End of the Year Is Prime for Job Hunting
According to conventional wisdom, there's no worse time to search for a job than when the year is winding down. But sometimes conventional wisdom isn't entirely accurate.
The truth is that the end of the year may be the best time to find a new job. Here are five reasons:
1. You face less competition. Buying into popular theory, many job seekers halt their quests for employment in November and December, choosing to save their efforts for when the calendar changes. But take a glimpse at the want ads, and you'll see that employers haven't stopped looking for talent. With fewer candidates vying for the same number of positions, you may have an edge over the competition, unlike no other time during the year.
2. More employers are hiring. Many firms, especially retail companies, increase their hiring efforts in winter to meet rising demand for their products and services. Even though seasonal jobs are often temporary, many hiring managers view these positions as extended, on-the-job interviews and offer full-time employment to promising hires.
3. Companies have budget surpluses. Some employers hire new workers at the end of the year because they have not yet used all of the funds they set aside earlier for adding new personnel. If the hiring managers don't increase headcount during the final two months, they may lose that portion of their budgets and be unable to bring aboard new employees at all.
4. It may be easier to secure an interview. Things often slow down at the end of the year due to vacations and the winter holidays. As a result, hiring managers may be less busy than usual and have more time to review your resume or call you in for an employment interview.
5. You'll get a jump on things. Even if some firms wait until the beginning of the year to add headcount, that doesn't mean they've stopped collecting resumes and considering candidates. By submitting your application materials now, you'll be first in line when the hiring process gets in full swing again.
As 2008 comes to a close, remember that employers are always on the lookout for strong professionals, especially in fields such as accounting and finance and information technology, where skilled workers are in short supply. That means there's no wrong time to look for your next job, no matter what conventional wisdom says. |
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