**2009 Job Market Recap**

By Jobtransparency Blog
Published on September 30, 2024
Navigating the Ever-Changing Job Market: Insights from the CareerXroads Study
As a seasoned career coach, I eagerly anticipate the annual CareerXroads Sources of Hire study results. This year's findings validate the advice of experts in the field, offering valuable insights into the turbulent job market of 2009. The study reveals several key trends:
- A significant 51% of full-time positions were filled through internal transfers and promotions, highlighting the importance of building relationships within your current organization.
- Referrals emerged as the top external hiring method, accounting for 26.7% of new hires. This underscores the power of networking and word-of-mouth recommendations.
- Company websites played a crucial role in the hiring process, with 22.3% of hires attributed to this channel. While some may view this as a limitation, I believe it signals a shift towards more proactive job search strategies.
The study's authors suggest that relying on company websites may be a flawed approach, but I argue that it indicates a growing awareness among job seekers that traditional job boards may not be the most effective route. Instead, identifying target employers and taking a targeted approach may be gaining traction. The rise of social media as a job search tool is another promising trend.
I encourage you to delve into the full study and draw your own conclusions. Share your thoughts and let's continue the conversation!
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