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New York City Job Market Update

Newsletter for LHH New York City office (Go to: June 23, 2009

In This Issue Flare! The next Diversity Brown Bag Luncheon will be held on Tuesday, July 14
• Job Market Intel from 12N-2P in the Park Ave Conf Room and will feature a lively and informative
• Career Events conversation about the nonprofit sector and careers with nonprofit organizations for
diversity candidates. Guest speakers will be:
• Networking Events
* ShaKing Alston, President of the Brooklyn-Queens Land Trust.
• JMC Job Search Tips
* Erica Pagano, Managing Director of Changing our World.
* Lynn Algrant, Nonprofit Consultant.
Also Included
This session is ideal for candidates considering a transition from the corporate to the
• Useful Web Sites nonprofit sector. Key discussion topics are:
• Media Resources * Issues impacting diversity candidates
• Blue Steps * Best job search practices in the non-profit sector
• Network of Experts * Networking with nonprofit sector diversity groups and associations
• Job Lead Sampler * Positioning skills & expertise for foundations, educational institutions
and community organizations. Please sign up on CRN to attend.
• Just Thinking…
Flash! The Next “JMC Live” will be held on July 15 from 10A-12N
Get Your Copy featuring Columbia University - Teachers College sharing
NYC Job Market Update information on preparation and transition to educational employment
available online at: opportunities. As always, a real time update on the current employment marketplace with ample time for your Q’s...
C Access the latest and
back editions. Copies are Don’t forget to register and mark your calendars…
also available in the
common areas and from
your consultants… If you Job Market Intel
have information to
submit, contact Rod A rare tweet
Williams at Source: The Economist or A recent study from Harvard Business School has dared raise one of the most important unspoken
212.455.8583. Thanks in questions since a small boy wondered aloud why that Emperor fellow was naked. Exactly what is the
point of Twitter? The technorati—and the media—may be enamoured with the micro social-
networking site, where people can keep their “followers” informed of their every move in 140
characters or fewer, but, it turns out, very few others are. The study, conducted by Bill Heil, a
Harvard student, found that Twitter’s usage patterns are different from other on-line social networks.
CRN SpotLight “A typical Twitter user contributes very rarely,” says the report. “Among Twitter users, the median
number of lifetime tweets per user is one. This translates into over half of Twitter users tweeting less
Check out the approximately than once every 74 days.” The study, which examined the activity of over 300,000 people who had
signed up to the site, also found that the top 10% of users accounted for over 90% of tweets.
150,000 jobs on LeadLink
and don’t forget to keep your So, to return to the original question: given those figures, what exactly is the point of Twitter? Despite
resume updated on Resume describing itself as “a service for friends, family, and co–workers to communicate and stay
Reserve. New employers connected,” Mr Heil believes that, in reality, it has become little more than a marketing tool for
and recruiters are added and companies and celebrities. Quoted on the BBC, he said: “Twitter is a broadcast medium rather than
an intimate conversation with friends…The Twitter management need to decide if this is a problem,
are searching daily.
and if they decide it is, how they will tweak Twitter to become more acceptable to the average user?”

Access both on the web at: Answers in 140 characters or fewer please.
In Finance, Recent Signs of Hiring
Other Job Market By SARAH E. NEEDLEMAN
Connection Highlights… Job hunters' stock may be rising on Wall Street.
Large and midsize financial-services institutions are hiring again, albeit modestly. Recruiters cite
Job Fairs improving financial markets and increasing investor confidence as catalysts. They say some firms
that laid off too many workers at the start of the recession now want to take advantage of the large
Employer of the Day amount of talent available. Most desired are proven performers skilled in areas such as credit,
refinancing, wealth management and restructuring.

