Treasurer SpotlightCareer MovesLooking for a job? It’s more likely to look for you

Looking for a job? It’s more likely to look for you

Three-quarters of American job switchers don’t find their new role, it finds them, according to a new study by the Federal Bank Reserve of San Francisco.

Three-quarters of American job switchers don’t find their new role, it finds them, according to a new study by the Federal Bank Reserve of San Francisco.

Rather than going through the standard search-and-apply protocol, the majority of new hires seem to find their way in through professional networks, word-of-mouth referrals or after being approached by headhunters.

Less than 25% of people in employment when they switched actively looked for jobs and even two-thirds of the unemployed relied on “informal contacts” to land their new role.

While this might be good news for people who hate trawling through job ads, it can be disheartening for those that are new the industry or don’t have a strong network of contacts.

That said, if you’re anxious to make the leap and no obvious leg-up presents itself, you still need to be looking for a job. The study found that people who actively searched were 10 times more likely to find work than those that didn’t.

Related Articles

Finastra hires CRO from Black Knight Financial Services

Career Moves Finastra hires CRO from Black Knight Financial Services

1d The Global Treasurer
Crown Agents Bank appoints Richard Weald as CTO

Career Moves Crown Agents Bank appoints Richard Weald as CTO

5d Laura Noble
Abiomed to appoint Todd A. Trapp as CFO

Career Moves Abiomed to appoint Todd A. Trapp as CFO

1m The Global Treasurer
PJSC "Magnit" announces CFO appointment

Career Moves PJSC "Magnit" announces CFO appointment

1m The Global Treasurer
Investcorp appoints Jan Erik Back as CFO

Career Moves Investcorp appoints Jan Erik Back as CFO

1m The Global Treasurer
3M names Sarah Grauze treasurer and vice president of finance

Career Moves 3M names Sarah Grauze treasurer and vice president of finance

1m Victoria Beckett
NPSO appoint chief risk officer

Career Moves NPSO appoint chief risk officer

2m GTNews
Aon UK confirms the appointment of Matt Kimber as chief risk officer

Career Moves Aon UK confirms the appointment of Matt Kimber as chief risk officer

2m Victoria Beckett