When you are looking for a job you are going to need all the help and support you can get. Apart from turning to the closest people within your circle for networking, you also need to become an expert at job hunting and learn everything there is to know about the hiring process. To help you out, this article presents an essential glossary every jobseeker should read to make the most of the job search and ultimately boost their chances of success.
The glossary should help you be aware of what’s going on at any point in your job search and let you know you exactly what employers need from you. It explains some common words that are used in recruiting and can help you become better at managing your career. Check it out.
See Also: 7 Common Mistakes Jobseekers Make
Applying For Jobs
Relevant Experience: when employers ask for ‘relevant experience’ it means they want to know what jobs you’ve had that are similar to the one you are applying for. Even if your previous jobs aren’t directly relevant, you can make them by explaining the skills you have acquired and how these can make you a better fit to the position.
Cold Call: this is the approach a jobseeker follows when contacting an employer who has not publicly announced any job opening. Cold calling or uninvited job hunting is a great method of searching for a job considering that the majority of jobs are never advertised. You can cold call an employer by sending out a letter of interest or cover letter.
Counter Offer/Counter Proposal: this is a salary negotiation technique that is used by jobseekers when a jobs salary is not acceptable. When this happens almost all elements of a job offer are negotiable including the salary, benefits, moving/commuting expenses and other perks.
Employment Gaps: these are the periods of unemployment when you found yourself between jobs. Employment gaps should be avoided on your resume because you risk of giving employers a negative impression.
Compensation Package: the compensation package includes salary information – how much you will be earning and lists any other benefits you are entitled once you are hired for the job such as health insurance, vacation days, bonuses.
Overqualified: you may be overqualified when your work experience is more than employers are asking for the role. When this happens employers may choose to hire another candidate with less experience than you so that they can pay him less.
Underemployed: you are underemployed when you are not working full time for a job that matches your education, experience and qualifications. You could be working part-time in a low-level position that requires less experience and skills than you have.
Follow Up: Follow Up: a stage of job hunting that is neglected by most jobseekers. To be proactive you need to contact employers after you have submitted your resume and after you have completed the job interview. Usually a thank-you letter is a good way to show employers you are interested in the job and it can also help you stand out.
Elevator Speech: A 15 to 30-second brief message or “commercial” that explains who you are, what you are looking for and how you can help the company you are targeting. This is another job hunting technique that’s ideal in networking events and job interviews.
Hidden Job Market: the hidden job market refers to the job opportunities which can’t easily be found because they aren’t yet advertised – and may never be. Most of jobs in the ‘closed’ market are landed through networking and cold calling.
Letter of Recommendation: some employers ask for a letter of recommendation which is a work-related letter coming from a former or current manager, coworker, tutor or teacher who can speak highly of you.
Job Clubs: these are networking clubs or job-finding clubs that help you expand your network of contacts. They also serve as support groups that can help you out whenever job hunting gets really tough.
Social Networking: social networking refers to using social media channels such as Facebook, LinkedIn and Twitter to find a job. Even though there are now job adverts on social media, social networking is probably most useful in expanding your social circle and as such increasing your opportunities to get found for the right opportunity.
See Also: 10 Secrets of Successful Jobseekers
If you studied this glossary, you can be more confident in your job search. Next time an employer says you are ‘overqualified’, you will know what it means and can argue your case more effectively. Are there any other terms or phrases you aren’t familiar with and need help understanding? Let me know in the comments section below…