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, with an increase in healthcare and tech postings due to the pandemic and digital transformation LinkedIn Economic Graph, April 2023 https://economicgraph.linkedin.com/blog/industry-hiring-trends Need Support & Assistance to Get You Connected & Hired? Check out my Career Coaching Packages on my website! Have two packages that can help you get on your way. Checkout "The Career Toolkit Package" & "The Job Search Pivot Package" Jose Miguel Longo’s Website: https://beacons.ai/coachingformillennials Chapters 00:00 This is coaching for millennials, and we're about to make some magic happen 01:59 Why so many people in today's job search market are not getting hired 03:24 The current job market is going through some major changes compared to 2019 07:36 The average time to fill for a position was 30 to 40 days in 2019 12:18 Percentage of job seekers who are employed versus unemployed compared to 2019 and 2024 15:14 Building a strong LinkedIn profile can help you stand out beyond the application process 23:25 Post regularly about industry trends, your professional expertise 24:02 Next point is to request informational interviews during your job search 26:53 You want to be open to contract or freelance work as it can lead to permanent opportunities 29:31 70% to 80% of applicants getting hired are getting hired by networking Call to Action Action Steps Start mapping out your networking plan today. Update your LinkedIn profile, connect with industry ...
