Annual Hiring Trends - Copeland Coaching

Annual Hiring Trends You may be wondering if you have missed your chance to get a new job. After all, you had a new years resolution to job search. And, you just didnt get around to it. Or, maybe you did try, but it didnt work out the way you were expecting. Well, I have some good news for you. Youre not out yet! Theres still time to get hired in 2019. Every month, LinkedIn puts out this really helpful report. Its one that I follow each month. Its called the LinkedIn Workforce report. If you havent seen it, try Googling it. Youll find the latest report right away. The report shares hiring trends for the U.S. And, it dives into trends in the top markets across the country. In those top markets, it shares which skills are needed, and which skills that city has more than enough of. But, one of the most interesting pieces of the reports comes in the form of a simple graph. Theres a graph that shows the rate of hiring on LinkedIn in the United States. LinkedIn calculates the hiring rate by looking at the number of LinkedIn members who added a new employer to their profile in the same month the new job began, and dividing it by the total number of LinkedIn members in the U.S. Like any self-reported information, Im certain the data behind this graph isnt without flaws. But, its a very helpful peek into the hiring world. One thing you notice right away is that hiring is seasonal. There are peaks and valleys on the graph each year. And, they line up very closely with peaks and valleys from the year before. Looking at the year from start to finish, this is what youll notice. January starts off strong. Then, it drops quite a bit after January. Then, the rate goes higher and higher through June. In June, hiring is actually slightly higher than in January. May college graduation likely factors into this. That brings us to July. In July, hiring is a little less than in June. But, its still at a good spot. And, it goes up in August. August hiring rates arent quite as high as January or June, but they are actually quite high overall. From September to December, hiring rates will slowly fall. December is the lowest point in the year. One thing that likely influences the July, August, and September hiring numbers are fiscal years. Very often, hiring lines up to when a new year begins. Companies will hold off on hiring until the clock flips to January 1st, for example. But, many companies actually have a fiscal year that begins in July. That means, some companies will post new jobs in July for the first time. If youre thinking of finding a new job, theres still time! But, get moving before we get too far into the year. I hope these tips have helped you. Visit CopelandCoaching.com to find more tips to improve your job search. If I can be of assistance to you, don’t hesitate to reach out to me here. Also, be sure to subscribe to my Copeland Coaching Podcast on Apple Podcasts or Stitcher where I discuss career advice every Tuesday! If youve already heard the podcast and enjoy it, please consider leaving a review in iTunes or Stitcher. Happy hunting! Angela Copeland @CopelandCoach