As a job seeker, you’re most likely spending all your time scouring the Web for employment opportunities. But did you know a majority of openings are never advertised online? Probably not.
I’d also bet you’ve no clue how long most interviews last; how many other candidates are vying for your dream job; or how much money you lose over the course of your career if you never negotiate pay.
The job search process is tricky and trying, and there’s a lot you probably don’t know. However, if you do your research and have the proper information on your side, the outcome should be favorable.
Interview Success Formula, a program that helps job seekers to deliver powerful interview answers, compiled information from various sources, including the Bureau of Labor Statistics, Glassdoor.com, CNN, TheUnderCoverRecruiter.com, and The Wall Street Journal, among others, to uncover facts and figures that may be useful to job seekers.
“Many job seekers want to know, Is what I am experiencing normal?” says Alan Carniol, founder of InterviewSuccessFormula.com. “I think this information can help them to answer that question and feel better about their job search experience. These statistics can also help them to create a job search plan, formulate their interview story, and navigate through the post-interview process more efficiently.”
Here are 7 things InterviewSuccessFomula.com found out about the job search process that you probably didn’t know:
1. There were 3.6 million job openings at the end of 2012. About 80% of available jobs are never advertised.
2. The average number of people who apply for any given job: 118. Twenty-percent of those applicants get an interview.
3. Many companies use talent-management software to screen resumes, weeding out up to 50% of applications before anyone ever looks at a resume or cover letter.
4. On average, interviews last 40 minutes. After that, it usually takes 24 hours to two weeks to hear from the company with their decision.
5. What do employees look for before making an offer? About 36% look for multitasking skills; 31% look for initiative; 21% look for creative thinking; and 12% look for something else in the candidate.
6. In the U.S., 42% of professionals are uncomfortable negotiating salary. By not negotiating, an individual stands to lose more than $500,000 by the time they reach 60.
7. More than half (56%) of all employers reported that a candidate rejected their job offer in 2012.
Why are these statistics and facts so useful and important? - Find out the answers and the complete Forbes article