The Benefits of Securing New Hires Before the Start of the New Year
The Benefits of Securing New Hires Before the Start of the New Year
The run-up to the holidays has already begun and the New Year is right around the corner. When you analyse everything you need to get done before the holidays begin, you can easily feel overwhelmed. Why would you want to add the pressure of interviews and hiring process on top of everything else?
While it might seem counterintuitive to start your hiring process near the end of the year, it might surprise you to learn there are numerous benefits. In this article we will be looking at the benefits and sharing why you should secure new hires before the start of the New Year.
There is Less Competition
Did you know that hiring slows down at Christmas? Yet, there are thousands of people looking for jobs! As the end of the year approaches and New Year isn’t far away, many workers will consider a change in career at this time, making it the perfect time to advertise the opportunities available at your company. With less competition, you will have the pick of the crop. There is no better time to expand your team.
Attract the Top Talent
A survey carried out by Information Age found that 43% of respondents were planning to leave their job due to a lack of promotional opportunities. Employees want company progression. There is nothing less motivating than job stagnancy.
According to
Business Insider Australia, an overwhelming 80% of businesses believe it is important to invest more in staff training. However, most have yet to do so. If you want to appeal to potential candidates, a great way to do this is to offer
unique training opportunities
that allow for progression within your company. When you do this, you stand out as a business worth working for and you will hit the ground running in January.
Onboarding Early Reduces Employee Turnover
Starting a new job is nerve wracking for everyone. It feels like the first day at school all over again. So, rather than cause your new employees to sweat it out over the Christmas break, consider bringing the onboarding process earlier.
Onboarding gives you the chance to gather your whole team together and introduce everyone. It is the perfect opportunity for a candidate to get a feel for your company and understand how they will fit within the work culture.
What’s more,
research shows that employees starting a new job are 69% more likely to stay with the company for three years or more if the company has a good onboarding process. So, a great onboarding process is essential for employee retention. You must engage employees from their very first day so that you can retain the best talent in the industry.
You Have Work that Needs to be Done
Whether it’s due to the finalisation of projects, budget cuts, the Christmas party, or just the busyness that this time of year brings, delaying the hiring process can actually hurt your company’s success in the long-run.
Rather than delay, it’s best to embrace the changes. Sure, hiring a new employee will affect your budget and it will mean more training and more equipment, but the New Year will bring with it many new challenges. So, you want the top talent in place now so that you can start the new year off with a bang.
Reduce Team Burnout
It is important to consider what effect an unfilled position has on the rest of your team. The more you ask your existing employees to pick up the slack and push harder to get projects over the line, the more you risk team burnout.
Remember, one of the best ways to retain your team is by keeping employees happy, engaged, and stimulated. Burnt out does not perform well and is ultimately damaging to your bottom line. Whereas, adding a new employee to your team at the busiest time of year can take the pressure off your team when they need it most.
Connect at the Christmas Party
No matter how welcoming your team members are, creating connections between the new hire and your existing employees takes time. Hiring at the end of the year helps combat this problem as the Christmas party, whether face-to-face or hybrid, is a great opportunity to bring the whole team together and let everyone get acquainted in an informal setting.
Even if your new employees aren’t scheduled to start work until January, invite them to the Christmas party. Meeting everyone in advance and in an informal setting really helps take the pressure off those first-day nerves.
Final Words
There you have it. As you can see, there are so many benefits to securing new hires before the start of the New Year. Reach out to discuss your hiring needs with us today here.
This article was written by HR professional, Gemma Williams
Exclusively for
Beaumont People
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