Sunday, September 23, 2007

The Truth Behind the Open Job Market

Most job seekers rely on the open job market which includes job posting boards and help wanted advertisements in local newspapers to source job leads. While it appears on the surface that these search vehicles have an abundant number of job leads, the reality is that very few people secure their positions through these methods of search. Only about 5-10% of people in search find their jobs using these two methods combined.

One of the main reasons it is so difficult to land a job through a job board is that the job seeker is faced with insurmountable competition and limited means to differentiate their candidacy. It’s not unusual for a hiring manager to receive over 500 resumes for one open position. With no personal relationship with the hiring authority, the job seeker is forced to rely on technology and hope that the resume they submitted for an online opportunity contains enough keywords and consistency with the job spec to garner an acknowledgement from the hiring manager.

The sad truth is that the number of companies that even acknowledge receipt of the resume is under 25% and the percentage of companies that offer candidates any additional information regarding their candidacy is in the single digits.

So what’s a job seeker to do? Send their resume out into cyberspace, cross their fingers, and hope for the best? Absolutely not. Far too many people waste valuable hours of search time sending their resumes into a virtual black hole. If an unemployed job seeker considers their full-time job to be finding a job and an employed job seeker considers their search to be a part-time job, no more than two hours of each week should be dedicated to posting for jobs online.

Candidates should be frugal with the amount of time they spend online and take advantage of time saving online search methods such as using aggregate boards such as SimplyHired, Indeed, and Jobster which cull information from numerous online boards or setting up job email alerts on several large or niche board sites.

What has your experience been with online job boards? Check back tomorrow to learn more about how to leverage your network to create a more successful job search campaign.

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