Why It’s A Smart And Effective Strategy To Interview In August. Good News -Bad News. MUst REad!
Chris G. Laughter
VP Client Services at First Sun Consulting, LLC- Outplacement Services
August is one of slowest months for hiring and at the same time a good time to search for a great new job as there will be less competition and you can stand out.
August is traditionally one of the slowest months for hiring. The slowdown is comparable to the December holiday season. The major reason for the usual lull in the hiring process is that August is the last chance to take a summer vacation. Most families take time off around Christmas, Hanukkah and during the summer months, especially August.
A new vibe sets in toward the unofficial last month of the summer. Three-day weekends, summer Fridays and mentally checking out of work are commonly accepted practices. It's an unwritten rule that this is the prime time for families to take their long-awaited trips to Disney, visit family, fly to Europe, check out interesting destinations across America or relax on a sunny beach, reading a trashy novel or just being in a moment of peace and tranquility.
What To Anticipate When You're Interviewing
If you are in search mode, be prepared for more than the usual ghosting, absence of communications and lack of feedback. Since it's prime travel and sightseeing season, there will be a turnstile effect occurring at companies. One person after another will be out of the office.
An interview scheduled weeks in advance will get canceled the night before, as the human resources professional reported that they have a cold and need to reschedule. They most likely emailed the change from their summer home in the Hamptons or Catskills.
Upon miraculous recovery, the HR person is back to work, but now the hiring manager is off on a two-week vacation. No sooner than when the supervisor returns, there is a domino effect of all the other parties involved in the interview process saying they’ll be on vacation or away for a few days. You were probably receiving communications about the process and now the emails, texts and phone messages have subsided. This pattern will last throughout the rest of the month into the first couple of weeks of September.?
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Article continued …
There Will Always Be Some Opportunities Available
Don’t give up hope and put your search on hold. You can’t generalize that everything grinds to a standstill. There will always be a small number of roles deemed by management to be essential and need to be filled immediately.
For the crucial open roles, you'll have a big advantage if you are actively hunting for a job. Fewer candidates will compete for the same job, as they're off vacation. Even if people don’t go away, they mentally check out.
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A smart contrarian plan is to aggressively search for a job while there’s less competition. You’ll stand out that way. With fewer résumés submitted, yours will resonate with the hiring manager. Savvy HR professionals and long-time managers know that if they neglect hiring over the last part of the summer, they’ll be inundated with angry requests from managers yelling, “Why don’t I have any applicants for my job openings?”
The forward-thinking people involved with the hiring process recognize things may move slowly, but they’ll proactively build a solid pipeline of candidates willing and ready to interview once mid-September rolls in. They know that mid-September resembles that back-to-school mentality. It's the feeling that summer and fun is over and it’s time to get serious and focused again.
The Behind The Scenes Reasons Why Businesses Will Hire Now
Smart hiring managers know from experience that they’ll be caught flat-footed in September and October if they don't continue hiring now. If they wait until September to re-up the hiring cycle, the time frame may take three to six months to place job listings online, review the onslaught of pent-up demand résumés, retain recruiters to assist with the hard-to-find prospects, conduct interviews, run background checks and prepare an offer. The recipient of an offer would require two or three-plus weeks for their notice period. This would bring you into a start date in late November or early December, which triggers big issues.
White-collar professionals in sectors, such as Wall Street and tech, rely heavily upon their oversized bonuses. In a blazing hot market, companies would buy out bonuses to allure a person to join their organization. It’s not an insignificant amount of money. An investment banker or software engineer may expect high five-digit bonus figures.
A placement in August allows someone to qualify for a bonus if they switch jobs. The longer the time goes by, companies may not want to buy out or give a person a $50k bonus for only working a month or so at the new firm.
In this current economy and job market that is characterized by uncertainty, including runaway inflation, a recession, possible stagflation, layoffs, job-offer rescissions and hiring freezes, it's more than likely that companies won’t want to shell out a significant bonus. They’ll instead pass on the candidate and wait for someone else who doesn’t require a large bonus reward.
Search For A Job, But Also Practice Self-Care
Understandably, folks don’t want to embark upon a lengthy job search in brutally hot weather. It’s not pleasant to go into the subway station in New York City when it’s 95 degrees and humid outside. The temperature uncomfortably rises as you’re waiting by the railroad tracks. After departing the crowded train car, squished between two sweaty people, you’ll need to walk about 10 blocks to the building for an in-person interview. By the time you arrive, you’re sweaty, your attire is wrinkled, your hair disheveled and you're starting to get cranky and irritable. This isn’t the best way to shine in a first meeting.
Despite the challenges, you should still continue interviewing. After two-plus years of unrelenting stress and anxiety, taking time out for self-care is not unreasonable. You owe it to yourself to process the effects of the pandemic, try to comprehend what will happen with runaway inflation and a recession and question if the job cuts and hiring freezes are the new normal. With the slower pace at the office and the ability to sneak away while working remotely, it's easy to just coast for a while and decompress.
What Companies Should Do
After all these years, you’d think executives would see the cycles and take action. It would make sense for business leaders to call for vacation schedules that would make it easier to streamline and fast-track the hiring process.
Businesses lose two or more months of interviewing and vetting candidates by not taking proactive measures. Once companies return to a normal schedule, there will be pent-up demand for hiring without sufficient applicants available. Feeling that they’ve been ghosted, some may have given up. Top talent will have already found jobs with more motivated candidate-friendly companies.
Management should embrace the summertime vibe. As 4 million Americans quit their jobs every month, if companies are missing out on hiring during August, the least they could do is stem the tide of attrition.
With the slower pace, team leaders should schedule time to talk with their staff. They could go to an offsite location and the worker could share their goals. The manager, in turn, can address their desires, ask for feedback, provide accolades for their accomplishments and share constructive criticism that would help them grow and flourish.
The Bottom Line
August is a great time to both enjoy a relaxing summer and search for a great new job, as there will be less competition and you can stand out.
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Forbes.com | August 4, 2022 | Jack Kelly?
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