Hidden Job Market

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Learn how to access 80-85% of opened jobs which is called the "Hidden Job Marke."

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  • Talk about a few quick facts about the economy/job market. Use the last fact to transition into the next slide, and talk about why companies don’t advertise positions.
  • These are more reasons why companies don’t advertise for jobs and why to look in other areas.
  • So how do we find these hidden jobs?
  • Basic tips on how to tap into the hidden job market. Internet sites to go into and show them how to find smaller companies/ all companies. FirmFind- It is hyperlinked to Jobs.utah.gov. Walk them through step by step and show them examples of how one could use it to locate employers. Reference USA- Anyone with a Salt Lake County library card can access this for free. I’ve hyper linked Reference USA to the Salt Lake County Library. These are the steps to access it from there. 1. Click Research Room 2. Click Reference Tools 3. Click Business and Legal 4. Click Business and Legal again 5. Click Reference USA 6. Put in Library card number and pin 7. Look up company you are targeting 8. Look for similar companies within the area
  • Statistics to demonstrate that one should look into all types of jobs especially small organizations. Also to show that they may have more success contacting a smaller companies. Smaller companies are more likely to be part of the hidden job market.
  • More reasons to look at smaller companies.
  • More encouragement to be more proactive and target the hidden job market. Talk a little about changing some of their assumptions/methods to get employed.
  • Hidden Job Market

    1. 1. TODAY’S JOB MARKET & HIDDEN JOB MARKET
    2. 2. TODAYS JOB MARKET <ul><li>Average length of unemployment is 5 months </li></ul><ul><li>Average job seeker gets fewer than 2 interviews a week </li></ul><ul><li>Only 15% of all jobs are advertised Source: J. Michael Farr, The Very Quick Job Search (2 nd Ed.) </li></ul>
    3. 3. WHY NOT ADVERTISED? EMPLOYERS DON’T LIKE TO HIRE STRANGERS!
    4. 4. ADVERTISED JOBS <ul><li>1. Hard to fill </li></ul><ul><li>2. Low paying </li></ul><ul><li>3. Many applicants </li></ul>
    5. 5. HIDDEN JOBS
    6. 6. HIDDEN JOBS <ul><li>Networking (getting leads from people you know) </li></ul><ul><li>Direct contact with employers </li></ul><ul><li>Talk with smaller businesses </li></ul><ul><li>FirmFind </li></ul><ul><li>Reference USA </li></ul>
    7. 7. WHERE PEOPLE WORK <ul><li>Small organizations (1-250 employees) 66% </li></ul><ul><li>Medium organization (250-1000 employees) 18% </li></ul><ul><li>Large organizations (Over 1000) 16% </li></ul>
    8. 8. SMALLER BUSINESSES <ul><li>No personnel offices </li></ul><ul><li>More likely to create a job </li></ul><ul><li>More jobs available </li></ul>
    9. 9. WHAT ARE YOU DOING? <ul><li>Old ways of finding a job have become less effective. </li></ul><ul><li>WHAT ARE YOU GOING TO CHANGE? </li></ul>

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