New York City Job Market Update
Newsletter for LHH New York City office (Go to: http://www.esnips.com/web/LHHNYCJMC)
In This Issue
• Job Market Intel
• Career Events
• Networking Events
• JMC Job Search Tips
Also Included
• Useful Web Sites
• Media Resources
• Blue Steps
• Network of Experts
• Job Lead Sampler
Get Your Copy
NYC Job Market Update
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C Access the latest and
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submit, contact Rod
Williams at
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212.455.8583. Thanks in
advance!
CRN SpotLight
Check out the approximately
150,000 jobs on LeadLink
and don’t forget to keep your
resume updated on Resume
Reserve. New employers
and recruiters are added and
are searching daily.
Access both on the web at:
February 4, 2008
Next “JMC Live”: Wed – February 6 at 10AM in the Park
Ave Conf Room. Special guests: Resources Global, a
leading professional services firm with many different
industry specialties. Don’t forget to register and don’t
miss this opportunity to hear the latest about the NYC
employment marketplace…
Job Market Intel
THE FIGHT TO FILL THIS SEAT
To find top managers, companies move faster, adopt personal style, search overseas
By: Shira Boss-Bicak
Companies in the midst of the new battle for talent say that in order to win the people they need, they
must develop "intelligence" on up-and-coming candidates, look in places they hope will be hidden
from competitors, and make decisions as fast as front-runners shift in the presidential race.
"We believe the war for talent is over, and that talent won," says Mark Nicholls, corporate workplace
executive for Bank of America.
In a recession, of course, the war for talent may shift. Though companies may not need the same
number of people, they may search even harder for the best managers, those who can lead during
lean times and scale up when the economy comes back.
Compensation is still a key element to woo those top people, and pay has been rising much faster in
recent years for top-performing managers than for other kinds of workers. Between 2007 and 2008,
companies were expecting to raise pay for top managers by 5.7%, according to consulting firm
Mercer.
But if nice salaries and pay hikes are givens, companies must get creative to differentiate
themselves.
Mr. Nicholls talks up the ergonomically correct workspaces and floor-to-ceiling windows in BofA's
new tower at 1 Bryant Park.
"We discovered, somewhat to our surprise, that space matters," Mr. Nicholls says.
Chief executives are more involved now in hiring and taking potential managers to dinner and on golf
outings.
"They need to entice the best people to come work for their team, because there are a lot of options
out there," says Michael Koren, managing partner of Koren Rogers Executive Search. "Those
candidates are harder to find, harder to land, and can write their own tickets."
Going overseas
To find the people they need, companies increasingly recruit from abroad, looking for managers who
can operate either in New York or in their overseas offices.
"For an American credit company, we found the person in Germany to work in Hong Kong," says
Brian Drum, chief executive of recruiter Drum Associates. "Wal-Mart is expanding in China, and
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 www.lhhcrn.com.
Blue Steps
We have negotiated a 20%
discounted rate for LHH clients
with Blue Steps the executive
search web site owned and
operated by the AESC
(Association of Executive
Search Consultants) which is
their professional organization
made up of over 200 of the top
executive search firms. See
your consultant for details.
AESC has around 200
member search firms, with
around 4000 consultants
around the world.
they're doing it with American executives."
Advertising agency Taxi New York has hired from Australia and India and is working with a freelancer
from South Africa, says Wayne Best, executive creative director. "We want people who are very
diverse and very experienced," he says. "It's less about nationality and more about breadth of
capabilities."
The cross-border battle for talent also means that companies here face poaching efforts. Real estate
and financial executives, among others, are being recruited by overseas employers in China,
Singapore, Russia, the Middle East, Eastern Europe and South America.
In addition to searching globally, recruiters and companies are reaching into minority communities.
"You have to think out of the box and not reach into the same ordinary channels for top talent," says
Lisa Tromba, vice president at recruiting agency Battalia Winston International.
That agency has developed a formal diversity practice consisting of recruiters from, and with strong
ties to, minority communities. "It's a valuable resource for talent that's not usually as reachable," Ms.
