Are speculative job applications worth the time and effort?

Article by Belinda Fuller

Is a Speculative Job Application Worth the Time and Effort?We believe the answer is definitely YES! Learning how to write an effective speculative job application can certainly pay off – especially if you are seeking to change careers or move up the career ladder. It can demonstrate initiative, keenness and a proactive nature – all great traits for any successful employee.

Speculative job applications are also a great way to put yourself in control of your job application process. We strongly believe if you’re only applying for advertised vacancies, you may be missing out on many other opportunities – as well as making your entire job search process much longer than is necessary.

Sending a speculative job application to a company that is not currently advertising a suitable position can get you and your experience in front of the right person at just the right time, and prevent your application from sitting in the same pile as everyone else’s. But what is the best approach?

Here are our tips for success:

TIP # 1 – Research the company: and how your skills and experience could benefit them. This does take time, but it will pay off. You’ll be able to quickly demonstrate how your background could be of value. In addition, you’ll have a good idea about how good a ‘fit’ you are, which will help you appear more confident if you do achieve that all important one-on-one interview.

TIP # 2 – Strategise: take time to define your offer and why a potential employer might like to meet you. Write down your key skills and strengths and how they fit the company’s goals and objectives. Try to identify benefits or ‘value add’ outcomes that you’ve achieved for other employers and relate that to the company you are approaching.

TIP # 3 – Use Your Networks: you can approach a company cold by sending a letter or email, but a better approach is to leverage your existing network. If you know someone within a company, don’t be afraid to ask them for help in ensuring your application is delivered. Just don’t forget to show your thanks and hopefully repay them with some information or advice in the future.

TIP # 4 – Write: put yourself in the potential employer’s shoes and write based on the ‘what’s in it for me?’ principle. This is an important part of the speculative process because you’re approaching them with no real idea about whether or not there are any relevant current or impending opportunities. Rather than just making statements about who you are or what you offer – provide proof of value or results you’ve achieved in the past. Your speculative application needs to be sufficiently interesting for the potential employer to want to talk to you more. You can only do this by showing them how you’ve achieved certain results or solved specific problems in the past.

Here’s a few tips on how to format your approach:

  • Use a formal letter writing technique – include your name and address details, the date, address the letter to a specific person (not just a title such as ‘Attention HR Manager’) and include their job title, and the company name and address details. End the letter with ‘Yours sincerely’.
  • Open with the reason why you are writing to them – mention what interests you. Explain you are seeking a new role and why you have identified the company as a potential employer.
  • Summarise your experience, skills and areas of expertise including recent achievements or successes (remember the proof mentioned above). Tell the reader why you are interested in exploring employment opportunities with their organisation, what you could bring to the company, and why you feel you’d be a good candidate.
  • Prompt a call to action by telling the reader how to contact you and what they will achieve if you speak further.

Once you’ve written your speculative application, don’t sit back and wait! Follow up with a phone call a few days later. Even if your letter hasn’t been read, this approach could increase your chance of success. Speculative applications are no longer being seen as presumptuous, in fact many employers love them because they save much time with recruitment! So what are you waiting for? 

Would you would like help crafting a speculative cover letter? If so, please see our Resume and Cover Letter Writing Services.