Question

Although estimates vary, it is suggested that 80% or more of the job openings that exist are in the hidden job market. What is the difference between the published job market and the hidden job market? What techniques would you usually use to access the published job market? What techniques would you use to access the hidden job market? And, if you are already a professional in your field and do not intend on seeking a different opportunity within the next 5 years, how might being aware of the hidden job market be of value to you? Additionally, many of you may be in a position to hire employees (or will be in the future). That noted, how might knowing about the hidden job market impact your strategy to recruit and hire qualified candidates?

Answer 1

Answer:

Yes I am agree with the statement .Most of the jobs are in hidden market These does not comes into picture.

Explanation:

Published Job Market:

1      These are publishes in various media like TV , News Papers , Magazines

2 This method is used at mass level

3 In this method the chances of referral candidate are less.

4 In this complete recruiting process is followed

5 Costlier process

6 Higher chances of getting quality candidates

Hidden Job Market:

1     These are not published anywhere.

2    This method is used for recruitment of less candidates

3     In this method chances of referral candidates are high

4     In this being not published complete recruitment policy is not formed.

5     Less costlier

6      Less chances of getting quality candidates

Techniques used in Published Job Market

1) Advertisements through various media

2) Mouth Publicity

3)Tie up with consultancies

Techniques used in Hidden Job Market

1) Through Employee Reference

2) Through confidential way