“JMC Live” "People are starting to unlock the doors and talk to us about wanting to hire," says Richard G.
Lipstein, managing director at executive-search firm Boyden World Corp. in New York. His firm
recently won an assignment for a high-level position at a private wealth-management firm that had
Entertainment & Media delayed filling the opening for months. Mr. Lipstein points out that finance companies are picking up
Networking Group the pace of hiring as slowly and cautiously as they did during past economic downturns. "All the signs
that proved to be the case back in 2002 and 1991 are starting to appear here. Having been through
this before, you can smell the psychology," he says.
Recruiter Panels
The limited hiring is a bright spot amid continued job losses in financial-services sector. The Labor
Department says financial-services firms shed 30,000 jobs in May and have lost nearly 600,000 jobs
Special Topic Speakers since December 2006. Hiring is "by no means at the level that it was at early last year," says Adam
Zoia, founder and chief executive of Glocap Search, a New York executive-search firm. "But it's
Additionally we serve as definitely up materially from the trough."
the venue for several Wells Fargo & Co., J.P. Morgan Chase & Co. and TIAA-CREF all are currently advertising on
external professional, a job site that specializes in the financial-services industry. Positions listed include
networking groups private banker, credit manager, financial adviser and financial analyst.
including TENG (Tech In general, employers are hiring most actively in areas where demand for a particular investment
Exec. Networking strategy is growing, says Mr. Zoia. "It's not for prospective business but existing business,"
Group), MENG particularly in wealth management, he says.
(Marketing Exec. Recruiting is somewhat robust in restructuring, says Tim Holt, a partner in the financial-services
Networking Group), and practice at executive-search firm Heidrick & Struggles International Inc. in New York. "More
FENG (Financial Exec. companies are in distress now, and the need for restructuring expertise has far outpaced other
sectors," he says.
Networking Group)
Another relatively strong niche is credit, says Pete Deragon, director of the North America financial-
services practice at executive-search firm Stanton Chase International. Credit specialists are in
demand as banks work out problem loans and derivatives tied to those loans, he says.
While Bank of America Corp. of Charlotte, N.C., plans to eliminate up to 35,000 positions through
Blue Steps 2011, to avoid redundancies following the Merrill Lynch acquisition, a recent increase in mortgage
refinancing "has led to the addition of several thousand jobs," says spokeswoman Sara Bloomquist.
We have negotiated a 20% She says the bank has made "a significant number of strategic hires" in its Merrill Lynch unit,
discounted rate for LHH clients including financial advisers and investment bankers.
with Blue Steps the executive Over the past two quarters, J.P. Morgan hired roughly 950 loan counselors to help distressed
search web site owned and borrowers, according to a spokeswoman. "We're doing selective hiring," she says, adding that the
operated by the AESC bank continues to eliminate some jobs and redeploy some workers. Meanwhile, Goldman Sachs
(Association of Executive Group Inc. says it is "seeing a moderate uptick" in new hires, compared with six months ago.
Search Consultants) which is Some midsize and large firms are hiring in part "to replace lost DNA," says Peter K. Gonye, a co-
their professional organization leader of the investment-banking and private-equity practice groups at executive-search firm Spencer
made up of over 200 of the top Stuart in New York. As firms shed thousands of jobs, they also lost some valuable, productive
employees, he says. Top on employers' most-wanted lists are proven performers or "revenue
executive search firms. See
generators," Mr. Gonye says. "Demand centers on those professionals who have a book of business
your consultant for details. with senior-level client contacts or those who have repeatedly demonstrated a track record as
AESC has around 200 profitable traders."
member search firms, with
In March, 53-year-old James Solloway joined SEI Investments Co., a publicly traded asset-
around 4000 consultants
management firm in Oaks, Pa., as a portfolio strategist. He had been laid off 10 months earlier from a
around the world. similar role at Morgan Stanley, where he had worked for 10 years. Mr. Solloway says his job search
started slowly. But between January and March, he landed interviews for six jobs, including the
position at SEI. He says his new job's base salary is comparable to what he was earning in his
previous position.
Some firms are trying to take advantage of the large number of experienced people who have been
let go, says Deborah Markus, founder of Columbus Advisors LLC, a New York executive-search firm.
"They're beginning to open their eyes and think more strategically in terms of hiring," she says,
adding that she is hearing from twice as many companies compared with a year ago. "There's much
more of a positive mood."
Josh Liebman, who was laid off from an executive-director position at J.P. Morgan in February, says
he is more optimistic about the job market because he sees more financial-services listings. In recent
weeks, Mr. Liebman, a 36-year-old certified public accountant in Livingston, N.J., says he landed
interviews for two jobs, one at a large financial-news provider, the other at a large money manager.
He was invited back by each for second interviews. Meanwhile, he is doing consulting work for a
European bank.

