When you define what the hidden market is please then name a couple of factors w

Question

When you define what the hidden market is please then name a couple of factors within that market and how to tap into it. How would you actually go through with some of those approaches you described below:

Difference :

Techniques used in Published Job Market

1) Advertisements through various media

2) Mouth Publicity

3)Tie up with consultancies

Techniques used in Published Job Market

1) Through Employee Reference

2) Through confidential way

Published job market Hidden job market 1 These are publishes in various media like TV , News Papers , Magazines These are not published anywhere. 2 This method is used at mass level This method is used for recruitment of less candidates 3 In this method the chances of referral candidate are less. In this method chances of referral candidates are high 4 In this complete recruiting process is followed In this being not published complete recruitment policy is not formed. 5 Costlier process Less costlier 6 Higher chances of getting quality candidates Less chances of getting quality candidates

Explanation / Answer

Published job market pertains to those jobs that are published and whose information is available on classified ads in local newspapaers and job posting sites on the internet. Published job market includes newspaper ads (both print as well as electronic), job fairs, internet job sites and lastly through staffing agencies. This process of recruiting is time taking as it starts with releasing the advertisement in the various media, followed by receipt and then screening of applicant's profile. Relevant profiles are shortlisted and then called for the hiring process, which may include tests, group discussions and personal interviews.

The hidden job market is also known as the unpublished job market. In this market, openings are filled without being advertised. This method is more commonly used by organizations for lateral hirings (hring people with prior experience). Factors within the market for the hidden job market and ways to tap it are:

(i) organizations using the hidden job market should have strong networking with its alumni (ex-employees), professionals, and commerce bodies and associations. This can be tapped by maintaing contact with ex-employees, becoming a member of chamber of commerce bodies and associations and tying up with professional bodeis.

(ii) another factor is the employee reference. Employees are aware of the skill set requirements that the organization is looking for in a particular job. Employees are also aware of the soft skill requirements and the personality requirement for a role. They can refer acquantainces whom they think are perfect fit for the role. This method can be tapped by uodating the openings and requirements on the intranet. Eemployees can also be offered refereal incentives.

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