Tromba says.
The group of people not looking for new jobs remains the most fertile source of new hires, recruiters
say. Key employees are not as loyal to their employers as they were a generation ago.
Even those who weren't initially looking to change jobs frequently end up considering three to five
offers from competitors, Mr. Koren reports.
That necessitates another change in employers' tactics: The process of interviewing and preparing
an offer that routinely used to take two months is being condensed. To stay ahead of competing
offers, the more proactive employers are scheduling fewer rounds of interviews or setting up multiple
meetings on a single day, and coming to decisions quickly.
"There are only so many candidates, and if you stall, you may lose them," says Mr. Best of Taxi. He
himself ended up at the boutique agency because a larger agency took three months to extend him
an offer. "We'll sometimes interview a candidate in the morning and, if it's the right person, have an
offer letter sent to them that afternoon," he says.
Planning ahead
Indeed, to be ready to act fast, recruiters say that companies are asking them to plan much further
ahead. Recruiters have always had to be aware of the talent in particular industries, but now they are
developing external pools of potential hires and keeping dossiers on them.
Ms. Tromba, for instance, has a current assignment to locate someone for an executive-level position
without a specific future job description. "The client doesn't know exactly where the person will be
deployed," she says. "It's a classic example of hiring ahead of need."
EXECUTIVE PAY
Mean annual wage for managers in New York area, May 2006.
Chief executives: $178,200
Marketing managers: $138,740
Financial managers: $137,140
Natural sciences managers: $136,410
General and operations managers: $133,900
Sales managers: $133,790
Computer and IT managers: $132,010
Advertising and promotions managers: $123,110
Public relations managers: $121,350
Management occupations, avg.: $119,690
Construction managers: $118,200
Source: Bureau of Labor Statistics
No Easy Job
By MATT PHILLIPS
Weekly jobless claims data shot up and a key inflation gauge stayed stubbornly high, painting a not-
so-pretty picture for a central bank that has been slashing interest rates to help heal the economy.
Unemployment numbers and personal consumption figures both arrived in a morning deluge of data,
a day after the Federal Reserve cut a half percentage point off its federal-funds rate. The number
of U.S. workers filing new claims for unemployment benefits jumped by a
seasonally adjusted 69,000 last week to 375,000, the Labor Department said. The consensus
2
forecast among economists asked by Dow Jones Newswires was for a jump of just 17,000. Some
played down the size of the uptick in claims, citing the presence of the Martin Luther King Jr. holiday
as a potential pitfall for statisticians. But in light of pervasive recession fears -- aggravated by
yesterday's report showing the economy braked sharply in the fourth quarter -- others found today's
jobless numbers more worrisome. "If claims were to stay at this higher level for several weeks, it
would be a significant indicator of sharply deteriorating economic conditions," wrote Bear Stearns
economists in a research note. Economy watchers will get another snapshot of the employment
market -- and by extension the economy as a whole -- in January's payrolls report, due out at 8:30
a.m. EST tomorrow. Expectations call for the unemployment rate to tick down to 4.9%, from 5.0% in
December, amid the creation of 75,000 new jobs this month. That would be an improvement over the
feeble 18,000-job increase reported for December.
Of course, stoking job creation and economic growth was at the heart of the Fed's rate decision
yesterday. But while worrying about recession, the Fed also has to watch out for price stability. Its
preferred metric for gauging inflation pressures is the core personal consumption expenditure price
index -- which strips out the costs of food and energy. This morning's report on that measure showed
that prices stayed stubbornly above the upper limits of the Fed's perceived comfort zone of 1% to
2%. Year-over-year it rose 2.2% in December, matching November's reading. In a research note,
RBS Greenwich Capital economist Stephen Stanley said: "I don't think that anyone would argue with
the proposition that the Fed has been distracted from its pursuit of low inflation by weaker growth and
financial market turmoil. The Fed is relying on slower economic activity to tamp down the inflation
brushfire, and that is a reasonable expectation, but Ranger Bernanke has been emptying his can of
lighter fluid all over the forest in recent days by lowering the funds rate so aggressively."

