Executive Job Market Shows Strength in Major Metro Areas: Tech, Healthcare and Industrial Sectors Grow Despite Economic Crisis

2008-10-02 17:35:03 -

www.theladders.com - J. Roderick, Inc. John Roderick, 631-656-9736 john@jroderick.com or TheLadders.com Lou Casale, 646-307-7544 lcasale@theladders.com Employers in major metro areas are adding to their executive ranks despite the economic crisis that is gripping the financial and consumer discretionary sectors. According to TheLadders.com's Quarterly Executive Job Market Trends Report for Q308, which tracks hiring patterns in 20 major cities and surveys in-the-trenches job seekers nationwide, the executive job markets in San Francisco, San Diego, Washington, D.C., Boston, Seattle, Houston and New York are growing.

Tracking the growth rates of executive level job posts throughout the 3rd quarter of 2008, TheLadders.com Quarterly Executive Job Market Trends Report found year-over-year increases in:

-- Technology

-- Healthcare

-- Industrial

"There are segments of the job market that are clearly strained right now, but it's critical for job seekers out there to realize that even in this market - with headlines about the government bailout and corporate layoffs - people are being hired for their dream jobs every day," said Marc Cenedella, president and CEO of TheLadders.com.

Regional Job Market Analysis

To get at the heart of hiring patterns in the $100,000+ job market, TheLadders.com's Quarterly Executive Job Market Trends Report measured hiring activity across a variety of metrics and found the regional markets with the most favorable $100,000+ climates (ratio of job seekers to job postings) were:

-- 2:1 - San Francisco

-- 3.1 - San Diego, Washington, DC

-- 4:1 - Boston, Houston, New York, Seattle

Job markets attracting the highest number of job seekers from other parts of the country are New York, San Francisco and Boston.

Across the nation, some of the top companies currently posting the most open positions are BAE Systems, Cisco Systems, Google, Intuit, Johnson & Johnson, Microsoft, Philips, Sepracor and Sony.

Job Seeker Survey

As part of TheLadders.com Quarterly Executive Job Market Trends Report, active job seekers throughout the country were asked to weigh in with their own first-hand accounts on the status of the current job market in their cities. Job seekers were asked questions such as: How do you feel about the job market in your city? Are you open to relocation? How long do you think it will take to land your next job?

When describing the high-end job markets in their cities:

-- 58 percent said they expect to land a new job within six months or less

-- 55 percent cited a general lack of stability

-- 63 percent said they were willing to move from their current cities for a new job opportunity

-- 46 percent said they are actively looking for new job opportunities in cities outside of their own

Complete city-by-city data and survey results are available at: www.theladders.com/static/boom/.

About TheLadders.com:

TheLadders.com is the world's largest online service catering exclusively to the $100k+ job market. Our job is to make the search for senior talent and senior positions quick and effective. With access to the most $100k+ job leads in one place, senior level professionals can get to the next step in their careers faster. Top recruiters value the ability to quickly and easily connect with so much qualified talent in the sales, marketing, finance, HR, legal, tech and operations industries. Founded in 2003 by Marc Cenedella, TheLadders.com has grown into the largest specialty employment website. In addition to traditional job search services, TheLadders.com also provides a host of specialized career development resources, including a proven, one-on-one resume service; advice from career experts; customized online profiles; and e-mail alerts. TheLadders.com is headquartered in New York with offices in London. For more information, please visit www.theladders.com or www.theladders.co.uk.

TheLadders.com Quarterly Executive Job Market Trends Report
Analyzes Hiring Activity and Surveys Job Seeker Sentiment in
Nationwide $100,000+ Job Market