Crains New York - February 4, 2013 - (Page 16)

THE Largest Executive Recruiting Firms LIST NEXT WEEK: Top M&A deals ONLINE: Check out NYC’s largest hospital employers at crainsnewyork.com/ multimedia/galleries Ranked by number of NY area recruiters TRENDS T hanks to changes in health care laws and the booming Silicon Alley, executive recruiters are doing their own hiring. Last year, the number of recruiters at the area’s top 25 firms increased 6.0% from 2011, to 1,203, according to Crain’s research. “Our assessment of the market is bullish, but not off-the-charts bullish,” said Lloyd Solomon, managing director and co-founder of Solomon-Page Group (No. 1), which added eight recruiters last year, primarily to help deal with those growing sectors. Many health care companies are hiring because of the impending deadlines brought on by the Affordable Care Act. In 2012, the city’s overall health care employment increased by 1.7%,to 601,000, and is expected to continue growing. In addition, as baby boomers age, they are demanding more services from the industry. Because of the growing need for those with strong health carerelated skills,executive compensation in this sector is increasing,said Jeff Golove, an executive vice president at DHR International Inc. (No. 11), and the head of its health care payer-practice group. Employers are also looking to hire those with technology skills. About half of the recruiting budgets are being earmarked for these roles at 24 Seven Inc. (No. 5), which added 15 local employees, or 30%, making it the fastest-growing company on Crain’s list.“Everything digital is hot right now,” said Chief Executive Celeste Gudas. As more digital companies move to New York City, other brickand-mortar firms are forced to ramp up their multichannel efforts in order to keep pace. In retail, for example, many are starting to expand more heavily into e-commerce. In fact, 16.5% of the metro area’s nearly 400 venture-capital deals in 2012 were for e-commerce companies, according to a PricewaterhouseCoopers and National Venture Capital Association MoneyTree report. Recruiters expect cross-industry growth to continue into 2013. Execu|Search Group (No. 7) saw a 22% year-over-year growth in January, which its chief executive says bodes well for the city’s future.“The recruiting industry has always been, and continues to be, a great forecaster for the economy,”said Ed Fleischman.“New York —emily laermer City is always the bellwether.” !' CONTINUED STRENGTH Employment growth in the city’s health care industry continues to outpace that of other sectors. Number of jobs, in thousands newscom THE SCOOP Ambulatory health care Physicians’ Outpatient services offices care centers 2008 161.1 47.9 16.4 PROJECTED EMPLOYMENT INCREASES 2009 169.7 49.1 16.4 Of the 50,900 jobs the city is expected to add in 2013, most are in a few key sectors. 2010 180.9 50.3 16.8 2011 188.8 51.0 17.1 22,300 11,700 8,100 6,100 17.4 Education and health care Construction 195.8 2012 52.5 Professional and business services Leisure and hospitality Source: Independent Budget Office Source: New York State Department of Labor FORECASTED JOB GROWTH EMPLOYMENT GROWTH NEW JOBS In thousands IBO 76.3 IBO Mayor’s Office of Management and Budget 2013 1.8% 72.2 68.8 1.8% 1.3% 1.3% 50.9 49.0 2012 2.0% 2.0% 79.2 69.0 Mayor’s Office of Management and Budget 46.0 45.0 2014 2015 # ) ))") !414243 &,* 6495 +.3=98 @/ !