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Dec 22, 2016 10:32 AM EST

The year-end is usually the perfect time for contemplation, self-reflection and evaluation of your career. But, according to Glassdoor Chief Economist Dr. Andrew Chamberlain, this is also the best time to do a touch up on your resume not only because of your personal resolutions but also because the current economic situation opens a wide range of opportunities for job seekers. And here are the reasons why.

There are more job opportunities now than you know

Gone are the days of recession when less job positions appear on the career sites. In fact, hundreds and thousands of companies already begin their hiring process as early as December.

There is less competition

During the holidays, there's a downward trend of applicants which means this end of year going first quarter is the best time to stand out and get ahead of the game, while other people take their time to enjoy the festivities.

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There's an increase in the worker's salary

The increase in salary wages across the board can give you an edge when you ask for a rate or negotiate for your salary. This will make it a lot easier for you to fight for what you're worth.

There are more networking opportunities

Because the holidays are upon us, gatherings, reunions and parties are everywhere. This will open plenty of opportunities to let others know that you are seeking for a job which will get you connected to potential employers. It's going to be a great start for the new year when you already know possible companies and offices where you will be submitting your resumes to.

Companies have more hiring budgets at the start of the year

During the first quarter of the year, companies get their new hiring budgets which means that you have more chances of getting hired plus you have a good chance of getting your negotiated salary.

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