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Six Myths About

The Job market

1. If you can't find the right job, it just doesn't exist.
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2. Most people know how to job hunt.
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3. Agencies have lots of jobs & are the best source for help.
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4. The "Want Ads" are where to look for a job.
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5. Employers have all the power.
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6. The best qualified people get the best jobs.
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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 (in California), 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. job board websites, 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 lower level jobs you see, instead learn how to find out what's available at higher levels.

2. MOST PEOPLE KNOW HOW TO JOB HUNT.

Most people only know about a relatively ineffective way, one which depends on sending standard resumes to the traditional places. However, standard resumes only produce one inquiry for every 85 resumes a company receives. And, only half of these results 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 over 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. Learn today's new and exciting search techniques. They will increase your effectiveness 5 to 6 times.

3. AGENCIES HAVE LOTS OF JOBS & ARE THE BEST SOURCE FOR HELP.

This is a very common misconception. To begin with, few managerial and executive jobs are ever listed with agencies. This is because most employers are reluctant to pay the 15% to 30% commission.

What's more, a survey revealed that the average agency is able to set interview appointments for only 1 of every 20 candidates who contact them. The others simply don't match their active job orders.

Now in the early part of the century, agents did market people. However, today, when it comes to professional and executive jobs, they 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 companies pay agencies and therefore agency loyalty, in the first instance and the last, is to the company, rather than you.Importantly, they earn a commission by taking a job vacancy as "A GIVEN" and trying to find a person to match that, even if the 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.

Everyday millions of people turn to job board websites "help wanted" section and send in their resumes. And then they wait and wait!

You see, what most job hunters don't realize is that ads for professional and executive openings draw 2,000, 3,000 and even 50,000 applicants.

Fortune 500 companies typically receives hundreds of thousands of unsolicited resumes, even when no jobs are posted! And, for most jobs, there will always be someone who looks better than you.

Besides, today, the professional jobs advertised on website job boards and newspapers account for less than 3% of the total jobs out there.

The Moral: Answering ads is fine but don't get your hopes up. Since they account for less that 3% of the jobs, they should receive less than 3% of your 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 how to find a good employee. In fact, recruiting costs are a major concern to all of the industry.

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 fired. Too many find out the jobs aren't what they thought and they end up quitting.

The Moral: Employers need good people as much as you need them. 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 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 most things you want in life. If you are serious about job hunting, get access to a network who will show you where the jobs are, "how to get hired" and who has your best interest at heart.

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