Companies leverage the hidden job market for several reasons:
Cost-Effectiveness: Advertising job openings and conducting extensive recruitment processes can be costly. By relying on internal and networked candidates, companies can reduce these expenses. Time Efficiency: The hiring process can be accelerated by considering candidates who are already known to the company or come highly recommended. Risk Mitigation: Hiring through trusted networks or promoting from within can reduce the risk of a bad hire as these candidates are often better understood and vetted.