80 percent of positions are filled without any advertising. Yet most people spend 70 to 80 percent of their time surfing the net versus talking to employers, without realizing that the majority of hiring is done through networking, finding and speaking with hiring managers.
The following data is several years old. It may be a bit stale but it demonstrates the point because not much has changed since it was generated.
One survey says major job boards each receive about 427,000 resumes posted every week.
Major companies typically receive about six times as many applications as there are employees in the company. That means for a 30,000 employee company, they might get 180,000 applications a year.
Another survey says the average company receives 250 resumes for each job opening.
1,000 people look at any given job post.
200 begin the tedious, time consuming application process.
100 complete the application.
The first resume is received in less than 4 minutes of the post going live.
75 of the 100 resumes will be screened out, mostly by ATS.
Leaving 25 resumes that will be reviewed by a human.
The hiring manager will invite 4 to 6 for an interview.
1 to 3 of them will be invited for a final interview.
80 percent of those receiving an offer will accept.
Assuming the data is true today, only 1 out of 1000 job seekers that spend time surfing for a job online and actually completing the application process will be offered the job!
Talking to the hiring manager before applying is the key to gaining a competitive advantage and is a more effective use of time.
There are several better search strategies to choose from. Common to each is eliminating the lengthy application process, networking extensively to determine who the hiring manager is, and learning the skills necessary to reach out directly to that person before applying.
Strategies that work are:
1. Be referred. Search the web with appropriate filters for companies that are hiring your job objective, network to find current employees who can refer you, make direct voice contact with the hiring manager, and then apply.
2. Network to identify the hiring manager and introduce yourself. Target specific companies of interest and make direct voice contact with the hiring manager. Apply after speaking to the hiring manager.
3. Gain access to the 'hidden' job market. Target specific companies and ignore whether they have an opening that fits, call to find out who the most logical person is the hiring manager, and make direct voice contact. Apply after speaking to the hiring manager.
Skillful networking is the answer!
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