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One fifth of job seekers believe the hidden job market is a result of employers deliberately withholding advertising job vacancies from the public. Savvy job seekers are increasingly utilising the so-called ‘hidden job market’ to find a job. Nearly 80% of candidates are aware that career opportunities exist within companies who would consider recruiting internally or creating a role for a unique candidate that approaches them.
Over 20% of candidates incorrectly believe that the hidden job market involves employers not advertising employment opportunities to the public. According to a survey conducted by FindEmployment; 37% of applicants believe the best way to approach opportunities in the hidden job market is by identifying companies they would like to work for and sending a prospective CV.
Three in every 10 candidates prefer to present themselves personally and request an interview to showcase the talent, research, and solutions they could bring to the company. Researching the company’s strengths, weaknesses, and competitors was favoured by a quarter of job seekers looking to enter the hidden job market. Networking via industry professional associations was the least preferred method of securing hidden jobs.
"Job seekers globally need to take advantage of every means of enhancing their visibility in front of employers when they are searching for a job, particularly with such fierce competition with publicly advertised roles. The determination to research a company and personally approach them with a tailor made CV emphasizing the contributions that you can bring to their company showcases commitment, drive and ambition that can make you stand out as an asset to that company. It is definitely an approach to job seeking that I would advocate," said James Weaver, director of FindEmployment.