📈 The "September Surge" is a term in the job market where there is a noticeable increase in hiring activity during the month of September.
🌐Most of the companies originated from West create employment at this time at their various branches and are looking to fill positions before the end of the fiscal year, and after the summer both job seekers and employers become more active in the recruitment process.
📉 The surge can vary by industry, but it generally represents a peak period of recruitment activity.
🛑There can be may reasons for this surger. Some of the most prominent reasons are -
1. Budget and Hiring Cycles 💹
Many companies operate on a fiscal year that ends in December. By September, they've assessed their budget, identified needs, and have clarity on how many new hires they can afford, leading to an uptick in recruitment.
2. Post-Summer Rebound 🌞
The summer months are often slower in terms of hiring because of vacations and a general slowdown in business activity. When September arrives, both employers and job seekers return to work with renewed focus, leading to an increase in job postings and applications in MNCs
3. University Graduates 🎓
September marks the end of summer internships and the beginning of the job search for recent graduates. Companies may increase hiring to capture fresh talent entering the job market.
4. Seasonal Industries 🏭
Some industries, particularly retail and hospitality, start ramping up their workforce in preparation for the holiday season, leading to increased job postings.
5. Employee Turnover ⚠️
After the month of August and appraisal cycle, employees may reassess their career goals, leading to increased resignations and thus more vacancies that need to be filled.
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