When looking for a new career opportunity, your timing really matters. There are periods of the year when companies slow down and do less hiring, and other months when they are firing on all cylinders and hiring heats up.
There are also days of the week – and even time of the day that can impact the success of your job application. A new report out by the online networking site Linkin.com says that more job postings go online in October than any other month of the year.
The latest report from Statistics Canada also confirmed that employers are on a hiring spree. The Canadian economy surprised most economists by adding over 50,000 new jobs last month, making 2019 one the years with the most job creation on record.
It is better to be an early applicant. The vast majority of the jobs posted this month – 89 per cent – are filled within four weeks, according to LinkedIn. Most hiring managers will have tried to recruit internally and through their own network of connections and the reach of their current staff before ever posting the opportunity online. So, once the job ad goes live, they are very anxious to have the position filled. They are motivated to hire. They also want motivated candidates – and there is a limit to how many resumes they can read through and evaluate.
The report indicates that the first 25 applicants are three times more likely to land an interview than those who apply later.
This is why Mondays and Tuesdays continue to be the best days to apply for new jobs. Many new positions are posted on Mondays and Tuesdays, with Tuesday at noon being the biggest spike of the week for new opportunities being online.
So, if you are looking for work, you should keep an up-to-date copy of your resume ready. Then, when the position that suits your career ambitions and skills, you can quickly tailor it for the needs of the employer and apply while the position is fresh.
If you miss out on the October boom time, the next hiring spike tends to be in January as companies come back from the holidays and launch their plans for the new year.