Irregular job posting channels
This job market might be “hidden,” but it is possible for you to find out about these jobs. It is very likely that you land on your dream job through the hidden job market than through regular big channels. Many of hidden jobs are found through networking rather than traditional job searching. According to a Survey by Jobvite in 2019, even though most applicants apply for jobs on a job board or employer career site, 35% found job postings on social media, 50% of respondents heard about jobs from friends, and 37% say they also learn about jobs from professional networks.
What are the real advantages of hidden job market for employers?
Main motivation is that it is cheaper than listing jobs online or in print via a paid service.
Some companies want to keep hiring decisions as quiet as possible, so they avoid posting jobs online. Perhaps the company is opening a new branch, for example, but does not want to share this information with the public just yet.
Companies are more likely to get high-quality applicants from current employees, who both understand the needs of the job and have a stake in recommending good candidates – especially if they’ll be working with whoever gets the job.
Employees are also motivated to give good referrals if the company offers a bonus to employees who recommend the applicant who is hired.