Just Thinking…
Treat people as if they were what they ought to be and you will help them become what they are
capable of becoming. -- Johann Wolfgang Von Goethe

Local Job Fairs

U.S. Census Bureau

On-Site Recruitment
New York State Department of Labor
215 West 125th Street - 6th floor
New York, New York 10027
Date: Fridays - June 5, 12, and 19th, 2009
Time: 12:00 p.m. (By appointment only)
County: Manhattan
Contact: New York State Department of Labor
Phone: 1 (917) 493-7234
Web Site:

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

NYC Senior Executive Roundtable
Wednesday, July 1, 2009, 1:00 - 3:30 PM

Where: 11 Penn Plaza

Seventh Avenue
5th Floor, Conference Room
New York City, NY

Cost: ExecuNet Members – $35.00

Guests – $40.00
Registration Deadline: Tuesday, June 30, 2009

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 pre-registration required; call for
locations and further information.
Fees: $12
100 Park Avenue, New York, New York 10017
Sponsor information
The "C" Network
Contact:, 718/263-3501

JMC Job Search Tips (Simple Things pt 98…)

Summer heat…
Another old adage that has gone by the wayside is that “no hiring takes place during the summer
months”. The current economic status has changed that paradigm as well with fewer vacations
being taken and more networking opportunities being afforded. Be prepared to take clear advantage
of the multiple opportunities that will present themselves over the next couple of months as there will
be lots of gatherings that are both open and free to attend. Everything from ethnic festivals to
professional/trade groups will be gearing up to display their offerings. So get those resumes and
business cards ready, set, enjoy…

Useful Web Sites

These could prove helpful (forward others to me at
***New business networking alternatives and competition to LinkedIn:
Naymz Maximize your professional opportunities by promoting your good
name in our Reputation Community.

Plaxo Pulse The easiest way to stay connected is now also the easiest way
to share just about anything. Pulse now brings you "people feeds" from all over the web: 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 bills itself as a portal for entry-level or a mid-management
positions. 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. a site for those seeking opportunities in publishing, licensing, children’s &
family media, entertainment, interactive media, and related areas 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. bills itself as the leading financial services online job board bank jobs, finance jobs, recruitment in the financial markets,
accounting and investment banking 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. 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. Recruiting Trends reports that, 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 Community," also offers employers resume keyword

searches, and job seekers the ability to search for high tech jobs on 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! 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 a terrific informational resource for job seekers NY Labor Bureau site for IT employment (thanks Jay Colan) bills itself as “ 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.” 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. great search site that uses Google, Yahoo, Ask Jeeves, About, Look Smart,
Overture, and FindWhat (talk about powerful!) the name says it all. links to job postings:11 NJ newspapers incl. the Star-Ledger a site for Senior Executives lists executive Jobs lists non-profit executive level jobs lists non-profit executive level jobs lists Big Five Jobs 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-,, American Jobs, Infoworks USA, America's Employers, JobBank USA,
America's Job Bank, Job Pilot USA, Bakos Group,, Career Avenue,, Best Jobs USA, NationJob Network, Career Builder,, Career Mosaic,
Perot Systems,,, Career Magazine, Recruiters Online Network, Career
Web, Select,,,, The Job
Resource,, Top Echelon,,, Employment 911, US Careers
Resource Center,, Westech Virtual Job Fair. (Pay services not necessary). more tech jobs site helps you
find IT, creative, business and office/admin projects all on one website! &
us=164&AID=6944408&PID=1225587 2 sites for posting resumes and searching jobs
Fee Based Sites: Association of Executive Search Consultants (AESC) resume database.
LHH has a discounted rate (See your consultant) Based in New York City,, 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 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, operates TheLadders for Recruiters, enabling them to easily post and manage job
openings. lists executive jobs lists executive jobs lists executive jobs lists executive technical jobs

5 a resume posting site
Entrepreneurial Sites: employment employment lists tech ventures and employment online version of magazine funding for entrepreneurs venture capital info
Non-Profit Sites: non-profit info and employment non-profit info higher education info and employment national database of non profits
Executive Job Listings in the Not-for-Profit Sector Advertised openings: lists non-profit executive level jobs lists non-profit executive level jobs
Search firm listed openings:

Media Resources
Provided by Jay Colan and the generous, spirited people participating in the NY Media and Entertainment
networking group. Please update by sending additional resources/corrections to &
 -- Media Bistro: media industry networking and informational site.
Includes, news, advice, events listings, job boards, and discussion groups.
– daily round up of media and industry news; extensive links to
other, related publications and sites.
– Jim Romenesko’s media news: news, trends, extensive
links to other news and media related sites.
 -- Media Channel: global media news, issue guides,
educational aides.
 -- Media Week: online media news magazine.
 -- The Guardian online specialized media site.
– eWeek online version: media and new media news and resources
– Media news site, segmented by industry.
– Internews: promoting free and open media on a global scale.

