President & CEO
Lainie Bennett is President and CEO of Millennium Personnel Corp., an independently owned and operated boutique administrative employment agency.
Year end is usually the slowest hiring season, with many holidays observed within a 2-month span. During this time, not many are thinking about having to review countless resumes and schedule interviews for year-end hiring. Minds are set on attending social gatherings and spending time with family and friends for the holidays. Likewise, CEOs and Executives are traveling this time of year. Thus, hiring managers are less likely to coordinate interviews for job openings until after the new year when everyone is settled back into their roles. Plus, who wants to worry about year-end hiring during this time of year when the holidays bring about their own set of stress!
So, you’ll just put off hiring until after the new year, right? WRONG! Here are the top 5 reasons why you should consider year-end hiring.
1. Get ahead of the hiring boom.
For most people during this time of year, work is an afterthought. So many are focused on celebrating the holidays that work practically comes to a standstill. Because clients are otherwise engaged with holiday activities, you’ll have more time to devote to screening and interviewing. Put yourself ahead of that New Year curve where numerous candidates are frantically applying for work right after the holidays. This way you have early access to applicants and less competition from rival companies in securing the best candidate.
2. Ensure New Hire Productivity and Retention.
The new year is usually one of the most hectic times to train new hires. January usually marks the revamp of a company’s operations. Managers are swamped at this time of year planning budgets, securing new client contracts, and delving into new projects. Bringing new hires into the busiest time of year with little time to train is cause for low job satisfaction, poor performance and premature resignation.
3. Time for onboarding.
Since work seems to die down during the holiday season, it becomes an easier time to interview, hire, and onboard new employees. Your fellow staff members have more time on their hands to help train and integrate new hires. Also, many companies have holiday parties, which give new hires the opportunity to socialize and mingle with staff to feel comfortable and part of the team.
4. Use it or lose it.
Many departments have a use it or lose it budget policy. If employers do not hire by year’s end, they may not be granted the money in the budget come the new year. Therefore, make sure you fill those vacant spots before the end of the year to secure that bag. You do not want to be left out in the cold when you have hiring needs but no funds to employ needed staff.
5. Attend those holiday parties.
Don’t be a scrooge and take advantage of the season of joy and partying. Attend the holiday parties you’ve been invited to and turn them into networking and recruiting opportunities. At these events, you have the opportunity to connect with potential candidates who may not be formally looking for a new work. Additionally, you’ll be able to put the word out that your company is looking to hire (free advertising!). And, in keeping with the season of giving, the party-goers will be sure to spread the word to friends, colleagues and family members who may be on the search.
If you have any questions about hiring, or if we can be a sounding board for your job search inquiries, please contact us at 212-244-2777.