According to a recent article published in LinkedIn, hiring by U.S. companies unexpectedly spiked in October, even amid two hurricanes and a massive Boeing strike. Private payrolls jumped by 233,000 last month, according to processor ADP, the most since July 2023. Labor demand appeared to surge ahead after the storms raked the Southeast, dock workers went on strike and the world’s No. 2 plane maker entered the second month of a work stoppage. Wednesday’s report also showed wage growth continued to cool to levels last seen in 2021, as jobs switchers averaged a 6.2% gain and those who stayed saw a 4.6% increase.
Recruiting Activity
Speaking from personal experience, the 4th Qtr of every year has always been our busiest time in recruiting activity. This is especially true in November and December, from both a Client and a Candidate perspective. Companies are gearing up for the new year, evaluating their Executive teams and in many cases, making determinations that it’s time to upgrade/expand. Candidates are evaluating where they are in their careers and whether it’s time to make a change. We often hear, “I want to be settled by Jan 1st”. The onset of the new year often comes after annual bonuses have been paid and signifies a new start.
There are definite calendar spikes when it comes to Recruiting. While November and December rank as #1, July and August are a close second, especially when relocation is involved. Executives often want to complete moves prior to the new school year starting in the fall.
Historically, while no time is better or worse than another, February and March are slower times of the year for recruiting activity.
As we move into the holiday season, whether you are evaluating your firm’s goals for 2025 or you are a Candidate contemplating making a move to a company that aligns more with your personal and professional goals, reach out to MSA for a confidential conversation today.
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