Recruitment for 24/25 - What to think about in the new financial year 📊
It's an important time of year to reflect on the significant impact this period has on recruitment and hiring processes. The end of the financial year heavily influences recruitment, meaning both employers and jobseekers need to understand the environment of the market.
🔺 Budget Reassessments - most companies reassess their financial forecasts for the new fiscal year. This results in new allocations for recruitment - potentially vacancies that were put on hold or pending approval, providing fresh opportunities for job seekers.
🔺Plans for Growth - companies take this time to reflect on their performance and strategic goals for the upcoming year. This includes staffing needs and identifying any gaps - which results in a drive for recruitment efforts to onboard new talent and upskill existing teams.
🔻 Increased Competition - with this becoming an active hiring time, the job market becomes more competitive as employers strive to secure top talent.
The new financial year brings a dynamic landscape in recruitment, driven by hiring activity, strategic planning and opportunities for career advancement. 🌟
Whether you're an employer looking to grow your team or you are seeking new opportunities for yourself, please reach out to us at teresa.cheeseman@datatech.org.uk
HR Digital Transformation & Communication Specialist @INGO @XCALLY
3moSuper 🏄♂️ Alberto Benincasa