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The U.S. Economy added 303,000 jobs in March, marking the 39th month in a row of job growth. Concurrently unemployment has held below 4% for 26 months straight – the longest stretch of continuous low unemployment in 50 years. In contrast LinkedIn’s data reveals unusually low attrition (folks changing jobs) over the last 24 months, with the assumption being that economic uncertainty tied to high-profile corporate layoffs artificially dampened the talent market.
All of which to say it is likely we’re about to see a lot more liquidity in the talent market as the pent-up demand catalyzes a chain-reaction of job changes. If you are considering reentering the job market for the first time in a few years, it can be helpful to have a strategy to help navigate the post-pandemic new-normal:
Internal recruiting teams have three main channels to fill open jobs, so to maximize your chances of getting hired you want to show up in each channel in the most optimal way. It can be helpful to think about LinkedIn as your job search hub, where your career content (your resume and any thought leadership) lives. I recommend revisiting this earlier piece which gives detailed advice on how to maximize your presence on LinkedIn. Wherever possible you should try to get referrals from existing employees at the companies you are applying to, as this maximizes the chances of your application getting seen.
Additionally, even though it is the job search task with the lowest return, you are still going to have to apply for jobs. The significant strides forward in consumer-facing technology have resulted in a substantial increase in the overall number of job applications submitted, creating a signal-to-noise issue for recruiting teams to solve. Because inbound job applications are the most over-subscribed of the three channels, it is helpful to take a two-pronged approach. Setting alerts on LinkedIn and Indeed (the two highest trafficked job boards) to serve you all new jobs posted in the last 24 hours helps you be amongst the earliest applicants, but it is also helpful to look further afield. Although you will find the majority of jobs posted across LinkedIn and Indeed, you won’t find all jobs – here are some great alternatives:
If your industry sees a lot of venture capital or private equity activity, then it is almost certainly a good investment of time to research the two or three firms with the most activity, and to register with their in-house talent networks. Some firms run invite-only job boards, some have in-house talent teams that act as intermediary search firms for their portfolio companies. Some actively publish lists of open jobs to their mailing lists.
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