How well do you know what you are up against when it comes to your job search?
Thanks to Jobvite’s recent report: “New Year, New Job: What Job Seekers Need to Know in 2017,” you now have valuable insight into the process of job search and better sense of what your chances are for getting a new job in 2017.
Too often, job seekers make assumptions about job search that are not based on facts or realities.
You will learn that:
- You’ll be interviewing a lot for your next job.
- You’re up against some competition.
- You won’t land every job you interview for.
Understand and apply this information so you have a realistic perspective on your job hunt- AND know what you’ll need to do to stand out.
The Interview Process Takes Longer Than You Expect or Want
I’ve always said this. And data proves it. Employers are putting you through more interviews and that takes time.
From the time you apply to the time you are hired takes an average of 28 days according to Jobvite.
What can you do about this? Nothing. Except you can WOW the interviewer by doing these things.
How Many Applicants Are Competing
You can expect more competition, but exactly how much more?
Some industries have more competition than others.
As you can see, consumer internet is the most competitive, with over 66 applicants per hire. In case you were wondering, consumer internet companies include gaming, apps, e-commerce, search, social media as well as others. You know the big names in these areas (Google, Zappos, Amazon, etc.). The less-sexy insurance industry jobs don’t see the same level of interest with only 14 applicants per hire.
Based on Jobvite’s data, you can expect the competition to look like this:
You have some choices here- prepare to compete or target industries with less competition (when possible).
How Many Applicants Get Interviews
There’s no way every applicant will get an interview. The percent of applicants who are invited for an interview is shown below.
As you can see, some industries are quite selective in how many applicants they invite for an interview. Companies in the media industry only invite 7% of applicants, while educational institutions invite 19%.
The best way to convert your candidacy from the reject pile to a phone interview is to tap an insider. Referred candidates stand a much better chance of getting hired than an unknown candidate. Here’s what you need to know about getting referred.
How Many Inteviewees Get Hired?
Not every interview you go on will transfer into an offer. There are many reasons for this. Sometimes you can influence this, other times you can’t.
The chart below can help you understand your odds of getting hired if you’re going through the interview process. In industries like healthcare, energy, insurance and real estate, you’re odds are pretty good at getting an offer if you’re interviewing well.
Prepare well for your interviews and by all means, avoid making these mistakes.
It is my hope that this information will help you conduct a better job search and land a job faster by doing the right things!