A third of Brits make New Year’s resolutions, and while hitting
the gym or kicking that smoking habit to the curb often top the
list, the promise of applying for a new job or pursuing a new
career path is top of many people’s New Year’s Resolution wish
lists. But which month actually gives your candidates the best
chance of success?
To put this to the test, job search platform Joblift has
calculated the difference between demand and supply for jobs
each month in 2017. Interestingly, Joblift’s research shows
that despite many people thinking that the Christmas period
sees a lull on the job market, the festive month is the second
best time to apply for a position.
So many candidates, so little jobs!
The outlook for January job seekers is grim. The month saw the
highest demand for positions with a number of applicants far
outnumbers the quantity of job postings recorded. 8.23% of the
year’s vacancies were posted in January, while 9.73% of the
year’s searches from prospective employees were conducted,
making it a minus 1.5% difference. February didn’t fare much
better, with open positions (7.79%) lagging behind the number
of online searches (9.22%) by minus 1.43 percentage points.
While the numbers aren’t quite so harsh for March, with minus
0.07% in the company’s favor, April was the third worst month
of the year with a negative 0.57% divide between vacancies and
searches. The first four months of the year all saw job
searches outnumber the vacancies posted to Joblift.
As the weather improves and the spring showers recede, the
numbers flip and start to favor prospective applicants. May is
the first month of the year where the vacancies outnumber those
searching for jobs online, with 8.8% of the year’s listings
receiving 8.28% of 2017’s job searches, making it a plus 0.52%
The best applications come in the summer
Looking at all 12 months last year, the best time to apply for
a new role is in June. The summer month saw the number of
vacancies posted online (10.47%) outnumbering the number of
users searching for vacancies (8.90%) by 1.57 percentage
points. This means that June will give candidates the best
selection of job vacancies while also seeing a comparatively
low level of competition from other applicants. This plus 1.57%
difference in favor of the applicants almost perfectly mirrors
the minus 1.5% in January, making it clear that the summer
months are the time to start the job search. The numbers
decline in July and August but still favor job seekers, with a
plus 0.4% difference for both months.
Perhaps most surprisingly, despite the assumption that December
sees very little action on the job market, it was actually the
second best month to submit an application in 2017. While it’s
true that the Christmas month saw the lowest number of
vacancies advertised (6.12%), the open positions outnumbered
online searches for vacancies (5.07%) by 1.05 percentage
points. Similarly, November ranked as the third best month to
apply, as lower searches (7.35%) again meant that supply was
0.86 percentage points higher than demand on the UK job market
(8.21%). Therefore, while you’re preparing for the Christmas
period, maybe keep an eye out for new job openings!
So, there you have it! With a bit of foresight and planning,
anticipating the post-holiday job search rush could put job
seekers in a far more favorable landscape before the snow
starts falling and champagne corks start flying. Recommend your
candidates to wait until June to give their applications the
best chance of success and don’t ignore the opportunity that
comes with the festive season.
About the author: Lukas Erlebach is the CEO Joblift, a job
platform providing candidates with the most intuitive and
frictionless experience during the recruiting process.