Ghost Jobs are flooding the hiring market... and here’s everything that you need to know to safeguard yourself from it...
Ghost Jobs are postings made on hiring websites by companies for roles that don’t even exist - so no matter how many people apply, no one is getting the job.
But why would companies do this?
As much as 43% of Hiring Managers have agreed to doing this for three reasons:
1/ To create the perception that the company is growing... and is likely a suggestion from the Marketing Department as a way to get the word out about the company on maximum digital platforms
2/ To send a signal to the existing employees that the company is trying to hire more people for their team so that their burden is reduced with additional resources - but deciding not to hire anyone for real
3/ To give candidates small tasks as part of the selection process - getting the work done as part of the test, but not hiring them thereafter.
Clearly, companies doing this are looking at the short term benefit not realizing that the hit to their credibility in the long term will be something they may not be able to recover from.
Job portals should require multiple credibility checks on companies to show conversion rates of previous postings, validation of the role by a certain number of employees, and reviews of candidates who applied for the role.
As a company, before you do any action, think whether the decision is short term or long term.
More often than not, short term benefits that seem to show immediate ROI with vague or negative impacts in the long term - must not be done.
In business, credibility and trust trumps skill and position. Always.
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A Chartered Accountant with about 10 years of experience in areas of Tax Advisory, Startup Consulting, Fundraising, Audits, Deal Advisory, Business Modelling and contract CFO services.
Winner of the ISB Young Leader Award 2017 and the Best All Rounder, PGP Class of '17, Sarthak has also been published about in the leading financial newspapers such as The Financial Express as possibly the youngest Indian to have completed the courses of CA, CS and CMA along with a graduate degree in Financial & Investment Analysis from University of Delhi, all by the age of 23 years.
Sarthak Ahuja