Bangalore-based social referral hiring application, WhistleTalk, said that many job openings do not reach the most relevant candidates and so companies end up hiring candidates who are a sub-optional fit. As a result, best candidates miss out on good career opportunities.
According to its findings, this is a global phenomenon known as ‘hidden jobs’ –– jobs that don’t make it on the public domain or jobs that don’t reach relevant candidates. As much as 83% of job openings are hidden, it said.
WhistleTalk said that hidden jobs existed due to various reasons. These include high cost of posting jobs on public job boards, newspapers and social media. Shrinking recruitment budgets force organisations to reduce the number of jobs that they advertise, it said.
The career page of company websites is used by organisations to post jobs. While a less costly alternative, it is an ineffective way to reach job seekers who find it time consuming and cumbersome to keep track of multiple company career pages, it added.
“Anybody can verify the existence of hidden jobs. Check how many jobs openings in your company are publicly available. Don’t be surprised if more than three-fourths are not. This is true for companies worldwide. Our findings show that 83% of all job openings remain hidden,” Vinoo Chacko, chief executive officer of WhistleTalk, said in a release.
Stating that insight into this global phenomenon has led WhistleTalk to conceive a collaborative solution where individuals can together eliminate hidden jobs, he said the solution was based on the simple idea of collaboration.
“You share hidden jobs in your company, your friends share hidden jobs in their companies, and you and your friends along with 1000s of others enjoy an expanded career horizon,” Chacko added.