– Broadband Week online version.
– career resources, etc.
 CATV Cyberlab: news, resources for cable, broadband, and new media;
extensive list of links.
– cable news, resources, extensive links.
– Electronic Media online version.
– DM News: online direct marketing news.
 comprehensive news site: news, extensive links
– Broadcasting Cable
online: news for broadcast and cable industries.
– Cableworld online version: cable and broadband news
—Min magazine: media business resources
 focus on "the economics of content"
 - interactive focus
 for designers and art directors
 - daily briefing for broadcasting and cable, with job postings for NY and LA
 Digital Music News (site/publication?)
 Inside Radio (site/publication?)
 Advertising Age site
 - Web Tips – tracks U.S. TV
 – v.c. focus?
 Variety - entertainment focus –including job links
 This Week in Technology
 British Academy of Film and Television Artists
 - digital music forum
 Int’l News on programming /content that inevitably includes notes on
many NY companies
 technology news with many notes on content deployments
 – conference listings are searchable to obtain contact info for speakers
 Multi-Channel News – publication?/site?
 – mobile media including wireless, IPTV and mobile media
 BillBoard – music publication
 Cable & Telecommunications Association for Marketing: library,
research, job bank, etc.
– National Cable & Telecommunications Association: industry
news, legislative information, career resources, etc.
– Cable and Telecommunications Human Resources
Association: job opportunities and career related links
– American Association of Advertising Agencies:
related industry links.
– New York New Media Association:
– Cabletelevision Advertising Bureau: news, research, links,
career information.

– Cable Television Public Affairs Association
– Women in Cable & Telecommunications: resources and links
dedicated to improving the standing of women in the cable industry.
 -- Association for Interactive Marketing: research, education,
events, networking.
 – association of business media companies
 – National Association of Minority Media Executives
 Magazine Publishers Association (MPA)
 Online Publishers Association (ironically I don’t have the URL)
theory and scholarship:
– CTheory: current scholarship on cultural, media, and critical theory
– media and social/cultural theory focusing on pop culture
– quick resources to major
leaders in mass communication studies
 – Esther Dyson publication on v.c. and new technologies
 Edventures – same on Ester Dyson
other resources:
 - 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
 – resource on NPR?
 www.voice123 – voiceovers
 One World? – cable advertising?
 Promo magazine and Events Marketer for event marketing people


Participate in a Unique Part-Time Consulting Opportunity

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We offer unique benefits for people who are employed full-time, retired, or in transition:
* You earn consulting fees at the hourly rate you set yourself for short assignments that occur via
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* You get to interact with influential money managers and to broaden your personal network.
* You have engaging conversations on relevant and current topics in your industry.
* You participate in a simple and straightforward program that never charges you any fees, protects
your privacy, and works around your busy schedule.
Learn more and fill out a simple application at our website.

Job Lead Sampler
(For many more check LeadLink)
.net Development, Pvt Equity Firm, etcSearch,Inc, $150K + Bonus

Consultant, Stamford, CT - Contract, etcSearch, Inc, $95 - $105

per hour
Architect-Change Mgmt, Stamford, CT, etcSearch, Inc, $125K
Exec Assistant to CEO, Morris Cnty, NJ, 3Tier Technology, Inc,
$75 - 125K
Writer-Institutional Investment, Morris Cnty, NJ, 3Tier Technology,
$100 - 150K
Chief Commercial Officer, No.African/Mediterranean City, The
Governance Grp, $200K USD
Sr Developer, Hartford, CT, Insource Consulting
Project Manager, Insource LLC
Program Manager, Insource LLC
Equity Derivatives - IT Support Mgr, Global Invest.Bank,
Momentum Resource, $144K
Project Lead-AVP Level, Momentum Resource, $144K
Data Quality Business Analyst-VP Level, Momentum Resource, Up
to $174K
C++ Developers, Momentum Resource, Rate Based on Experience
Voice Application Developer, Norwalk, CT, Wilbur Staffing