job4U2:“Relocation is a project for both”.
job4U2 is a service provider designed to support expatriates.
We facilitate their partners’ adjustment to the new location and
enable their access to a local professional activity.
Monday, September 3, 2012
Who is hiding my job market?
You read or hear everywhere
people talking about the hidden job market. Are you already familiar with the topic?
There is a general
statement that says that only 20% to 30% of jobs are advertised on job ads (job
portals, recruiters or company pages, press). It is known as the open market.
The rest is called the hidden market.
Have you ever wondered
Have you ever asked
yourself who is hiding these 0.8 of your future job?
Here is a little and
visual explanation about a standard recruiting process in private companies that
will show you were they hide.
Do you understand why 80% of people seeking
employment apply only on the open market?
to be honest, in fact, I do: it does look easier and does not require a lot of
a consequence, there is for these open advertised positions, a lot of
competition and your CV is likely to be 1 amongst hundreds.
only it need to be excellent but, if you want to be picked, you need to be this
very rare bird: you know the one with a Phd in Molecular Life
speaking 5 languages including Japanese, having 5 years commercial experience
in south Africa and knowing Linus, unix and Java.
not expect, in that process, that anybody is going to look to your transferable
hidden market is, on the other side, more diffuse and more difficult to
identify than the open one.
are 2 ways to approach the hidden market:
job applications, which without the having a right connection to a decision
maker won’t bring much: back to way number 1.
back to the initial question“Who is hiding my job market? “, I believe the
answer is now obvious: your network!
If you want to go one step
further, more resources about networking are offered on the job4U2 blog: