Scott Galloway has urged young job seekers to prioritize real-world relationships, arguing that personal lawyers increasingly determine who gets hired in a crowded job market.
Hiring Flood leaves you with qualified candidates
Professor and entrepreneur Galloway said the traditional job search offers increasingly steep odds as large companies receive overwhelming amounts of applications and rely heavily on internal recommendations.
Speaking on Shane Smith’s Vice News podcast, Galloway described how hiring filters are quickly narrowing the candidate pool.
“Google puts out a job opening and they get 200 resumes in eight minutes,” he said.
“They narrow it down to the 20 most qualified. 70% of the time the person they choose is someone with an in-house attorney.”
Personal networking builds advocates who open doors over time
Galloway encouraged young professionals to build real relationships early on, saying continued goodwill helps people remember and recommend you when opportunities arise.
“You go out, you make friends, you drink, and at every opportunity you can, you help that person,” he said.
Supporting others even when they’re not around can help you turn those relationships into referrals.
He added that workplace presence is still important. “You want to be put in rooms of opportunity when you’re not physically there,” he said, suggesting that remote workers may miss out on social interactions that increase the visibility of their careers.
See also: Tesla’s new battery patent could be a major breakthrough in improving efficiency, even at high temperatures. Will this help Robotaxis’ expansion?
Recruitment freezes, AI causes concerns in the labor market
Previously, job seekers reported that companies had withdrawn offers due to a sudden hiring freeze, leaving many frustrated.
Federal Reserve data showed a slight decline in employment and weaker hiring demand in half of counties as companies halted hiring, relied on turnover and focused on upskilling existing workers.
Layoffs created a surplus of overqualified candidates, while some entry-level positions were replaced by artificial intelligence.
At the same time, a viral chart highlighted a stark contrast: the S&P 500 rose more than 70% since ChatGPT’s debut in November 2022, while job postings fell nearly 30%.
Journalist Derek Thompson noted that the difference was mainly caused by monetary tightening by the Federal Reserve, and not by AI.
Read next:
Disclaimer: This content was produced in part using AI tools and was reviewed and published by Benzinga’s editorial staff.
Photo courtesy: Standret/Shutterstock
#Scott #Galloway #urges #young #job #seekers #prioritize #networking #person #choose #who..