Explain the hidden job market and how it relates to networking. Have you ever us

Question

Explain the hidden job market and how it relates to networking.

Have you ever used a hidden job market, networking, or another creative way to land a job opportunity? Explain.

How can you utilize professional networks? Provide an example of one of the professional networks in your field.

What is a warm contact? What is a cold contact? Give an example of how you could use each type as you build your network.

What new methods of networking might you use in the future?

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Your postings should also:

Be well developed by providing clear answers with evidence of critical thinking.

Your observations should add greater depth to the discussion by introducing new ideas.

Provide clarification to classmates’ questions and provide insight into the discussion.

Explanation / Answer

Hidden Job Market

Jobs that aren't posted online or advertised are listed as Hidden job market. Potential Employees can tap the hidden job market by using networking connections to help find jobs that aren’t advertised anywhere. A person is more likely to get a job through the hidden job market rather than through regular channels. At least 60 percent of all jobs are found through networking.

It has many advantages for employers:

It's cheaper than advertising jobs online through a paid service.

They are more likely to get quality applicants from current employees

There's an opportunity for team-building through referrals, especially if they offer a bonus for applicants who are hired and stay for a certain period of time.

Hidden Job Market is an Informal Networking function. Like going to a sports event with friends or family functions with relatives, attending marriages or birthday parties. All these interactions at these events leads to a network.

Some creative ways to land a job might be creating unique resumes and posting on Social Networking sites or talking to HR of a company at a pub or a bar.

Professional networks can be used to discuss matters relating to work, to learn new ways of tackling people and situations, to make contacts with other professionals, to develop better business relations etc.

Professional Networks may be different types in different organizations. for example in E&Y there is a network of Table Tennis players of that same organization.

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