Career Development Association of Australia (CDAA) presentation - The Rise of the Hidden Job Market
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The job market is like an iceberg, the largest part is hidden. A Wall Street Journal article and her experiences as a recruiter noticing changes in the job market inspired Shireen to write a book in 2013 titled "Career Management: Access the Hidden Job Market". In this presentation Shireen will share findings from research, case studies and will include graphics from her book.
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Career Development Association of Australia (CDAA) presentation - The Rise of the Hidden Job Market
- 1. The Rise of the Hidden Job Market @shireendupreez Shireen DuPreez Founder and Principal Elite Human Capital www.shireendupreez.com www.elite-human-capital.com
- 2. Agenda The Rise of the Hidden Job Market @shireendupreez 1. Defining the Hidden Job Market 2. The Hidden Job Market – threats or opportunities? 3. Crowd source activity: How can we help jobseekers?
- 3. Introductions The Rise of the Hidden Job Market @shireendupreez
- 5. 1. Defining the Hidden Job Market @shireendupreez The Rise of the Hidden Job Market
- 8. 2. The Hidden Job Market – Threats or Opportunities? @shireendupreez
- 9. @shireendupreez 50% - 90% of available job opportunities are now “off market” Has job seeker behaviour adapted accordingly?
- 10. @shireendupreez Multi channel talent sourcing
- 11. What percentage of hires at Deloitte in 2014 were from referrals? @shireendupreez
- 12. @shireendupreez Workforce planning and reactive hiring practices
- 13. @shireendupreez Technology is enabling more human capital transactions, and faster personal.com
- 14. @shireendupreez Metric driven recruiting practices
- 15. @shireendupreez Recruitment – Trust and Risk
- 16. 3. Crowd source activity: @shireendupreez The Rise of the Hidden Job Market How can we help job seekers to access opportunities in the Hidden Job Market?
- 17. @shireendupreez Opportunities in the Hidden Job Market
- 18. The Wish Tree Washington Scotland Sydney “I wish all humans the opportunity to achieve their potential whilst making the earth a better place.”
- 19. Shireen DuPreez Founder and Principal Let’s connect!
Editor's Notes
- Founder, Principal, 10 years in executive search and recruitment, author, philathropist, surf lifesaver, parent to two job seekers.
- We are all contextualists
- The US Department of Labor say 30% of jobs are advertised, but how many of those jobs actually go to a “stranger”?
- According to US Bureau of Labor their official statement is that “employers fill the majority of job openings through the unadvertised or hidden job market”. They say on 30% of positions are advertised, which leaves 70% in the hidden job market. That number is not consistent across job categories, for example graduates it’s closer to 90%. Companies choose not to advertise positions for a number of reasons such as they needs to replace an under performer and so they run a confidential search, don’t want to affect stock price and reveal information to the market or competitors, hiring freezes, prefer to receive referrals than wade through 100’s of resumes. Use other means than advertising to find a suitable candidate. Newmont talent pipeline. Perhaps they are a small company and don’t have the time or money to go through a full hiring process.
- Woodside – most people they hire are known to them. 10 years ago print advertising was prevalent, now almost non existent. Has job seeker behaviour evolved?
- Globally.
- Changes in hiring practices. Rapid change in the economy. Workforce planning. Scenario planning. I remember I was recently recruiting several roles for a general manager and he confided in me saying her was running 4 possible scenarios.
- Complexities of job hunting