I am often asked by candidates "When is the best time to look for a job?"
There is no one answer, it depends on so many factors however, there are optimal times to seek a new job in the insurance market, influenced by industry hiring cycles, budget planning, and seasonal activity. Here’s a breakdown:
1. Beginning of the Year (January–March):
•Why it’s ideal: Many companies finalise budgets and strategic goals for the year in December, so hiring typically ramps up in the first quarter.
•Opportunities: New positions may open, and decision-makers are motivated to fill roles quickly to meet annual objectives.
•Pro Tip: Update your CV and LinkedIn profile during the holidays so you’re ready to apply as soon as opportunities are posted in January.
2. Post-Summer (August–October):
•Why it’s ideal: Companies often reassess staffing needs after summer holidays and begin preparing for year-end deadlines.
•Opportunities: There may be an increase in mid-level and senior hiring as companies adjust for attrition or project needs.
•Pro Tip: This period is especially good for specialised roles, as employers want to onboard new hires before the end-of-year holiday lull.
3. Avoid Late December and Summer Months (July and December):
Why it’s less ideal:
•In July & August, many professionals are on annual leave, which slows hiring decisions.
•In December, year-end activities and holiday breaks dominate.
•Exceptions: Certain urgent positions may still be posted during these times, so staying alert can uncover hidden opportunities.
4. Industry-Specific Considerations:
•End of Fiscal Year: Depending on the company, the fiscal year may end in different months (e.g., June or September). There may be a hiring push to spend remaining budgets or staff up for the next fiscal year.
•Insurance Cycles: If you’re targeting specific roles (e.g., claims, underwriting, or sales), hiring may align with product launches or busy seasons in the market.
5. Networking Events and Conferences:
•Look for industry events, such as insurance conferences or job fairs, which often coincide with hiring cycles. Attending these can give you insider access to open roles and a chance to make a strong impression.
In summary, aim to search actively in January–March and August–October while maintaining visibility year-round. Networking and staying informed about company-specific hiring trends can also boost your chances of success.