Knowing Hidden Job Market and How to Get In One

Did you know that there is something like a hidden job market? It’s one of the phrases that recently gained popularity. But do you know what it is and why it exists? Let’s take a deep dive into the latest phenomenon for job hunters. 

What Is the Hidden Job Market?

Unlike the regular market where companies advertise their job openings, the hidden one is only run among specific circles. Instead of applying, you are likely to have people reaching out to you and offering you the position. 

Most HR managers choose to look into the hidden market because they need the person quickly. It’s also far more reliable than advertising an opening. For a company that is looking to fill a position quickly or temporarily, the hidden market is the best answer.

The manager is likely to approach a headhunter or the talent directly to give an offer. It will speed up the recruiting process. And both parties will be happy in no time because they get what they want.

Another reason why this market exists is because it’s cheaper for the company in general. Advertising for an opening can be highly costly and time-consuming. You need to take a look from the employer’s perspective. 

How to Access the Hidden Job Market

You don’t have to be part of the circle to be able to tap into the market. You just have to stay close with the right person. In this case, they are the HR managers or people who are close to them.

You sure have heard stories about artists who land an exhibition because they know someone who happens to know someone who is also a gallery owner. This is the power of networking, and it works great when it comes to the job market.

Networking is crucial if you want to improve your situation. When you have the right connection, you will get invitations left and right. 

Another way you can do this is by building skills and specialties that make you unique in your position. Even though there are maybe hundreds of people with the same skills, you must show the companies that you are their best choice.

Having an impressive resume also can help when reaching out to your target companies. Don’t forget to be polite in your cover letter. This way, even though the company may not exactly have an opening for you, they are likely to start a new one. Keeping your profile and portfolio up to date will convince the company that you are active and keep on improving. 

If you’re starting a company and receive help from your close friends, you are doing what other companies in the hidden job market do. It’s a prime example of utilizing your network to get the best person for the job. 

Whether you’re looking for a new job or a side job, you can get them easily with the right connection. You also can improve and expand your network and set yourself as the center of your circle.

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