What is the informal job market?

Unadvertised job opportunities which you must dig out through your own initiative. The informal job market is a needle in the haystack but the best way of managing your career and giving you the chance to have a choice between jobs. Applying for advertised positions leaves you at the mercy of someone else's timing.

Pros

  • Non-competitive - you are often the only candidate for the job.
  • Discussions with potential employers are more informal and relaxed.
  • Greater chance of changing industries.
  • Focus of interview is on what you can offer not on how you compare with other candidates.
  • An employer may fit you in somewhere if they like you, hence creating a job for you.
  • You are in control of your own momentum - waiting to be called for a formal interview is depressing.
  • Momentum is psychologically advantageous as it builds your confidence.
  • Some say that 80% of the total jobs available in any one year change hands informally.

Cons

  • Hard work obtaining informal interviews as they are obviously not advertised.
  • Intimidating at first having to dig out opportunities at your own initiative.

Where to start?

             

All pages written by Mitch McCrimmon, Ph.D. and copyright © Self Renewal Group 1996-2008

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