Quinnox Blog

Move now and forgo your bonus!

3 Reasons to Move Now and Forego That Year End Bonus

1. Beat competition

The logic is simple: your chances of securing that dream job will be higher when competition is less keen.  If most people look for a job in the first quarter of the year, you will need to compete with more qualified candidates for the same job opening.   Beat competition – look out for your ideal job in the last quarter of the year.

2. Companies are hiring for 2013 now!

Counting backwards, companies may require between 1-3 months finding the right candidate and the candidate will then need to serve 1-2 months notice.  During the 4th quarter, many companies start to hire for strategic positions.  The main reason could be to prepare the incumbents to be ready to start in the beginning of the New Year.  Such positions are usually Sales, Business Development, Strategic Planning, Business Processes and/or other functional and managerial roles. 

3. No time is a good time

We talk to many candidates who expect bonuses at the year end and some even counted the “would be” bonus amount into their annual package.  While this is not wrong, it is presumptuous to think that a big bonus will be waiting for you – every year.    Thus, no time is a good time.  Your next job may give you a higher monthly basic that will soon break-even with the bonus that you forego.

Send Your CV Now!

The year-end has come and traditionally, this is a low season for recruitment.  Candidates are waiting for their year-end bonus and most company executives are having their holidays or clearing their leaves.  With the poor economic forecast, news of retrenchment and hiring freeze reaches us every now and then.  It is also giving every one the jitters and more people are holding on to their jobs.

As the saying goes, in every crisis there lies an opportunity.  Many companies are still hiring but response to their job advertisements is poor.  If you happen to be an active candidate now, the good news is that you do not have much competition from the list of jobs available.  For those who are still sending out resumes and responding to calls, your chance of landing the dream job may be higher during this period.  So do not hesitate – update your resume and send it out now!