News: July is the best time of the year to look for a job

Recruitment

July is the best time of the year to look for a job

When should you focus your job search efforts? Is there a specific hiring season? Read on to know more.
July is the best time of the year to look for a job

According to the data shared by employment search engine, Indeed there is an increase in the number of job postings soon after the close of the annual appraisal season, in July and August. During this period, job postings are seen to increase by around 10 percent.

The data collected from January 2016 - January 2018  also revealed that job seekers are most active in searching for work opportunities immediately after their appraisals, in May and June, when search activity sees a spike of close to 10 percent. Job postings, however, see a hiatus during April and May when appraisals are underway.

Sashi Kumar, Managing Director, Indeed India, shares with People Matters saying, “Performance appraisals allow employees to reflect on their current career progression, which is often a trigger for them to decide to change jobs in search of better growth prospects." He further adds that searching for new opportunities immediately after appraisals might not yield very fruitful results for job seekers, as recruiters usually wait for a couple of months before putting out available openings.

The data also showed that while job searches are seen to rise on Mondays with 16 percent of all searches happening on this day of the week. However, the analysis suggested that job postings typically peak on Wednesdays, which makes Thursdays the best day to search and apply for new jobs.

The data from Indeed also indicated that the highest number of job postings appear around 11.30 am and 2.30 pm on average. Coincidentally, the most search activity by job seekers also occurs between 1.30 and 2.30 pm, increasing a job seeker’s chances of coming across a newly opened vacancy.

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Topics: Recruitment

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