The report monitors the hiring patterns in 20 major cities that the largest increase in high paid New York jobs and executive positions elsewhere were in technology, healthcare and the industrial sector.
"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 president and CEO of TheLadders.com Marc Cenedella.
The company found that in San Francisco there are 2 job seekers for every $100,000+ job posted online. In both San Diego and Washington, D.C. there were 3 individuals looking for employment for every vacant position on the web. Boston, Houston, New York and Seattle had 4 job seekers for every 1 job listed on the Internet.
The areas that are attracting the largest number of individuals looking for highly paid jobs are New York, San Francisco and Boston.
TheLadders.com also asked those who use the site to help find work a variety of questions in order to determine how those who are used to making $100,000 or more a year feel about the job market. Over half, 58 percent, reported that they expect to have a new job within the next six months, if not sooner. Not all feel so optimistic though, as 55 percent of participants reported feeling a general lack of stability.
Many are considering leaving their area in hopes of finding new jobs. Approximately 63 percent said that they are willing to relocate for work, while 46 percent said that they are already trying to find a new position outside of their own cities.
New York Jobs in the IT Industry Expected to be Okay
Recently things have been pretty tough on Wall Street as many New York jobs get cut. No one knows at this time exactly how many individuals will soon be out of jobs, but experts don't expect the area's IT sector to take a very big hit.
Despite the fact that layoffs will likely occur, Robert Half Technology's VP of strategic alliances, John Estes, says that the situation will balance itself out in the long run. Those who do stand to lose their IT jobs in New York aren't expected to have a difficult time finding new employment. The one problem he foresees is that it may be difficult to find comparable pay.
According to Estes, a good portion of head IT people at investment banks and financial services firms were making somewhere around $200,000 a year. These individuals may struggle to find a new place of employment that can offer as much.
"There's going to be more high-quality high-tech people on the street," said Estes. "A lot of these people are high-dollar folks, and they may not be quite as happy as they were before."
He went on to say that there could be "culture clashes" if these individuals leave New York City and take lower-paying jobs elsewhere.
Layoffs shouldn’t be too much of a concern for those who have a lot of experience in the field. "[But] if you’re really good in IT, you won’t be on the street for very long," said Estes.
To illustrate this, Estes mentioned the fact that many higher-ups in the IT industry lost their jobs when the technology bubble broke around eight years ago. These individuals were also able to quickly find new jobs.
Earlier in the month Robert Half Technology reported that, despite issue in the economy, there is still a strong demand for certain IT professionals. Infrastructure specialists, including help desk workers and technicians, and those who are experienced with Web 2.0 and in business intelligence are amongst those who employers nationwide are looking to hire.
The construction industry plays an important role in many major cities, and especially accounts for many New York jobs.
Employment in New York City's construction industry is expected to expand considerably through 2011, according to an article by the Fiscal Policy Institute for the NYC Employment and Training Coalition and NYC Workforce Investment Board. The expansion is expected as there are several large commercial construction projects under development.
"The construction industry and construction workers literally build New York, creating the workplaces, houses, apartments, schools, hospitals, public spaces, transportation arteries, bridges and water tunnels essential to our city's existence and smooth functioning," the article states.
"Construction work is often physically demanding and dangerous, but it offers some of the highest wages available for workers with limited formal education," the article adds. "An extensive apprenticeship system provides many of the industry's workers with the craft skills required for the city's demanding construction projects, skills that can provide secure career ladders and demonstrable wage gains."
There should be thousands of openings in the industry through 2011 as about 30,000 construction workers are getting ready to retire. As of 2006, residential construction had grown in the city for four years, the biggest increase since the 1970s, and commercial construction had remained below its 2001 level.
The construction industry currently employs about 250,000 workers, with 175,000 of those being city residents. The leading construction jobs include laborers, carpenters, painters, electricians and plumbers. Construction workers earn a median hourly wage of $14.90, slightly higher than the overall median wage for the city.
New York City is home to 10,000 construction companies and more than 30,000 self-employed construction workers. Construction work in the city is usually project-based, with workers and companies migrating from one job to the next.
"Most construction companies are trade-specific contractors or employers, such as electrical, plumbing, masonry, or roofing," the article adds. "General contractors serve as organizing agents, working with engineers and architects and coordinating the entire array of trade contractors. Most residential contractors are very small businesses, averaging four to 10 employees, while most non-residential contractors are only slightly larger, averaging 15 to 25 employees."
As the foreign-born population grows across the great state of New York, so does the high demand for teachers specializing in English as a second language (ESL). More than 25 percent of the residents of New York were born in another country and that means a lot of adults and children who need special training and education in English.
The demand for teachers who are able to teach English as a second language creates a major problem for non-English speaking immigrants. Not only are they unable to further their education, they are unable to find employment - and that includes difficulty finding New York jobs in every profession or industry. Unfortunately, it also means that many highly qualified, well-educated immigrants are unable to find employment in their given professions.
The influx of immigrants to New York creates a huge opportunity for teachers. Whether you are currently able to teach English as a second language or not, you can quickly gain the knowledge, skills, and education to become an ESL expert. The languages spoken most frequently in New York, other than English, include Spanish, Chinese, Arabic, and Bengali.
If you speak any of these languages, are able to teach English as a second language, and are looking for a challenging opportunity, then New York might just be the place for you. ESL teachers are in extremely high demand and pay scales are extremely competitive and climbing. It's a great chance to move into a job where you can make a significant difference in the lives of other people and ultimately in the economy and growth of our country.
Don't waste time wondering what to do next – contact the New York State Education System to find out how you can fill a position in this growing profession for New York jobs. It's an opportunity that benefits everyone.
