![]() ![]() In many cases, when working with a third-party recruiter, the company only pays the recruiter if a candidate is hired, and only if he or she stays for a specified period of time (say, six months). The recruiter sources job candidates, screens prospective hires, and sends the hiring manager a handful of handpicked candidates. An employer may choose to work with a recruiter to fill a job rather than advertise it publicly. Recruiters are another source of unadvertised positions. Plus, there is less competition for job opportunities accessed through the hidden job market than for openly advertised opportunities.īeing referred by a current employee may also mean that your application is set apart from the typical internal processes that most jobseekers have to navigate - such as an applicant tracking system for online applications. Employee recommendations can carry great weight. Some companies even reward employees - with cash or gift cards - for recommending a candidate who is eventually hired.Įmployee referrals provide an advantage for the jobseeker too. Particularly if the company has a strong workplace culture, having existing employees identify prospective candidates can help ensure solid candidates are encouraged to apply. While not all of the jobs found through professional networking are accessing the hidden job market (after all, your friends/family/acquaintance network can help you access interviews for advertised opportunities too), almost all candidates who get interviews for unadvertised jobs do so through networking.Ĭurrent employees can be an excellent source of candidates. It’s estimated that 60-80 percent of jobs are found through professional networking. Most of these job opportunities are accessed through referrals from current employees of the company. They are replacing an existing employee (who doesn’t know they are being replaced).A new role is being created and they are unsure of the qualifications of the ideal employee.They don’t want to be overwhelmed with applications.The cost of advertising an open position can be substantial. ![]()
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