Networking is the key to a successful job search: report

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November 15, 2011

Networking is the key to a successful job search: report

Filed under: Job Search — admin @ 2:23 pm

A KDI report suggests up to 60% of successful job searches in South Korea relied upon human networking

By Ryu Yi-geun for job search

 

A KDI report suggests up to 60% of successful job searches in South Korea relied upon human networking

A report by the Korea Development Institute (KDI) contains findings that human networks are the decisive factor in a successful job hunt in South Korea.

KDI researcher Kim Young-chul stated in his report titled “Assessment on Dependency of Human Networks During Job Searches” released on Nov. 14, “56.4% of the job hunters rely on human networks to acquire jobs during job searches.” He also added, “This is only a minimum prediction, and the actual reliance could be up to 60%.”

This research was based on an analysis of data collected by Korea Labor Panel over five years, from 2003 to 2007, of 6,165 people and their method used for acquiring jobs.

Of the variety of human networks, friends and families took up largest part in the percentage of group of human networks that were used, with approximately 36.9%. This was followed by individuals from prior work places (7.9%) and next by acquaintances at the place where one wishes to work (7.8%). Also, reliance on human networks in job hunting was approximately 50% higher in the case of experienced workers than in the case of first-time job hunters.

At small businesses with less than 30 employees, approximately 70% of the employees were hired with recommendations.

In addition, dependency on networking was higher in the case of part-time workers than that of full-time workers, and men tended to have more dependence on human networks than that of women. But, employment through process of open recruitment was only 25% of the number of people employed through recommendations. Different from general public’s knowledge, even at large corporations with more than 500 employees, 47% of the employees were employed through recommendations, a much higher percentage than that of open recruitment (32%).

Kim said, “The reason behind high dependency on human networks is the absence of social capital such as lack of social infrastructure related to employment services, social trust, and other factors that culminated together.” For job search.

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