When most people need to find a new job, they start with the online career sites, employment offices or local want ads. It seems obvious to look in the places where people are advertizing for jobs. Yet, studies consistently show networking to be the most effective way to find a job. Networking is the act of working with people you know to help you find the things that you want. Its efficacy is not surprising considering that when done properly, job seekers are making direct contact with hiring managers or people that can lead them to hiring managers. Further more, it provides a way to tap into the hidden job market.
The phrase “hidden job market” refers to all of those jobs that exist but are hidden from view, that is, they are not advertised. Hiring managers will often hold-off advertising a job until exhausting their own circle of contacts. Placing ads and sorting through potential candidates is costly and time consuming. It also involves the risk of hiring an unknown entity. It is easier, cheaper, and safer for the hiring manager to recruit from friends and/or professional contacts. You increase your chances of getting the job you want by tapping into that hidden job market. As evidence, here are some statistics from resumagic.com on how Americans find employment:
35% — Found job through a friend, relative or other associate
30% — Contacted an employer directly, without answering a classified ad
14% — Answered a job classified advertisement
08% — Found job through on-campus recruitment or job placement office
06% — Employment agency or search firm
05% — State-run unemployment office
02% — Other
The above percentages indicate that 65% of people who are employed found a job that was never publicly advertised.
For many people, networking still feels like something that will only work for other people. I am proof that’s wrong. While not unique or connected in any special way, with the exception of one position I found by cold calling, I networked my way into every other position as I worked my way up the corporate ladders in multiple industries. Here are some examples of how I worked with the people I knew to find the jobs I wanted.
Cast Iron Foundry: Just before graduation, I was talking with my faculty advisor about jobs. He gave me the name of a man at a trade association coincidentally near my home. I visited him on the way home from school. He, in turn, referred me to the Chief Metallurgist at a nearby company that fit exactly with what I wanted to do. They hired me. The job was never advertised.
R&D Consortium: A vendor salesman that used to call the company that I worked for went to work for the Consortium. He told me they were looking for engineers with business acumen and put me in touch with the hiring manger. I got the job. The job was not advertised. When I had gone as far as I could in that company, I sent out hundreds of resumes and answered dozens of advertisements to no avail. Finally I found my new job through networking.
Life Insurance Agent: I decided to work for myself. I researched companies in the life insurance industry and knew some agents. A personal friend who was also an agent led me to his company where I eventually landed my first position. They had an active recruiting program ongoing and the personal introduction paved the way, even though I had no obvious qualifications.
Large Pharmaceutical: Several years later when I decided to change careers again, I networked my way into a local, major pharmaceutical company doing business development. The job was not advertised.