By James Hu
In the last quarter of the year, employers are finished with their summer holidays and start hiring more employees to meet year-end objectives. So, in preparation for your fall job search, here’s what you need to know to be the most productive.
Mid-August through October are the best months for hiring. Departments want to hire using the rest of the remaining budget through this fourth quarter. If they don’t hire by January, they might risk losing funds for new employees. Summer is over, so it’s time to refocus and recommit to the company.
One of the ways to pinpoint recruiting trends is by considering what else might be going on in your employer’s world – busy season, the start of school, economic downturns – to determine a plan for your fall job search. Always conduct market research in the industry you want to work in – and consult the Bureau of Labor Statistics for more information – so you can really understand all the facets required in your fall job search.
Industries that want to grab new graduates who have just finished their summer internships often hire in the fall. For example, newly-minted doctors, nurses, and other healthcare professionals who have finished their training are often hired to begin in the fall quarter. Law students are also often hired in the fall, with more than 95% of summer associates receiving a job offer in 2015.
Other sectors ramp up hiring for their busy seasons. For example, educational institutions begin in the fall, so they hire more educators, staff, and administrators during this period.
Additionally, financial institutions often hire during this period so they can reduce their search fees at the end of the year to pay fewer taxes. According to the BLS, the fourth quarter of 2015 saw the greatest number of employees hired in the financial sector out of any time of the year.
The number one reason that employees leave their positions? They don’t receive either cost-of-living or merit-based raises. Fall is when many employees for whom this is a concern sever their ties since companies are often working out next year’s pay in the fourth quarter.
By November, the holiday season is back in full swing, with Thanksgiving travel coming at the end of the month. So the early months of autumn are the best time to focus on your fall job search. In late fall, some companies focus on next year’s holidays, rather than continuing to think about the current year’s trends. If you’ve submitted a resume or had an interview right before this busy time, too, you might have to wait until the holidays are over in January before hiring ramps back up.
Additionally, the average job search takes around six weeks from start to finish, with people looking to fill higher-level positions taking closer to three months. Depending on when you start applying, your job search could take you all the way through fall – especially if you apply during these peak holiday times.
Employers want to hire candidates who best meet their needs. So, if you want to get hired this fall, focus on selling your strengths. Choose the kind of resume format that best fits the skills and work history you want to discuss. Next, craft an objective statement that summarizes who you are and what you could be to a company quickly and succinctly.
There might be certain hiring trends in the fall job search, but it’s important to remember that each employer – and each position – is unique. You should tailor your cover letter and resume to the needs of the employer to make the most of your job search in the fall.
Demonstrate that you fit the employer’s needs by scanning your resume through Jobscan. Jobscan matches keywords used in the job description to make sure your resume makes it through the applicant tracking system (ATS). ATS makes sure that an applicant is right for a position – but optimizing your resume also makes sure that the hiring manager can see you’re a strong fit.