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APPEN.D
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1994-05-18
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APPENDIX D - SIX MYTHS ABOUT THE JOB MARKET
1. IF YOU CAN'T FIND THE RIGHT JOB, IT JUST DOESN'T EXIST.
This is a typical "wrong conclusion." For example, studies
done by a major foundation and the Federal Employment
Service, both came up with an identical conclusion: between
85% and 88% of the job vacancies are NOT available through
ANY place that a job hunter traditionally turns to...i.e.,
newspaper ads, civil service notices, federal/state
employment agencies, private agencies, and search firms.
Nevertheless, at any given moment, there are still two
million professional and executive jobs out there.
In fact, a survey by the National Federation of Independent
Business revealed that small businesses alone had one
million vacancies.
THE MORAL: Don't worry about the lack of jobs, but instead
learn how to find out what's really available.
2. MOST PEOPLE KNOW HOW TO JOB HUNT.
Most people only know a relatively ineffective way, one
which depends on sending standard resumes to the traditional
places.
However, standard resumes only produce an inquiry for every
85 resumes a company receives. And, only half of these
result in an interview. So, only one interview actually
takes place for every 170 resumes.
Furthermore, the average company conducts ten interviews
before it makes a single job offer, which works out to be
one offer for every 1,700 resumes received.
The key point is that this means 1,699 disappointed "resume
senders" for every one who secures an offer.
THE MORAL: Put your old ideas about job hunting behind you.
Then learn some of today's new and more exciting search
techniques. They can often increase your effectiveness 5 to
6 times.
3. AGENCIES HAVE MANY JOBS AND ARE THE BEST SOURCE FOR HELP.
This is a very common misconception. To begin with, less
than 7% of all professional, managerial and executive jobs
are ever listed with agencies. This is because employers
are reluctant to pay the 15% to 30% commissions.
What's more, a survey revealed that the average agency is
able to set interview appointments for only one of every 20
candidates who contact them. The others simply don't match
their active job orders.
In the early part of the century, agents did market people.
However, today, when it comes to professional and executive
jobs, agencies are simply extensions of a company's
personnel department. And of course, many do a fine job.
What you, as a job hunter, must understand is that the
companies pay agencies and therefore agency loyalty, in the
first instance and the last, is to the company, rather than
to you.
More importantly, they earn a commission by taking a job
vacancy as "a given" and trying to find a person to match
that vacancy, even if a job hunter has to be pushed and
shoved into a somewhat different shape in order to match
"the given."
THE MORAL: Search for a job that fits you. In other words,
if you're looking for a real career situation, you the job
hunter must be "the given" and not be manipulated into
another shape.
4. THE WANT ADS ARE WHERE TO LOOK FOR A JOB.
Every day millions of people turn to the "help wanted"
sections of newspapers, and they send in their resumes. And
they wait...and wait...and wait!!!
You see, what most job hunters don't realize is that ads for
professional and executive openings draw 200, 300, and even
500 applicants. And for most jobs there will always be
someone who sounds better than you.
Today, the professional jobs advertised in newspapers
account for less that 3% of the jobs out there. In fact,
one study of newspaper ads revealed that in San Francisco
and Salt Lake City, 80% to 85% of all employers in those
cities did not hire a single person through want ads during
the entire previous year.
THE MORAL: Answering ads is fine, but don't get your hopes
up. Since they account for less than 3% of the jobs, they
should receive less that 3% of your job hunting effort.
5. EMPLOYERS HAVE ALL THE POWER.
Certainly, employers have the power to hire and fire.
However, most of them are just as concerned about finding
good employees as job hunters are concerned about finding
good employers. In fact, recruiting costs are of major
concern to all industries.
Part of the problem is that while almost all employers
screen before they hire, many job hunters postpone their
screening until after they have been hired. Too many find
out the jobs aren't what they thought and end up quitting.
THE MORAL: Employers need good people as much as you need a
good employer. However, don't just go after a job.
Instead, run a campaign and go after a number of job offers.
Then, even though employers have the power, you just might
be in the driver's seat.
6. THE BEST QUALIFIED PEOPLE GET THE BEST JOBS.
The best qualified people don't automatically get the best
jobs. The people who get hired are the ones who learn "how
to get hired"...and who then practice this skill.
THE MORAL: Treat your career as the key to the things you
want most in life. If you are serious about job hunting,
get access to someone who will teach you "how to get hired"
and who strictly has your interest at heart.
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end of chapter