Most HR executives will have heard of the ‘hidden jobs market’ (the ‘sexier’ name for the unadvertised jobs market).
As a career coach, I believe the term is in danger of becoming a cliché, but if you’re looking for your next role, or working with staff who might be departing, I would urge you to re-balance the job search approach so that the hidden jobs market is factored in properly.
As an element of Executive Connexion’s coaching approach we focus on the hidden jobs market extensively, but clients often find it tough to re-focus their job search efforts in this area – despite the potential benefits.
As part of independent research we commissioned into the senior-level job market, to gain insight into how it works from a candidate and recruiter’s perspective, we found that more than 70% of roles are unadvertised but only 30% of potential candidates approached their job search by tapping into the hidden jobs market. Why? I think it’s because an advertised role ‘seems’ more tangible, whereas the hidden jobs arena seems vague and difficult to tap into – which, of course it is, but it’s worth the effort.
Three steps to accessing the hidden jobs market: