An Insider's Edge More Important Than Ever
A recent study by CareerXroads found that of all the full-time positions filled in 2009, 51 percent came from internal transfers and promotions, up from 39 percent in 2008 and 34 percent in 2007. And of the remaining positions that were filled by outsiders, 27 percent came from referrals.
One executive at a marketing firm with open positions on his team recently told me that he's considering only candidates he knows personally or who come recommended by a trusted colleague. "It's just too much of a risk to bring in someone from the outside," he said. "They might look good on paper and do well in a few interviews, but you really don't know how they'll actually perform on the job once they get here."
Years ago, Liz Lynch ran out of her first networking event after five minutes, but since then has become a top networking strategist, international speaker, coach, and radio show host appearing on CNN, ABC News, Fox Business News, CNBC.com, Forbes.com and in The New York Times, The Wall Street Journal and USAToday. Previously, Liz worked at Goldman Sachs, Disney, and Time Warner, and was most recently vice president of business development and strategy at BusinessWeek. She holds an engineering degree from UC Berkeley and an MBA from Stanford University. For more smart networking tips and resources, visit http://www.SmartNetworking.com.