/A *9<5 !* AAA =969798:+1/ -97 #&. &#&$&% &** +8+1381 .39<= 6**3 *= *7496(*7 #+<5 @/ %9?>2 !/A *9<5 !* AAA 12 %> !/A *9<5 !* 1.2% 1.2% 41.0 2016 1.0% 2012 Forecasts are as of December 2012. &#$ 1.8% 2013 2014 2015 2016 Sources: Independent Budget Office, Mayor’s Office of Management and Budget )" ""%$"# ""%$"# # ) # ) # " )"$ #"# ")"#) )#!($ 8 . 8 . 38+8-3+6 =/<@3-/= 2/+6>2 -+381 +8. 038+8-/ 3809<7+>398 >/-289691C -3@/ 2?7+8 23+38/. +8. >/7:9<++00381 +-<9== +--9?8>381 038+8-3+6 =/<@3-/= 2/+6>2 -+3-+6 3809<7+>398 >/-289691C 9003-/ =?::9<> 2?7+8 (%" +)(& # 8 . 8 . --9?8>381 9381 -97:63+8-/ +.@/<>3=381 +8. 7+<5/> 398 >/-289691C 2/+6>2 -+398=1<9?: -97 ! # (' 23/0 /B/-?>3@/ 38+8-3+6 =/<@3-/= 38@/=>7/8> ,+85381 ;?+8>3>+>3@/ 398 >/-289691C 2/.1/ 0?8.= :<3@+>/ A/+6>2 7+8+1/7/8> !*:*3 3( )99=>/< %> !/A *9<5 !* AAA =/@/838- -97 !(& #,(/ 23/0 ,?=38/== ./@/69:7/8> 9003-/< $/>+36 0+=2398 ,/+?>C +.@/<>3=381 +8. 7+<5/>381 .313>+6 +8. 38>/<+->3@/ .78.3(8.:* *67433*1 ) <. %> !/A *9<5 !* AAA .3=>38->3@/:/<=988/6 -97 % +# %( # 8 . 8 . 809<7+>398 >/-289691C 038+8-/ +8. +--9?8>381 2?7+8 2 -+3-= <*(9?!*&6(- 6495 &23<. @/ !/A *9<5 !* AAA /B/-? =/+<-2 -97 -( #!) $% 23/0 /B/-?>3@/ 8 . 8 . 38+8-3+6 =/<@3-/= 2/.1/ 0?8.= :<3@+>/ /;?3>C 38@/=>7/8> ,+85381 +--9?8>381 2/+6>2 -+398 >/-289691C "&683*67 %3B>2 @/ !/A *9<5 !* AAA ->8/> -97 +(" * & % (3-/ -2+3<7+8 38+8-3+6 =/<@3-/= >/-289691C 630/ =-3/8-/= :<90/==398+6 =/<@3-/= -98=?7/< +36 *.)6.(0 !869,,1*7 38*63&8.43&1 3( %3B>2 @/ !/A *9<5 !* AAA 2/3.<3-5 -97 % .% % ##% 9 7+8+1381 :+<>8/<= 38 -2+<1/ 38+8-3+6 =/<@3-/= 169,+6 >/-289691C +8. =/<@3-/= 630/ =-3/8-/= 38.?=><3+6 -98=?7/< 7+<5/>= 463 *66= 38*63&8.43&1 #+<5 @/ !/A *9<5 !* AAA 59<80/<9< 38*63&8.43&1 3( #+<5 @/ !/A *9<5 !* AAA .2<38>/<8+>398+6 -97 (%" '%( +8+1381 .39< 8 . 8 . 4;&6) !14&3 64+*77.43&1 !*&6( +.3=98 @/ !/A *9<5 !* AAA 29A+<.=69+8 -97 !* ## (( 23/0 /B/-?>3@/ 8 . 8 . !8*5-*3 6&)+46) !*&6( +.3=98 @/ !/A *9<5 !* AAA =>/:2/8,<+.09<. -97 (!" !%)*!% # 8 . 8 . +<5/>381 7+<5/> 9:/<+>398= 7/.3+ >/-289691C 898:<903>= 977*11 *=341)7 774(.&8*7 #+<5 @/ !/A *9<5 !* AAA 9< +3@/ ,9+<. +8. -9<:9<+>/ 9003-/<= 038+8-3+6 =/<@3-/= >/-289691C -98=?7/< 898:<903>= 14(&5 !*&6( ) >2 %> !/A *9<5 !* AAA 169-+: -97 $ &! 23/0 /B/-?>3@/ 8 . 8 . 16 | Crain’s New York Business | February 4, 2013 %(- .+* +8+1381 :+<>8/< 38+8-3+6 =/<@3-/= " ,9+<. -98=?7/< 630/ =-3/8-/= 898:<903>= 98=?7/< +8. +36 2/+6>2 -+398 >/-289691C -97:63+8-/ +>/ /.1/ 0?8.= :<3@+>/ /;?3>C 38@/=>7/8> ,+85381 -98=?6>381 -9<:9<+>/ http://www.crainsnewyork.com/multimedia/galleries http://www.solomonpage.com http://www.greenkeyllc.com http://www.forumgrp.com http://www.optionsgroup.com http://www.24seveninc.com http://www.distinctivepersonnel.com http://www.execu-search.com http://www.ctnet.com http://www.heidrick.com http://www.kornferry.com http://www.dhrinternational.com http://www.howardsloan.com http://www.stephenbradford.com http://www.russellreynolds.com http://www.glocap.com

Table of Contents for the Digital Edition of Crains New York - February 4, 2013

THE INSIDER
ALAIR TOWNSEND
IN THE BOROUGHS
IN THE MARKETS
BUSINESS PEOPLE
OPINION
GREG DAVID
DIGITAL NY
SMALL BUSINESS
REPORT: HEALTH CARE
THE LIST
CLASSIFIEDS
REAL ESTATE DEALS
SOURCE LUNCH
OUT AND ABOUT
SNAPS

Crains New York - February 4, 2013