JMC Job Search Tips (Simple Things pt 70…)

Be Wary of The Passive Search Monster
When I first wrote the title above, I thought about looking for a replacement word for “Monster”
because of that company’s obvious place at the forefront of the internet job search marketplace, and
then I thought that for this particular message, it’s entirely appropriate even if it is an awesomely bad
pun. There’s been a great rush to extol the virtues of many of the newer social/professional
networking sites like LinkedIn, Facebook, Naymz, Friendster, and the like; and there’s no denying
that these are potentially great tools when used in the proper context. Just like CRN, Monster,
Career Builder, and Yahoo Hotjobs to name a few, it can be very tempting to sit back and depend on
these electronic processes to “find” a job for you. That’s called passive search and it’s not nearly as
effective as personal networking. The numbers still bear this out. The latest stats still indicate the
more than 60% of the time, your new position will be found this way. Electronic processes including
e-networking represent a little over 20% of the job search success pie. So here’s a thought: using
them both together can put you solidly into the 80% success category and that’s a good bet any day!

Networking Events (free / low cost events that may interest you)

The "C" Network

"Surviving Corporate America"; Tuesdays, 1 p.m.; people of various professions are brought together
to debate how to break through the elements for finding work; paid preregistration required; call for
locations and further information.
Fees: $12
100 Park Avenue, New York, New York 10017
Sponsor information
The "C" Network
Contact: TheCnetwrk@aol.com, 718/263-3501

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Useful Web Sites
Here are a few free online locations that could prove helpful (if you know of other new or
unique sites forward them to me at rod.williams@lhh.com)
www.worldwit.org. It's a new design, new navigation and a ton of new content. But most excitingly for
us, our site now includes something that so many of our members have asked for: a careers site!
Our careers area, WorldWIT's Hire Ground, is the first online recruiting site that reaches women 'at
the intersection of work and life' with job alerts in the daily WorldWIT email digests. Jobs are also
posted on the searchable WorldWIT's Hire Ground website
http://newyorkcity.employmentguide.com/ bills itself as a portal for entry-level or a mid-management
positions. EmploymentGuide.com has got you covered. With our FastAPP feature we have made
searching for jobs faster and easier than ever. Simply complete an application and we’ll send it to
matching employers in your area.
http://www.janplace.com/ a site for those seeking opportunities in publishing, licensing, children’s &
family media, entertainment, interactive media, and related areas
http://www.gadball.com an excellent site that provides Free Job Search - over 100,000 Active Jobs!
Free Resume Distribution, Free GadBall Discussion Forums, Free Career Email Address, Free
Personal Email Address features links to For Sale Listings and many other types of information
portals from television/movie listings to the weather. It also has an online calendaring tool, news,
games, and entertainment links.
http://www.JobsOnWallStreet.com bills itself as the leading financial services online job board
http://www.efinancialcareers.com/ bank jobs, finance jobs, recruitment in the financial markets,
accounting and investment banking
http://newyork.craigslist.org/ another site that’s pretty cool. It bills itself as the following: craigslist is
about: giving each other a break, getting the word out about everyday, real-world stuff. restoring the
human voice to the Internet, in a humane, non-commercial environment. keeping things simple,
common-sense, down-to-earth, honest, very real. providing an alternative to impersonal, big-media
sites. being inclusive, giving a voice to the disenfranchised, democratizing ... being a collection of
communities with similar spirit, not a single monolithic entity.
http://www.worklife.com/ Worklife.com provides industry specific career channels with a wealth of
information tailored to your career goals. Select a career channel to research industry information,
search jobs and build your portfolio.
www.ComputerJobs.com Recruiting Trends reports that ComputerJobs.com, an employment website
for Information Technology (IT) professionals and those who employ them, has launched a new web
site where IT professionals can discuss their careers, technology, current events, and more. The new
community called "The ComputerJobs.com Community," also offers employers resume keyword
searches, and job seekers the ability to search for high tech jobs on www.ComputerJobs.com.
http://www.teamworkonline.com/ a listing site that focuses on jobs in professional sports with teams,
offices, and connected entities (sports management, sporting goods, etc.). Here’s what they say
about themselves: 71% of the jobs posted here were filled by online candidates!
www.WomenSportsJobs.com currently has over 1,000 jobs posted in the following fields: Sports
Marketing, Sales, Advertising & Promotions, Public Relations, Sports Media, Broadcasting, Facilities,
Sports Events & Operations, Recreation, Health & Fitness, Website, Technology & Computers
http://www.job-hunt.org/ a terrific informational resource for job seekers
http://www.hightechny.com/ NY Labor Bureau site for IT employment (thanks Jay Colan)
http://www.ithotjobs.com/ bills itself as “ITHotJobs.com launched in 2001 to assist BIG 4, Top Tier,
Software 500, Fortune 1000 IT job seekers most impacted during the downturn has grown to
286,000 members and is utilized by over 9,775 IT specific recruiters.”
http://www.jobcircle.com/ JobCircle.com currently operates in CT, DC, DE, OH, MD, NY, NJ, PA, VA,
and WV , and provides a totally regional job search experience using our unique Latitude/Longitude
functionality.
http://www.dogpile.com great search site that uses Google, Yahoo, Ask Jeeves, About, Look Smart,
Overture, and FindWhat (talk about powerful!)
http://www.allretailjobs.com/ the name says it all.

