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According to the U.S. Bureau of Labor Statistics, around 70% of new opportunities are found via networking. This is why employee referral programs are a strong recruiting source. Many companies post open positions internally before going to the outside, turning to the power of their existing workforce’s networks.
Even if you’re not looking for a new opportunity, building professional relationships through networking is still a valuable activity. Networking can help us build confidence, boost our communication skills, market ourselves or our business, and learn new things.
However, networking can often conjure up images of awkward handshakes