As the mortgage industry is experiencing a massive surge of layoffs due to rising interest rates and reduced mortgage activity, industry professionals may be finding themselves having to unexpectedly dust off their resumes and begin the search for new job opportunities. While an unfortunate and frustrating reality for so many, one of the first things professionals on the hunt for a new job are probably thinking is where the heck do I start? Before exhausting online job boards and putting hours into applications, job seekers should start closer to home. Believe it or not, the best chance of finding your next job is probably hiding within your own professional network.
Networking For Your Next Opportunity
You may not want to believe the phrase, “It’s not what you know, but who you know” but it really has a lot of truth to it and there are some serious stats to prove it. According to Hubspot, “85% of jobs are filled through networking” and according to CNBC, “70% of jobs are never published publicly.”
While these stats may be slightly infuriating because it means you may never even see a job opportunity that could be perfect for you, it also means that on the flip slide, by utilizing your own professional network, you may have access to “exclusive” opportunities and land the perfect job that isn’t available to a wider audience. This means less competition from other candidates and ultimately being able to find a role that could be the right fit for your skill set.
So, with all this untapped potential lurking in your own network, what is the best way to reach those key contacts? Of course you want to reach out to close professional contacts, but for those individuals that are within your circle, but you are not as closely connected with, that’s where LinkedIn can be a gold mine of opportunity.