4
Free web sites continued…
http://www.nj.com/jobs/quicksearch/ links to job postings:11 NJ newspapers incl. the Star-Ledger
http://www.chiefmonster.com a Monster.com site for Senior Executives
http://www.6figurejobs.com lists executive Jobs
http://www.ceoupdate.com lists non-profit executive level jobs
http://www.execsearches.com lists non-profit executive level jobs
http://www.bigfivetalent.com lists Big Five Jobs
http://www.employment911.com/asp/index.asp claims currently over 3,000,000 jobs posted by
companies that use them and searched from over 300 major career sites along with jobs including 1-
Jobs.com, Hotjobs.com, American Jobs, Infoworks USA, America's Employers, JobBank USA,
America's Job Bank, Job Pilot USA, Bakos Group, MarketingJobs.com, Career Avenue,
Monster.com, Best Jobs USA, NationJob Network, Career Builder, Net-Temps.com, Career Mosaic,
Perot Systems, Career.com, Prohire.com, Career Magazine, Recruiters Online Network, Career
Web, Select Jobs.com, Computerjobs.com, Softwarejobs.com, Computerwork.com, The Job
Resource, Crosswalk.com, Top Echelon, Dice.com, TopStartups.com, Employment 911, US Careers
Resource Center, Headhunter.net, Westech Virtual Job Fair. Offers some pay services but quite
effective without them.
http://seeker.dice.com/profman/searchEngineMarketing.jsp?rel_code=100 more tech jobs
http://www.guru.com/pro/professionals.cfm?tc=20010&kw=job%20search%20web%20 site helps you
find IT, creative, business and office/admin projects all on one website!
http://www.e-careercenter.com/ &
http://www.job.com/index.cfm?us=164&AID=6944408&PID=1225587 2 sites for posting resumes and
searching jobs
Fee Based Sites:
http://www.bluesteps.com Association of Executive Search Consultants (AESC) resume database.
LHH has a discounted rate (See your consultant)
www.theladders.com Based in New York City, TheLadders.com, Inc. is a privately held company
offering premier online job search destinations and content for the $100k+ sector of the employment
market. The company operates its primary consumer destination at www.theladders.com as well as
specialized job search Web sites for Sales, Marketing, Finance, Human Resources, Law,
Technology, Operations and all other $100k+ fields. For corporate and executive recruiters,
TheLadders.com operates TheLadders for Recruiters, enabling them to easily post and manage job
openings.
http://www.executivesonly.com lists executive jobs
http://www.netshare.com lists executive jobs
http://www.execunet.com lists executive jobs
http://www.executive.computerjobs.com lists executive technical jobs
http://www.vicepresidentjobs.com a resume posting site
Entrepreneurial Sites:
http://www.startupzone.com employment
http://www.topstartups.com employment
http://www.garage.com lists tech ventures and employment
http://www.fastcompany.com online version of magazine
http://www.vfinance.com funding for entrepreneurs
http://www.vcbuzz.com venture capital info
Non-Profit Sites:
http://www.philanthropy.com non-profit info and employment
http://www.nonprofits.org/ non-profit info
http://www.chronicle.com higher education info and employment

5
http://www.guidestar.org/ national database of non profits

Executive Job Listings in the Not-for-Profit Sector Advertised openings:

http://www.ceoupdate.com lists non-profit executive level jobs
http://www.execsearches.com lists non-profit executive level jobs
www.fdncenter.org/pnd/jobs
www.idealist.org

Search firm listed openings:

www.howe-lewis.com
www.drgnyc.com
www.pogsearch.com
www.imsearch.com
www.auerbach-assc.com
www.slesingermanagement.com
www.explorecompany.com

