Finding a New Job via Word-of-Mouth Networking in the Hidden Job Market
Understanding The Hidden Job Market
Most job seekers miss seeing bigger opportunities because they apply to only posted jobs on company's websites, LinkedIn, or job listing sites. Nearly 80% of all jobs are filled without ever being publicly advertised because they are filled through word-of-mouth referrals and internal networks, which form the "hidden job market". Candidates routinely limit themselves by chasing the same jobs as everyone else. Right away they are in direct competition with hundreds of other job hunters.
Why Traditional Job Applications Fall Short
Relying exclusively on job boards and company websites can be ineffective for several reasons:
- Limited Visibility: Many high-level positions are filled through internal referrals before they're ever advertised.
- High Competition: Public postings attract hundreds of applicants, making it challenging to stand out.
- Lack of Personal Connection: Without a referral or internal advocate, your application may not receive the attention it deserves.
What It Takes to Access the Hidden Job Market
The first reason is that most job seekers don’t know how to uncover jobs that aren’t advertised. It requires networking skills that go beyond reaching out to the handful of people they already know.
Second, it requires good questioning and listening skills. Good questions uncover needs and challenges. Listening is an exercise in patience and going beyond the first layer.
Third, it’s hard work that takes an investment of time. Most simply won’t invest the time and work needed to uncover word of mouth jobs, especially if it goes longer than a few weeks.
Lastly, it means getting out of their comfort zone. Starting conversations with a lot of people is challenging, especially when you are actively looking for a new job. Proposing yourself as the solution opens the door to possible rejection.
Learning these skills takes practice and the guidance of an experienced career coach who will keep you on track over the long haul. However, learning these skills will open up many more opportunities and keep your job search shorter. By partnering with Endeavor, you can learn how to uncover these unadvertised positions for your current and future job searches.
Ready to Explore the Hidden Job Market?
Contact Endeavor Agency today to discover how our tailored services can help you access exclusive opportunities and achieve your career goals. By leveraging our expertise and resources, you can uncover unadvertised positions and accelerate your career progression.
About Endeavor Agency
Endeavor Agency is the nation’s leading company helping individual executives, VPs, senior managers, professionals, and physicians find the jobs they truly want. Our additional resources, expertise, and career change specialists help our clients uncover more and better job opportunities than what they could access on their own.
Endeavor Agency helps rebrand clients to effectively communicate their value throughout the interview process and increase their odds dramatically of winning offers. Additionally, Endeavor Agency helps clients achieve better results in negotiating the terms of their employment agreements.
Endeavor Agency also provides executive coaching, outplacement services, and business consulting services. Endeavor can also help guide executives focused on the private equity and venture capital market segments.
