The Power of Networking
Vaclav Koranda, SHRM-SCP
CHRO of the Year | Influential HR Leader | Adjunct Professor | Professional Speaker | Coach | Trainer | Book Author
Do you hate spending hours scrolling through job boards, sending application after application, and anxiously waiting to hear back? Wouldn’t it be wonderful if headhunters and recruiters were reaching out to you instead? Of course, it would! While many people believe that luck plays the main role in getting noticed, the reality is that actively building and leveraging your personal network can make this scenario much more tangible. Networking is a key strategy for career advancement, and it can significantly increase your chances of landing the right job, especially in today’s competitive job market. It can work wonders for senior-level professionals and managers, but it benefits everyone regardless of career stage.
A Message from The Introverted Networker
Introverts often face unique challenges when it comes to networking, as traditional networking techniques can feel draining or even intimidating. That's why you will love ‘The Introverted Networker’. It's a weekly newsletter that shares networking tips for introverts. Join more than 2,000 introverts who subscribe. Join for free here: https://theintrovertednetworker.substack.com/
The Fundamentals of Networking
At its core, networking is about forming and nurturing relationships. It actually starts in early childhood because every human interaction is a potential networking opportunity. Throughout our lives, we meet diverse individuals and naturally—consciously or unconsciously—build a network of acquaintances: people we know, who know us, and with whom we share certain things in common, such as values, interests, goals, or just memories. Therefore, every adult’s network would typically include:
Whilst the above can be a good start, if you want to leverage your network and turn it into a powerful resource for both personal and professional growth, you will need a bit more than just a collection of more or less random contacts.
Networking is a Marathon, Not a Sprint
Building a useful network doesn’t happen by accident—it’s a long-term process that requires consistency and effort. Think of networking as a marathon rather than a sprint. You’ll need to invest time and energy into fostering relationships before you start to see returns. There are several ways to grow and nurture your network:
Effective Communication: Listening is Key
In the excitement of making new connections, it can be tempting to focus on talking about yourself. However, effective networking is much more about listening than it is about speaking. Cultivate good listening skills by maintaining eye contact, paying attention to what the other person is saying, and asking relevant, insightful questions. These small gestures convey genuine interest, making your interactions more memorable.
When you do share information about yourself, keep it brief and ensure it’s relevant to the conversation. Then, shift the focus back to the other person to keep them engaged. By showing that you’re attentive and interested in their experiences or challenges, you’re more likely to create meaningful connections. People appreciate feeling heard and understood, which builds rapport more effectively than dominating the conversation.
Giving Before Receiving: The Phenomenon of Reciprocity
A crucial aspect of effective networking is understanding that it's not about what you can get—at least not initially. Reciprocity is a foundational concept in networking, where individuals feel compelled to return favors or support. When you offer assistance, share resources, or provide insights, you create a sense of indebtedness in others, prompting them to reciprocate in the future. This mutual exchange strengthens relationships and fosters a sense of community.
The best way to leverage this phenomenon is to learn about other people’s issues and then find ways to be of service. This might involve sharing valuable information, making introductions, or offering your expertise when it's needed. By positioning yourself as a resource, you cultivate goodwill and create a foundation of reciprocity. When you give generously to your network, people are more likely to reciprocate and think of you when an opportunity arises.
For example, if you meet someone who is looking for advice on a project similar to one you've worked on, share your insights. If you encounter someone who is trying to break into your industry, offer to introduce them to relevant contacts. These acts of goodwill don't just help others—they also strengthen your reputation as a valuable and generous professional.
Acknowledging that networking is a two-way street encourages individuals to contribute genuinely, knowing that their efforts will be rewarded over time.
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Trust: The Cornerstone of Lasting Relationships
Trust plays a pivotal role in successful networking. Building trust requires consistent and authentic interactions, as well as reliability in your commitments. People are more likely to connect and collaborate when they believe in your integrity and intentions. To establish trust, it’s essential to be transparent about your goals and to follow through on promises. Cultivating an environment of trust encourages open communication, which is vital for effective networking.
As mutual trust develops, acquaintances can evolve into true friendships, making these connections your most valuable.
Networking as a Job-Search Strategy
When searching for a job, your network can provide valuable insights into companies and industries, job opportunities, and referrals. It can also grant access to the so-called “hidden job market”—vacancies that exist but are never publicly advertised. Some would-be ‘career experts’ claim that as many as 70-80% of job openings aren’t posted anywhere, but I must debunk this as a myth. My realistic guess is that the actual figure is around 10%. Most companies follow formal hiring policies that require vacancies to be posted both internally and externally, often as a matter of compliance or to promote transparency. For larger organizations, this practice is quite common, particularly in publicly traded companies, highly regulated industries, or companies with robust HR policies. Posting roles internally gives existing employees a chance to apply and potentially advance within the organization, while external postings aim to attract a broader pool of candidates.
However, even when positions are publicly advertised, networking can still play a significant role in the hiring process. Recommendations and referrals from within the company can give a candidate a substantial advantage. Additionally, if a hiring manager knows someone in their network who can demonstrably add value to the team and organization, it can stimulate the creation of a vacancy that might not otherwise exist.
Your network can also help you gain insights about company cultures, industry trends, and career paths. Speaking with peers in your network can give you a realistic picture of what it’s like to work at a specific organization or in a certain role. This information can help you make informed career decisions, allowing you to focus your efforts on roles and companies that align with your values and goals.
Leveraging Your Network for Career Advancement
While building a network is important, it’s equally important to know how to leverage it effectively. When you're actively looking for a new opportunity, let your contacts know. There’s no need to broadcast a job search publicly, but you can discreetly reach out to trusted individuals who may be able to assist. Here are some practical steps to leverage your network:
Are You an Introvert?
Introverts and networking can often seem like an oxymoron, but with the right approach, introverts can effectively navigate networking events and build meaningful connections. That's why I love ‘The Introverted Networker’. It's a weekly newsletter that shares networking tips for introverts. Join more than 2,000 introverts who subscribe. Join for free here: https://theintrovertednetworker.substack.com/
Conclusion
Networking isn't just a job-search strategy—it’s a career-long approach to personal and professional development. By consistently building and nurturing your network, you can unlock a wealth of opportunities and career resources that might otherwise remain hidden. The process may take time, but the benefits are well worth the effort. Whether you’re just starting out in your career or are an established professional, the power of networking can help you move from reactive job searching to proactive career management. Don’t wait for the perfect opportunity to come to you; create it by investing in your network today.
Good luck!
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