College Graduates - How to Find a Job During an Economic Crisis
There is a hidden job market that most job seekers do not know about. The visible job
market is only the tip of the iceberg because many of the best jobs are not advertised. When
I worked as a self-employed recruiter most of my job search assignments were known only to
the employer, a few people in the company and me.
The good news for college graduates is that unemployment is much less for them than for
those with only a high school diploma. The bad news is that many college graduates are unemployed
or under employed and competing with many others for the better jobs.
The mistake that most job seekers make is to follow the crowd and to do what everybody
else is doing. This puts you in competition with too many people, especially during an economic
downturn. Let's take a look at the job seeking methods most people use and that are less likely
to produce good results. Most job seekers do the following:
o Send out lots of resumes
o Post resumes online
o Answer want ads
o Go to employment agencies
o Go to job fairs
It is okay to spend a small amount of your time using the methods listed above, but not
much, because these are the least effective job search strategies. They are less likely to get
you a good job when compared to the two job search strategies that I am going to present to you.
So what are the best and most effective job search methods? If you can find the unadvertised
jobs you will have little or no competition. Many employers who have job openings do not advertise
them or list them with employment agencies, but prefer to ask their employees and other people
they know to recommend someone.
There are two types of unadvertised or hidden jobs:
1. Job openings that the employer knows about.
2. Jobs that could be created for the right person, but no job opening currently exists.
Let's look at the first one. How can you find these unadvertised job openings? Here are a few ways:
o First you must know the type of work that you want to do, are suited for and feel passionate about.
o Research. Go to the library and identify at least 25 companies of interest from directories
of major employers. Examples would be Dun and Bradstreet's Million Dollar Directory and Standard
and Poor's Register of Corporations. The librarian can help you to find other directories and
resources for your research. Select several companies of interest.
o Use the Dictionary of Occupational Titles (DOT) and Occupational Outlook Handbook (OOH)
to identify jobs you want and the skills and experience required to perform them. The OOH will
also give you an idea of salary ranges for different jobs.
o Conduct informational interviews with people in your fields of interest to further your research.
o Contact people you know (and who they know) to see if they can refer you to anyone
who works for your companies of interest.
o Call hiring authorities directly and tell them what you would like to do. Let them know how
you could contribute to and benefit their company. If they do not have job openings in your field
of interest then ask for the names of two other hiring authorities in their field of work.