3 Job Facts That Should Scare You and What You Can Do About It
Are you in the market for a new job? If so, I’ve got some pretty dismal news for you: so are literally millions of other people. What’s worse? That college degree you’re still paying off no longer sets you apart from everyone else. In 2015, the unemployment rate for recent graduates was sitting pretty at 7.3%, while the underemployment rate was at 14.3%. Overall, people with college-level degrees make up a significant percentage of those who are unemployed (many sources say as much as 50%) and recent years have seen only marginal improvements. As someone looking for a job, you may be in for a pretty rough go of it. Scared yet? Well here are three more job facts that will have you seriously worried about your future.
Job Fact #1
The majority of open positions are never publicly advertised.
Interview Success Formula, an online company developed to help people learn how to find jobs, released a surprising statistic in 2013. They stated that out of the 3.6 million jobs available in 2012, about 80% of them were never announced.
So who gets these secret jobs? People who have friends in high places. It really is all about who you know.
Job Fact #2
Employers spend about 6 seconds reviewing your resume.
That’s right. According to a recent study conducted by The Ladders, a job matching and career-development company, recruiters consciously, or unconsciously, spend only moments looking at your resume before deciding to pursue you as a candidate or throw your application in the trash.
Job Fact #3
Over 200 people apply for every job posted.
ERE, a recruiting company, released a statement for job-seekers that included several interesting statistics. First, the average corporate company receives 250 applications per job opening. They also stated that only four to six candidates will get a first-round interview and only three of them will be offered a final interview.
For the sake of mathing it out, let’s say only 200 people apply for a particular job. If you’re one of them, that means you have, at best, a 3% chance of even getting an interview, a 1.5% chance of being considered a finalist for the position, and a .5% chance of being offered the position.
If we continue to follow this line of thinking, you can expect to apply to at least 33 jobs before getting an interview, 66 jobs before being seriously considered, and 100 jobs before being hired. Never mind whether the job is a good fit for your, is located somewhere you want to live, or can pay you what you need to survive.
What You Can Do About It
As these job facts show, the corporate world is seriously stacked against the average person and, unless you have nerves of steel, the typical job search experience can break you.
It’s dehumanizing what some companies do because they don’t see applicants as individuals; all we are is a collection of facts and dates on a single piece of paper that they may, or may not, spend six seconds looking at.
So why do we put up with it? Why don’t we shout, “Enough is enough!” and do something to take control of our own lives and careers?
Simple. Because we’ve been conditioned to think that this is what life is and that there’s nothing we can do about it.
But that’s hogwash!
You can have a job that is both fulfilling and profitable and, contrary to popular belief, it isn’t far out of your reach at all. If there are approximately 720,000 (20% of 3.6 million) positions publically posted in a year and you only have a .05% chance of getting one you apply for, why not create your own job and hire yourself? You’ll certainly give yourself more than six seconds, you don’t have to worry about submitting an application or getting an interview, and it doesn’t matter one lick who your friends are.
These job facts may be scary, but starting a business and creating a new career have never been easier and you too can enjoy the many benefits of job freedom.
If you really want to take control of your career (and future), sign up for the FREE, one-week e-mail course I created, Starting a Business for Beginners. You’ll learn everything you need to know about creating your own position so you can say “adios!” to those job search headaches for good!