LinkedIn is one of my favorite job hunting sites. The reason for this is simple: I got my current job through LinkedIn. Also, I like to go on job interviews at least once a year. I do this to polish my interviewing skills and to gauge the market to see what I’m really worth. It’s an excellent resource for finding opportunities that aren’t necessarily posted on the average job board.
I really encourage everyone to do this! If you don’t go on interviews, how can you truly know if you are underpaid, overpaid or average in your industry? Furthermore, when you get job offers, you can use that to negotiate a higher salary with your current employer (assuming the offer is competitive… more on this later) or you can accept it and move on.
Not only did I get my current job through it, I have also received two other job offers since then from different companies. In one instance, I reached out to a bank I was interested in by applying to the job opening with my premium account. I then sent the recruiter an InMail to further express my interests.
After about 4 months (I know… it took a while), they got back to me for an interview. In the end, they offered me the job. I ended up declining because the company I am working for gave me an offer the bank couldn’t match (long story short, corporate banks have internal salary caps for certain positions).
The second job offer happened when I was no longer a premium LinkedIn account member
I only activate the premium account when I am actively searching for a job (this happens once a year for a period of about 3 months). They reached out to me via LinkedIn and said they had a job opportunity for me and asked if I was open to exploring it.
I agreed, of course, because I have nothing to lose from exploring a job opportunity, but plenty to gain from it.
Tip of the day: If a recruiter reaches out to you for a potential job, always accept the interview. If you think that it isn’t for you, take it anyway and further confirm your opinions during the interview process. I’ve had companies reach out to me as a potential candidate and at first didn’t feel thrilled about the positions. However, I ended up giving them more serious consideration after learning more. I filter out the offers to interview by letting the recruiter know where my salary is at the moment so they understand that I don’t plan on taking a salary cut. I do this because I am not in need of a new job and can afford to be picky. Recruiters don’t mind because they know exactly where they stand with me since they were the ones who reached out to begin with. If you can’t afford to be picky or are jobless, then DON’T BE PICKY!
With this second job offer (which happened to be at another bank), it was roughly the same pay but had a lot of upward mobility. I was going to move into a more senior role and start up a new line of business.
I ended up declining because of the timing
First and foremost, I felt that leaving my current job would have been premature because there is still a lot I can learn from my employer. Secondly, my then fiance and I were planning a wedding and the company was taking an incredibly long time finalizing everything, and was stringing me along in a sense. We would have had to relocate (a BIG move) had I taken the job and we weren’t in a position for our personal lives to be teetering on their extended timeline.
That said, as you can see, LinkedIn has treated me well which is why I am an advocate (unpaid of course). Plainly put, I have had great luck with it. My friends have all had similarly positive experiences with it as well. Two of them just got new jobs in the last 6 months through LinkedIn.
Disclaimer: LinkedIn does not pay me or offer me any financial perks to write this article. This is strictly information for my readers to learn from. Although, I suppose you can say they pay me indirectly since the job I am now working was found through LinkedIn, and was a big step up from my job straight out of university.
What is a LinkedIn premium account?
If you are unfamiliar with LinkedIn, let me break it down for you. A premium account is a paid account. See below for current prices:
I always choose the monthly plan over the annual plan because I never keep the subscription for the full year. As mentioned before, I usually job search for about 3 months. After 3 months and an interview or two, I downgrade to the free account. I switch to the premium account mainly for the InMail feature.
This feature allows me to reach out to the recruiter in a personal message once I have applied. I do this in hopes of feeding their curiosity so that they will take a look at my profile or pull up my resume. Recently, I noticed that users do not have unlimited abilities to send out InMail… rather, you are allotted a certain amount. This is what my settings currently show:
So, it looks like in about 5 days, I will have 14 credits. I did a little research and found that the InMail credits depend on your subscription type. If you have a Premium Career subscription and you run out of InMail credits, you can also purchase up to 10 additional credits which cost $10 each. Furthermore, you can upgrade to a more premium account which will also increase your credits.
Increasing Monthly InMail Credits
LinkedIn offers an increase in monthly InMail credits for some subscriptions as seen below:
- Business: 3 to 5
- Premium Business: 10 to 15
- Executive: 25 to 30
- Sales Navigator Basic: 5 to 8
- Sales Navigator Pro: 10 to 15
- Sales Navigator Team: 25 to 30
- Recruiter Lite: 25 to 30
- Recruiter Professional Services: 50 to 100
- Recruiter Corporate: 50 to 150
Resource link: InMail Crediting and Renewal Process
Sending one email on LinkedIn costs one credit however, if you get a response, you receive back that credit. So, I suggest following the 6 tips below to help increase your probability of a response. There is no reason for you to be paying for more credits. I have personally never needed to.
Six LinkedIn Tips for Writing InMail
I found this useful resource on LinkedIn called Tips for Writing InMails to Increase Your Response Rates. Make sure you check it out before sending an InMail. I hadn’t seen these tips before writing this article but I was practicing them unknowingly. Below are the key points:
- Design your InMail as a conversation starter
- Adopt a conversational, enthusiastic tone
- Be brief and to the point
- Focus on finding out their availability and interest in a job or networking opportunity
- Don’t cut and paste the job description or URL to the job post
- Give them reason to reply by asking for advice, opinions, referrals
I don’t like to reinvent the wheel so if you want more details on those 6 LinkedIn tips, visit their site by clicking the resource link I gave above.
At the time of this publication, you can accumulate InMail credits month to month however, they expire after 90 days (bummer… I know!). You also have 90 days to get a response back from a sent InMail before you can lose that credit for good.
What is the LinkedIn “Feature My Application” selection?
The LinkedIn premium account has other advantages as well, such as the option to choose “feature my application” when applying for a job. This functionality features you at the top of the applicants list and helps you stand out if there is a large pool.
Read more about this feature straight from LinkedIn by clicking here.
The other feature that I really like is that it allows you to see the potential salary for the position as well as how many people applied, their education level, their location, and where you would rank among the applicants if you were to apply. I only apply if the job ranks me in the top 10% of applicants. The way LinkedIn determines this is based on your relevant work experiences that you specified in your profile.
With that said, I don’t think LinkedIn is expensive, especially when you factor in how easy they make it to get an interview. The only thing they don’t do is the actual interview. So, make sure you prepare properly. Dress well, research the company you are interviewing for, come up with a list of questions to ask the person interviewing you and most importantly, impress them!
Now, if only Facebook did the same thing, then I would have a second easy platform to apply for jobs. LinkedIn has really made the job application process easy for us millennials. The only thing standing between you and your next dream job is yourself. Don’t forget to subscribe to The Millennial Bull for more awesome posts!
The shortcut to financial freedom is hard work, determination and perseverance!