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We’re seeing a definite impact from the Great Resignation in Australia now. Lots of people are quitting or considering leaving their jobs - so is now the time to hire? Should we have started hiring a month ago for Christmas? Or maybe the new year is the best time to hire permanent employees? In today’s blog we’re going to dive into the best time to hire new employees.
In industries such as retail and hospitality that get very busy over the holiday season, hiring tends to ramp up towards the end of the year in preparation. Christmas hiring tends to start in September/October. Of course, this type of hiring all depends on the type of employee you are looking for. Most commonly, seasonal hiring is just for casual positions, so if you’re looking for a full-time or permanent employee, maybe the Christmas season isn’t the best time to hire.
As the financial year comes to a close, this may mean hiring begins. Revised budgets and the fresh financial year can often be the best opportunity to consider hiring and restructuring employment. Hiring at the end of the financial year is heavily dependent on industry (i.e. white collar industries such as finance and tech), but again, generally speaking, the end of financial year is a significant time of year for all companies and can be the perfect time to consider hiring.
The beginning of the new year proves time and time again to be one of the best times of year to hire. This is for a couple of reasons:
From reading this article, you may have come to the same conclusion as I have: that hiring is heavily dependent on industry, employment type and season. This article may help you adjust your hiring strategy, but you also have to consider the extenuating circumstances that arise that may change everything. For example, the current situation. We are seeing a huge uptick in employees leaving their jobs and applying for new ones and that does have a lot to do with the pandemic. We can’t predict everything and we certainly can’t predict the strange situations that arise (just like the pandemic) that throw hiring all out of whack. However, there are a lot of general rules for all workplaces and that are industry specific that can help us decide when to hire.