2 in 5 people set to look for a new job in January; with 7th January predicted to be the year’s job-hunting peak
4 in 10 Brits will find new work for 2013 through their friends and families, says Job Bounties
LONDON (7th January 2013) We may only be seven days into the New Year, but today marks the predicted job-hunting peak of 2013, according to new research from recruitment experts Job Bounties (www.jobbounties.com). As the first full working week after the festivities begins, an estimated 11.84 million people are expected to begin a new job hunt, in what has been dubbed National Job Hunt Day 2013.
Based on historical patterns 2008-2012, 2 in 5 people within the workforce look for new work or new jobs in January. With 29.6 million people in employment in December 2012 aged 16 or over, this creates a job-hunting market of 11.84 million people in January 2013.
Monday 7th January is the perfect storm of employees searching for work and employers searching for workers. Employees are driven by “back to work blues” and the desire for a fresh challenge in the New Year, and employers need to fill roles post-holiday. This meeting of supply and demand leads to a job market that is predicted to be more buoyant and mobile in January than throughout the rest of the year. James Uffindell, CEO and Founder of Job Bounties, commented: “Monday 7th January is the recruitment equivalent of the ‘Cyber Monday’ online retail surge before Christmas”.
The most popular current search terms on Google are “jobs”, “vacancies” and “job vacancies” with 37.2 million, 9.14 million and 7.48 million UK monthly searches respectively – a total of 53.82 million Google searches. “Jobs in London” is the fourth most popular jobs-related Google search term, with 1.22 million monthly searches.
Research from social recruitment marketplace Job Bounties, also confirms that online and offline social networks will provide better returns this year than traditional internet searches. Four in ten, 41%, of Brits have found recent jobs through their personal networks. This compares to 34% of respondents, who gained employment through adverts posted on traditional job boards and only 8% who found success through approaches from professional recruiters.
The Job Bounties research also shows that the likelihood of finding a job via personal networks has quadrupled in the time of people’s last three jobs. Three jobs ago, only 7% of the UK found a job through their network; now 34% have. Almost a third of people, 31%, say that sites like LinkedIn, Facebook and Twitter have positively impacted their recruitment process.
James Uffindell believes that the increasing use of social media is powering the rising trend of successful job referrals amongst personal networks. He commented: “your personal network knows you better than anyone else, and friends and family can be a great source for hunting out job opportunities that are perfect for you. The age-old saying: ‘it’s not what you know, it’s who you know’ has more relevance now than at any other time in the internet age.”
Job Bounties launched on 14th November 2012, as the pioneering social recruitment marketplace. Job Bounties is the first website that allows individuals to recommend job opportunities to each other, earning significant amounts of cash for the bounty hunter (the referrer) if their contact is hired for that role.
Statistics are taken from:
- A survey of 1,700 people, conducted on behalf of Job Bounties by Vision Critical in Dec 2012
- The Office for National Statistics’ Labour Market Statistics
- Google monthly key word search, January 2013
Simon Bibby, Dir: +44 (0)20 7025 8204/Mob: 07876 414414
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About Job Bounties:
Through the influence of peer-to-peer internet-enabled referrals, jobbounties.com is an evolution in social recruitment. It aims to disrupt the global recruitment industry by reducing talent acquisition costs down to the true market value for that vacancy. The core bounty markets will initially focus on Finance, Consulting, FMCG and Retail, Digital and Marketing, and IT and Software industries for jobs ranging from £25,000 to £100,000 based in London.
Job Bounties was founded by recruitment entrepreneur, James Uffindell. James has over 10 years experience in the careers and recruitment sector and is a regular speaker and commentator. James started his first business in his last year at university in 1999, aged 20.
James is also the Founder & CEO of Bright Network (www.brightnetwork.co.uk) – a careers community for the best and brightest students from all backgrounds in the UK. Since 1999 James’ organisations have helped over 70,000 students apply to leading UK universities and every year work with over 300 schools. Bright Network clients now include over 200 leading graduate recruiters such as Goldman Sachs, Slaughter and May and Accenture, as well as SMEs such as innocent smoothies and The Mind Gym.
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About Vision Critical:
Vision Critical pairs the world’s leading consumer insight specialists with the most innovative software developers, marrying the precision of market research with the speed and power of online technology. Serving over 600 global brands through offices across North America, Europe, Asia and Australia, Vision Critical creates powerful software and research solutions, including the world’s leading Community Panel platform. For more information, please visit www.visioncritical.com; and follow Vision Critical on Twitter at http://twitter.com/visioncritical