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XCONOMY: WAYFAIR, AMAZON LED BOSTON TECH’S 2015 HIRING BINGE—WHAT’S NEXT?

Mar 1, 2016 | ON Blogs

Excerpt from an article by Jeff Engel featuring John Barrett, Partner, ON Partners.

March 1, 2016 | Xconomy.com

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Boston-area software companies just capped off their busiest year of hiring since 2012, but there are signs of a possible slowdown on the horizon.

Local digital-tech companies added approximately 755 net new jobs in the fourth quarter last year, according to the most recent quarterly study of local data compiled by John Barrett, a Boston-area partner with executive recruiting firm ON Partners. Overall in 2015, Boston’s tech sector posted its strongest annual hiring gains since Barrett began tracking local data in 2012.

“The market continues to be unbelievably hot,” Barrett says in an interview.

Barrett tracks data from about 200 Boston-area software companies—primarily in consumer Web, small business software, advertising and marketing tech, and payments—that employ at least 10 people. His statistics are gathered by searching LinkedIn for the number of locally based employees working for those tech companies. That means the data are not comprehensive—some employees might not update their LinkedIn profiles in a timely fashion, or might not even have one. But Barrett says his data are usually within 5 percent of official hiring numbers.

His survey also tracks tech hiring in New York, where digital companies added about 1,720 net new jobs in the fourth quarter, but full-year hiring was at its weakest since 2012.

Read the full article here: Xconomy.com

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Resources: Fourth QTR 2015 Digital Jobs Index

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