Every once in a while, a picture comes along that shows a story so much better than telling it.
You’ve been told to network to find your next job so many times you might be inclined to tune out when someone mentions it.
But has anyone ever told you just how powerful a job search strategy networking is? Probably not.
Lever, a recruitment marketing firm, conducted a one-year source-of-hire efficiency study (more here).
Guess what? The companies in the study hired one of every 16 candidates referred to them.
Say Goodbye to the Black Hole
The companies hired one of every 152 candidates who applied through their applicant tracking systems (aka The Black Hole).
One out of 152 is a 0.66% chance of being hired.
That sucks. Why would you accept those odds? You’re better than that.
Think of It Like Flying
Referral = First Class
External Recruiter Submittal = Business Class
Internal Recruiter Sourced = Economy Plus
Applicant Tracking System = Basic Economy, Middle Seat, Last Row
How do you want to travel through your job search?
Use This Job Search Strategy
Networking (i.e., being referred) gives you the best odds, a 6.5% chance of being hired.
Do that. It’s your best bet.
Don’t believe me? Look at the chart. Cold, hard data.
Networking Ups Your Odds of Being Hired 10X
The companies in the study hired referred candidates 9.5 times more often than applicants. You can round 9.5X up to 10X.
Why Does the Networking Job Search Strategy Work?
Because it helps you figure out your job search, with the help of others, as you go.
You set up a virtuous loop of ideas, leads, introductions, execution, feedback, and improvement.
Networking through your job search puts you in your own personal moonshot!
True. It’s full of rejection and failure, but you’ll also find diamonds.
You have to put yourself out there and know that not everyone will “get” you. Expect it. It’s not personal. It’s just the way it is.
You’ve heard about Thomas Edison’s failure rate on the light bulb, right? 1,000 attempts before he nailed it.
Elton John and Bernie Taupin have written over 1,000 songs. About 50 made it to the Top 40. That’s a 5% success rate — pretty close to that 6.5% number above. They’ve sold over 300 million albums.
What will you do?
Take Your Moonshot
Go ahead, take your moonshot.
If you’re wondering how to start, a recent Havard Business School study found that former colleagues are the best sources of new jobs (more here).
Make some magic for yourself.
I write executive resumes and LinkedIn profiles. Save time. Get hired. Email me at email@example.com for more information.
© 2018, Donna Svei. All rights reserved.