As summer vacations close, the Property Industry’s hiring scene is gearing up for an action-packed final quarter of the year. This time is super important for businesses across the sector as they prepare for challenges and opportunities ahead. The Property sector is already plotting the course for the next year and Property Industry bosses know this is the time to secure the top talent ready for 2024.
If you’re thinking about hiring, here is four great reasons why the last quarter is a fantastic time to bring in fresh talent.
- Planning Ahead Smart companies with big plans for next year are already laying the groundwork. They know they need to strengthen their teams, especially in areas like Estate and Letting front line teams, Property Management teams, financial services and Regional directors, to meet their goals. Finding the perfect candidates takes time, and even when you do find them, they might not be available right away. Great candidates can have between 1 -3 months notice periods. Plus, new team members need time to get used to your team, your company culture, your CRM and their new role. This process takes time, and before you know it, Christmas is upon us. Good hiring managers know it’s best to get most of this done before the Christmas parties start.
- Post-Vacation Dreams After the summer holidaysPeople are back at work, and some of them are dreaming of a career change. Surprisingly, 70% of job searches start right after a holiday. The return to the daily grind can make people think about their careers. Questions like “Can I do more in my job?” or “Am I truly happy in my current role?” start to pop up, and new opportunities suddenly look tempting. People tend to be more open to change after a summer break, making it an ideal time for recruitment.
- Competitive Talent Headhunt It’s worth noting that many Property Industry decision makers are also back from holiday and actively looking for top talent. Delaying your hiring process could mean losing out on the best candidates who might have been scooped up by your competitors. The Property Industry job market is already highly competitive, and it’s expected to get even tougher. Job seekers have plenty of options, making it a challenge for companies to secure the best talent. Organisations that invest in building a strong employer brand and effective talent acquisition strategies will have an advantage in attracting exceptional candidates.
- Use That Remaining Budget As the year-end approaches, the pressure to use up your remaining recruitment budget becomes more pressing. Today’s job seekers have high expectations. A job offer should not only meet their financial needs but also offer opportunities for personal growth. The candidate’s experience during the hiring process matters too. Candidates want a smooth and quick hiring process. A poor experience can drive away great candidates.
So, even though the year is winding down, the last quarter is actually a great time to start hiring. Candidates are open to change after the summer break, actively seeking new opportunities. Seize the chance to tap into this ‘autumn movement’ and bring the best talent on board for your property industry team.
