EP128: Why Your NOT Getting Hired! 5 Ways to Get Seen & HIred in Less Than 90 DAYS Join host Jose Miguel Longo in this insightful episode of Coaching for Millennials as he delves into the pressing issue of why job seekers are struggling to secure interviews. With extensive research and a wealth of experience, Jose breaks down the current job market trends and offers actionable strategies to help you stand out among the sea of applicants.
Takeaways
- Understand the major shifts in the job market from 2019 to 2024 and how they impact your job search.
- Learn why tailoring your resume to the job description is crucial for passing through applicant tracking systems.
- Discover the importance of networking, with 70-80% of jobs being filled through connections.
- Get practical tips on building a strong LinkedIn profile, engaging in meaningful conversations, and requesting informational interviews.
- Explore strategies for adapting to the new job market, including flexibility, skill development, and personal branding.
Resources Summary & Websites Hiring through Applications vs. Networking
Percentage of People Hired by Applying to Jobs: Around 40-50% of hires come from direct applications through job postings Jobvite, February 2024: https://www.jobvite.com/2024-job-seeker-nation-report.
Percentage of Jobs Posted with Applicants Reviewed: Approximately 60-70% of job postings receive applicant reviews LinkedIn Economic Graph, April 2023: https://economicgraph.linkedin.com/blog/the-most-in-demand-jobs-right-now
Percentage of Jobs Filled via Networking: 70-80% of jobs are filled through networking, referrals, and internal hires Forbes, June 2023: https://www.forbes.com/sites/forbescoachescouncil/2023/06/10/networking-tips-to-land-your-next-job/
Comparison of Job Posting and Application Statistics: Today vs. 2019
Average Number of Applicants per Job Posting: 2019: Approximately 50-100 applicants Glassdoor, December 2019 https://www.glassdoor.com/research/job-search-statistics-2019 2024: Over 200 applicants due to increased job search activity Indeed, March 2024: https://www.indeed.com/impact-of-job-applications-2024
Average Number of Applicants Reviewed
2019: About 20-30 applicants reviewed per posting SHRM, May 2023 https://www.shrm.org/resourcesandtools/hr-topics/talent-acquisition/pages/recruiting-statistics.aspx
2024: About 50-60 applicants reviewed per posting LinkedIn, January 2024 https://www.linkedin.com/pulse/job-search-trends-2024-linkedin
Average Time to Fill a Role:
2019: Around 30-45 days: SHRM, December 2019 https://www.shrm.org/resourcesandtools/hr-topics/talent-acquisition/pages/average-time-to-fill-position.aspx
2024: Extended to 45-60 days due to higher application volumes Jobvite, February 2024 https://www.jobvite.com/recruiting-metrics-and-benchmark-report-2024
Percentage of Job Seekers (Employed vs. Unemployed)
2019: Employed: 70% :Bureau of Labor Statistics, December 2019 https://www.bls.gov/news.release/empsit.nr0.htm
Unemployed: 30% Bureau of Labor Statistics, December 2019 https://www.bls.gov/news.release/empsit.nr0.htm
2024:Employed: 60% Jobvite, February 2024 https://www.jobvite.com/2024-job-seeker-nation-report
Unemployed: 40% Jobvite, February 2024
https://www.jobvite.com/2024-job-seeker-nation-report
Percentage of Open Jobs by Major Industries:
Technology, Healthcare, Finance, Retail, and Manufacturing are major industries with significant job postings both in 2019 and today, but the exact percentage distribution has shifted slightly, wit
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