A huge surge in job applications at the beginning of the year could make now an ideal time to look to find new faces to fill vacancies in your team, new data has shown.
Britain’s leading recruitment firm Reed has revealed it saw a massive 89% spike in job applications through its website in the first Monday of 2020 compared to the average Monday a month earlier.
The firm says January is typically its busiest time of the year, and says the month typically sees around 4.5 million job applications lodged through its website.
Reed CEO James Reed says companies would do well to look at recruiting now, as the surge in people seeking new opportunities has not – so far – been met with a similar spike in available roles.
He said: “It’s positive to see 2020 begin with a surge in job applications, however we have seen an overall year-on-year decline in the number of job postings at the start of the year.
“The logistics and transport sector for example has seen a large decrease in postings, possibly reflecting greater efficiencies in the sector from technological developments.
“Meanwhile, other sectors have seen increases, such as education where there was a 10% rise in postings in the first seven days of the new year.
“It remains to be seen whether stability provided by the election result, will seep into hiring decisions in businesses across the UK and whether we will see an overall uptick in job opportunities in the market in 2020.
“Regardless, a large number of workers are still re-evaluating their career paths after the Christmas break and may look to make the switch to a more fulfilling and rewarding job.
“But before looking at any new opportunities, jobseekers need to determine the working environment they desire, the sector they want to work in and the type of boss that will push them to succeed.
“This will help workers on the path to loving Mondays again in 2020.”
Reed, founded in 1960, is the largest family-owned recruitment company in the world, fielding 40 million job applications a year and boasting an annual turnover of £1.2bn.