January is best month for promotions

February 2nd, 2011 by James

January is best month for promotionsJanuary is the best month of the year in many countries to boost a professional career and get a promotion.

An analysis of data on the professional networking site LinkedIn suggested that January, June and July are the top months for professionals for moving up the corporate ladder within their companies in the U.S.

From in.finance.yahoo.com:

LinkedIn, which has 90 million members worldwide, speculated that one reason why January is so popular for career advancement is that is coincides with the financial year.

“We looked at 12 countries, including the U.S.,” said Krista Canfield, a spokeswoman for LinkedIn . “If you look at India’s data we also see a spike in April and it turns out that April is when India’s fiscal year is.”

Another theory is that it is easier for companies to deal with promotions after the winter or summer holidays.

“September comes up as a really good time for people in France to go and try for a promotion, besides January, which is also a good month,” she added.

Promotions were also more common in September in Spain.

LinkedIn analyzed nearly 3 million intra-company job promotions from data on its website from January 1990 to December 2010. Although January is still the most popular month, the company noticed that from about the year 2000 more promotions started occurring during other times of the year.

“It was becoming less likely that you would only get promoted in January and more likely you would get promoted during other months of the years,” Canfield explained.

January is also a good month for promotions in India, along with April, July and October, and in France, Australia, Canada, Germany, Brazil, Italy, the Netherlands, Spain, and Britain.

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