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The Exclusive Career Coach
Lesa Edwards
50 episodes
2 weeks ago
The Exclusive Career Coach is presented by Lesa Edwards, CEO of The Exclusive Career. This bi-weekly podcast covers all things job search including how to plan and execute an effective job search strategy, interviewing tips, networking tools, maximizing LinkedIn, salary negotiations, and managing your mindset around your job search. Looking for help in managing your career including leadership development, self-promotion, management issues, emotional intelligence, and effective communication? Visit my other podcast - The Exclusive Career Podcast!
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All content for The Exclusive Career Coach is the property of Lesa Edwards and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.
The Exclusive Career Coach is presented by Lesa Edwards, CEO of The Exclusive Career. This bi-weekly podcast covers all things job search including how to plan and execute an effective job search strategy, interviewing tips, networking tools, maximizing LinkedIn, salary negotiations, and managing your mindset around your job search. Looking for help in managing your career including leadership development, self-promotion, management issues, emotional intelligence, and effective communication? Visit my other podcast - The Exclusive Career Podcast!
Show more...
Careers
Business
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359: The Hidden Job Market
The Exclusive Career Coach
19 minutes 18 seconds
2 months ago
359: The Hidden Job Market
Let’s talk about the Hidden Job Market, which I first covered in Episode #4.   What is the Hidden Job Market? Let’s start with a definition: The “hidden job market” refers to job openings that are not publicly advertised through traditional channels like job boards, company career pages, or public job listings. Instead, these positions are filled through alternative methods, primarily including: * Employee Referrals: A company's current employees recommend candidates from their personal and professional networks. * Networking: Job seekers build relationships with professionals in their desired industry or at target companies, which can lead to informal announcements of opportunities or direct introductions to hiring managers. * Internal Promotions and Hires: A company fills a vacancy by promoting or moving a current employee into the new role. * Recruiters and Staffing Agencies: Companies work with specialized recruiters who have a network of pre-screened candidates and are often aware of positions before they become public. * Direct Outreach: A proactive job seeker reaches out to a company or a specific hiring manager to express interest and inquire about potential opportunities, even if no public job posting exists.  Companies often prefer to use the hidden job market to save on recruitment costs, reduce the time and resources spent sifting through a high volume of applications, and hire candidates from trusted, pre-vetted sources. The most recent and commonly cited range is 70% to 80% of all available jobs. This means that a large majority of all new positions are filled without ever being advertised to the public. Why aren’t some jobs advertised? -An employer needs to confidentially replace an underperformer. They don’t want a gap between terminating the underperformer and hiring the new employee, so they are conducting a confidential search. -The employer at a public company fears that news of hiring a critical role might hurt stock prices.  -The company doesn’t want to reveal plans for a new project or a new direction to the public. -The employer wants to get referrals before, or instead of, publicizing the vacancy.  -The company is going to work through a third-party executive recruiter. In this situation, the executive recruiter will be doing the advertising (or using his/her network to recruit). -The employer uses social media or other free means to advertise the position. -There is a hiring freeze at the company, so they can’t publicize the position yet – but they are informally seeking candidates in the interim.  -The employer is very small and doesn’t have the time or financial resources to publicize the vacancy. -The employer simply fails to publicize the vacancy.  While I have gone into the specific strategies for accessing the hidden job market in previous episodes, and will update those strategies in future episodes, here is a brief overview of some of the ways you can access these jobs. Keep in mind that no one is intentionally keeping YOU, personally, from these opportunities. You can have just as much access to them as anyone if you work your network effectively.  The key is being proactive and strategic – building relationships and positioning yourself for opportunities that may not even exist yet.  1. Master Professional Networking 2. Leverage LinkedIn to Its Full Potential 3.
The Exclusive Career Coach
The Exclusive Career Coach is presented by Lesa Edwards, CEO of The Exclusive Career. This bi-weekly podcast covers all things job search including how to plan and execute an effective job search strategy, interviewing tips, networking tools, maximizing LinkedIn, salary negotiations, and managing your mindset around your job search. Looking for help in managing your career including leadership development, self-promotion, management issues, emotional intelligence, and effective communication? Visit my other podcast - The Exclusive Career Podcast!