The end-of-year hiring cycle can be complex. Typically, this is when end-of-year budget surpluses must be utilized, but it is also a time to look forward. In order to recruit and retain the right talent, employers must get a head start on both hiring strategy and the retained search process.
For many organizations, the second half of the year is devoted towards strategizing, planning and budgeting. Of course, organizations take stock of their successes, but they also identify what they need to do to continue their growth. Prospective employers will identify redundant skills or under-performing assets, and also detect where and how they can improve for the upcoming year(s). At this stage, funds are typically allocated towards hiring new talent.