A friend told me that businesses don't like to hire people late in the year because they would have to pay them for Thanksgiving, Christmas, and New Years, and that they would start hiring again after the first of the year. Is there any truth to this?
2006-12-21 06:51:24 · 6 answers · asked by captainjackson2004 2 in Business & Finance ➔ Careers & Employment
Yes, it is also true because they have to pay taxes on you for the year, even if they only had you a couple of weeks. Also, many companies have bonus policies that say that they pay bonuses for anyone who is on the payroll on January 1st. Since most companies use Jan. 1st aas a company holiday, you wouldn't actually start until January 2nd (or nearest weekday if Jsn. 2nd falls on a weekend). They also prefer to do layoffs before the year ends for the same reasons.
2006-12-21 06:58:12 · answer #1 · answered by Anonymous · 0⤊ 0⤋
There is truth to that. Hiring definitely slows down towards the end of the year. The vacation issue is part of it, but the other part is that the company typically has internal staffing issues at this time of year as well. It's hard to get your application through the process when everyone in HR is taking vacation. It's hard to schedule training for new hires. It's hard to get the payroll set up. There is just too much start and stop in the process with all of the breaks built in, so the natural tendency is for the market to slow down. By the middle of January, though, everyone is back to work and the hiring can begin.
2006-12-21 15:02:14 · answer #2 · answered by BigPete 2 · 0⤊ 0⤋
None. There is no truth to that. The reason alot of companies hire at the beginning of the year is because those that operate on a fiscal budget that ends in December is that they have money and can fill positions starting in January. As December rolls around they have used up the money in their budget for hiring. It starts fresh in January.
2006-12-21 14:59:44 · answer #3 · answered by thunder2sys 7 · 1⤊ 0⤋
Some employers do that, however, retail businesses will start cutting their staff after New Years because the holiday rush will be over.
2006-12-21 15:20:20 · answer #4 · answered by quatrapiller 6 · 0⤊ 0⤋
may be the workplace dont want to burden more costs
2006-12-21 14:55:44 · answer #5 · answered by micho 7 · 0⤊ 0⤋
I DON'T THINK SO
YOU DON'T GET PAYED FOR HOLIDAYS UNTIL YOU WORK THERE FOR A WHILE
2006-12-21 14:55:58 · answer #6 · answered by Anonymous · 1⤊ 0⤋