The Job Exchange

Tapping Into The Hidden Job Market

How To Find a Job

I just happened to stumble upon this amazing article yesterday as I was cooling my heels waiting to board a flight to New Jersey.

I had picked up the latest copy of Fortune magazine (the headline “How to Find a Job” caught my attention), and was THRILLED to see so many of the ideas and tips we’ve espoused here laid out in the article.

This is a MUST READ for every job seeker out there.  We’ve talked endlessly here about the hidden job market, the resume black hole, and why it is vital that you find creative ways to reach the people responsible for hiring decisions.

So take a few minutes to read every line of this article. And please, go back and read some of the posts we’ve put up here, including:

Apply Now: The Black Hole

Google Power Job Search Tips

Sallie Mae To Add 2,000 US Jobs  (warning: this will give you one of the “secrets” to locating real people in a company!)

Job Search Secret: Trade Shows

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04/17/2009 Posted by | hidden job market, job search | , , , , , | Leave a comment

Fannie Mae & Freddie Mac: 3,000+ Jobs

From the New York Times:

Fannie Mae and Freddie Mac are suffering from an exodus of senior and midlevel managers. The companies have been unable to replace executives who have either been pushed aside as part of last year’s government takeover, or who sought refuge at less stigmatized companies offering better pay and a more predictable future.

News articles are another great resource for finding the elusive hidden job market. A quick search at Indeed.com shows that Fannie Mae has over 1,300 openings

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04/16/2009 Posted by | hidden job market, job search | , , , , | Leave a comment

Sallie Mae To Add 2,000 US Jobs

Sallie Mae is the nation’s leading provider of student loans and administrator of college savings plans, has helped millions of Americans achieve their dream of a higher education. The company primarily provides federal and private student loans for undergraduate and graduate students and their parents.

From MSNBC.com:

Sallie Mae said Monday that it will bring 2,000 jobs to the U.S. within the next 18 months as it shifts call center and other operations from overseas.

Aside from call center positions, the nation’s largest private student lender will be looking for individuals to fill information technology and operations support roles.

Sallie Mae runs facilities in 20 U.S. locations including Lynn Haven, Fla.; Fishers, Ind.; Wilkes-Barre, Pa.; Killeen, Texas and Newark, Del.

Browse their online job listings here.  Click the ‘read more’ button below to see how to avoid the black hole!

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04/06/2009 Posted by | hidden job market | , , , | 3 Comments

Job Hunters Trapped in a Resume Black Hole

From Northjersey.com

Employers: What (or who) is it you need that you can’t find?

When I’m with human resource professionals, I hear — despite the mounting unemployment rate and job eliminations — that they’re having trouble filling current needs.

Apparently, the 7.2 percent of the labor force who are out of work and looking to become re-employed aren’t what employers need.

Or it could be that the old saw reigns: You’ll hear again and again from recruiters that someone is more employable when they’re working than when they’re not.

That’s sand in the wounds of many fine, but currently unemployed, job hunters who lost jobs through no performance fault of their own. Unfortunately, there’s usually a first-glance suspicion that joblessness is the worker’s fault.

Many of the job hunters I meet understand that. They desperately want the opportunity to make their case. But they can’t get that far.

Today’s hiring systems in many of the big companies have become impersonal, computer-based filtering systems.

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04/02/2009 Posted by | job search | , | Leave a comment

Recruiters: How Big Is Your Black Hole?

Readers here may recall our post, “Apply Now: The Black Hole.” In seaching cyberspace today (perhaps for those missing resumes!), I stumbled across this article at ere.net that was written back in the stone ages (2001) that discusses the very problem we are attempting to address here.

As you read this, keep in mind that the audience for this article was recruiters.

From ere.net

Is your organization suffering from “black hole” syndrome? So does having a lot of resumes in your database imply that you have a black hole in your recruiting process?  Let’s look at some symptoms of this syndrome:

Significant and consistent complaints from internal and/or external candidates stating that they submit a resume or on-line application and never hear from the company again.

When the same candidates phone up the company to follow up, it’s difficult or impossible for anyone to verify that their information actually made it into the system and when.

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04/01/2009 Posted by | job search | , , | 3 Comments

Disrupt the Status Quo — Avoid The Resume Black Hole

This article appeared on Dice.com back in 2007. Despite its age, it remains highly relevant today. I’m posting this here as a segue to an upcoming series of posts on how to use search engines, such as Google, to find names and contact information for recruiters and hiring managers at a company you may be targeting.

In a 2006 survey examining the sources of hiring within corporations, the consulting firm CareerXroads found nearly 34 percent of open positions were filled internally. Just over 25 percent of the remaining open jobs were filled by employee referrals. Add in the fact that just over 5 percent were filled by re-hires. Total it up and you’ll see candidates without an inside track are in heavy competition for the remaining slots.

“I refer to this phenomenon as the ‘Stacy factor,'” says Asher. “There’s an open position in a company and 10,000 resumes are placed into an electronic funnel. After being sorted, four resumes fall out of the system and land on the boss’s desk for review. Then, in walks Stacy, who says to her boss, ‘Here’s a friend of mine. I think he’d be great for the job.’ With that, Stacy hands the boss her friend’s resume. Now, who do you think has the inside track for that job?” The moral of the story, Asher says: You need to find Stacy.

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03/26/2009 Posted by | job search | , , , | 4 Comments

Are Recruiters Becoming Irrelevant?

The Job Search Revolution Shifts to Company Career Sites

 

Liberally Borrowed From CareerAlley (big hat tip!)

 

One of the most dramatic changes in the job search process in the last few months has been the shift from recruiters to company career sites.

 

Recruiters still have jobs, but not as many as they have traditionally had, as some companies need to save recruiting dollars where they can.  Agency recruiters are usually easier and more productive to work with because they represent multiple employers and can send your resume to a wider selection. As well,they are in direct contact with the HR gatekeepers and typically are not constrained by an employer’s Applicant Tracking System (ATS). That said, because employers are cutting costs wherever they can, many no longer rely on agency recruiters to find candidates.

 

Conversely, applying at individual company sites is a bit more challenging, as you must individually apply at each site. And, of course, you are competing with all of the other resumes that have been submitted there. With an agency recruiter, you will receive feedback fairly quickly as to if you are under consideration for a position.  With a company’s ATS, you will receive an automated response thanking you for your application.

 

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03/11/2009 Posted by | job search | , , , , | 2 Comments