Media Resources
Please update by sending additional resources/corrections to jay.colan@LHH.com news and
trends:
television/print/music/interactive/digital/telecom/advertising
http://www.mediabistro.com/ -- Media Bistro: media industry networking and informational site.
Includes, news, advice, events listings, job boards, and discussion groups.
http://www.iwantmedia.com/– daily round up of media and industry news; extensive links to
other, related publications and sites.
http://www.poynter.org/medianews– Jim Romenesko’s media news: news, trends, extensive
links to other news and media related sites.
http://www.mediachannel.org/ -- Media Channel: global media news, issue guides, educational
aides.
http://www.mediaweek.com/ -- Media Week: online media news magazine.
http://www.insidemedia.com/
http://www.media.guardian.co.uk/ -- The Guardian online specialized media site.
http://www.eweek.com/– eWeek online version: media and new media news and resources
http://www.media-news.com/– Media news site, segmented by industry.
http://www.internews.org/– Internews: promoting free and open media on a global scale.
http://www.broadbandweek.com/– Broadband Week online version.
http://www.telecomcareers.net/– TelecomCareers.net: career resources, etc.
http://www.catv.org/-- CATV Cyberlab: news, resources for cable, broadband, and new media;
extensive list of links.
http://www.cabletoday.com/index.html– Bigpipe.com: cable news, resources, extensive links.
http://www.emonline.com/index.html– Electronic Media online version.
http://www.dmnews.com/cgi-bin/index.cgi– DM News: online direct marketing news.
http://www.headlinespot.com/-- comprehensive news site: news, extensive links
http://www.tvinsite.com/broadcastingcable/index.asp?layout=webzine– Broadcasting Cable
online: news for broadcast and cable industries.
http://www.cableworld.com/– Cableworld online version: cable and broadband news
http://www.minonline.com/index.html—Min magazine: media business resources

6
 www.paidcontent.org focus on "the economics of content"
http://www.212nyc.org/ - interactive focus
www.mediapost.com
www.inanet.com for designers and art directors
www.cynopsis.com - daily briefing for broadcasting and cable, with job postings for NY and LA
Digital Music News (site/publication?)
www.nyctechwire.com
Inside Radio (site/publication?)
www.adage.com Advertising Age site
television/print/music/interactive/digital/telecom/advertising (cont’d)
http://www.poynter.org/ - Web Tips – tracks U.S. TV
www.entertainmentcareers.net
www.rightmedia.com
www.venturewire.com – v.c. focus?
www.variety.com Variety - entertainment focus –including job links
This Week in Technology
British Academy of Film and Television Artists
http://www.digitalmusic2006.com/ - digital music forum
www.worldscreen.com Int’l News on programming /content that inevitably includes notes on
many NY companies
www.lightreading.com technology news with many notes on content deployments
www.digitalmedia.com – conference listings are searchable to obtain contact info for speakers
Multi-Channel News – publication?/site?
www.fierce.com – mobile media including wireless, IPTV and mobile media
BillBoard – music publication
www.journalismjobs.com

associations:
http://www.catm.com/-- Cable & Telecommunications Association for Marketing: library,
research, job bank, etc.
http://www.ncta.com/index.cfm– National Cable & Telecommunications Association: industry
news, legislative information, career resources, etc.
http://www.cthra.com/indopps.html– Cable and Telecommunications Human Resources
Association: job opportunities and career related links
http://www.aaaa.org/news/related_assoc.html– American Association of Advertising Agencies:
related industry links.
http://www.nynma.org/– New York New Media Association:
http://www.cabletvadbureau.com/– Cabletelevision Advertising Bureau: news, research, links,
career information.
http://www.ctpaa.org/– Cable Television Public Affairs Association
http://www.wict.org/main.cfm– Women in Cable & Telecommunications: resources and links
dedicated to improving the standing of women in the cable industry.
http://www.interactivehq.org/ -- Association for Interactive Marketing: research, education,
events, networking.
www.americanbusinessmedia.com – association of business media companies
www.namme.org – National Association of Minority Media Executives
Magazine Publishers Association (MPA)
Online Publishers Association (ironically I don’t have the URL)

theory and scholarship:

7
 http://www.ctheory.com/– CTheory: current scholarship on cultural, media, and critical theory
http://www.theory.org.uk/– media and social/cultural theory focusing on pop culture
http://www.utexas.edu/coc/journalism/SOURCE/j363/keywords.html– quick resources to major
leaders in mass communication studies
www.release1.0.com – Esther Dyson publication on v.c. and new technologies
Edventures – same on Ester Dyson

other resources:
http://www.hbscny.org/upcoming_events.htm - Harvard Business School Club of Greater NY –
Look for the Media Guru breakfasts
Media Staffing Professionals - Chicago based with jobs throughout the country
"The Soul of the New Consumer" - book on thinking for marketers and product developers
www.current.org – resource on NPR?
www.voice123 – voiceovers
One World? – cable advertising?
Promo magazine and Events Marketer for event marketing people
Provided by Jay Colan and the generous, spirited people who participated in the NY Media and Entertainment
networking group in January and February of 2007.

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