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DIGITAL HIRING REMAINS STRONG – Q1 2018 DIGITAL JOBS INDEX

May 21, 2018 | ON Blogs

BAY AREA AND NEW YORK OUTPACE BOSTON, ACCORDING TO LATEST REPORT FROM ON PARTNERS

CLEVELAND, OH – May 21, 2018ON Partners, the results-driven retained executive search firm, has compiled the results of its revamped quarterly Digital Jobs Index for the first quarter of 2018. Bay Area employment increased at a rapid pace in Q1, with over 4,375 new jobs added in the software and internet sectors for a 2.1% gain in employment. New York City was next, with a 1.8% gain and almost 1,280 jobs added, while Boston’s headcount growth was slower at 1.1%, with an increase in headcount of just 650 people.

Bay Area growth in the first quarter was mainly driven by the success of its largest employers, which added extensively to their payrolls. New York growth was driven by broad hiring across the software and internet sectors, with 70% of companies increasing their headcount, an illustration of the city’s healthy tech scene. Meanwhile, Boston’s largest companies were relatively slow to add to their payrolls. In addition, the hiring scene in Boston was mixed, with only 52% of companies adding jobs while the remaining 48% either decreased headcount or remained flat.

“Overall, there were varying factors at play in each city, but the bottom line is that big Bay Area companies clearly won the jobs race last quarter,” noted John Barrett, a partner at ON Partners. “A possible explanation for Boston’s relatively low growth in hiring is that much of the venture capital dollars are flowing into the city’s biotech sector, which is muting employment growth in software and internet companies.”

The Digital Jobs Index tracks three key areas: headcount growth among the leading 100 software and internet companies in each city, headcount growth driven by the Top 10 companies (an indication of breadth and depth of hiring) and the percentage of companies that increased their headcount. Taken together, this data is a barometer of the current health of the labor market in the software and internet sectors.

Full results of the survey are published below.

 

QUARTERLY EMPLOYMENT CHANGE IN DIGITAL JOBS (%)

Q1-18_employment-change_digital-jobs

Q1 COMPANIES WITH INCREASING HEADCOUNT (%)

Q1-18_companies-increase-headcount

 

FIRST QUARTER 2018 RESULTS FROM ON SEARCH PARTNERS’ DIGITAL JOBS INDEX:

Boston data:

Approximately 650 jobs added for a 1.1% gain

Top 10 companies showing largest headcount gains in Boston include:

  1. Wayfair
  2. Amazon
  3. HubSpot
  4. ezCater
  5. EverQuote
  6. Salsify
  7. LogMeIn
  8. Mathworks
  9. Facebook
  10. Intralinks

Other companies showing notable gains in headcount:

  • Salesforce
  • CarGurus
  • LevelUp
  • Datadog
  • Carbon Black
  • Catalant
  • Bitsight
  • True Fit
  • PillPack
  • Buildium

New York data:

Approximately 1,280 jobs added for a 1.8% gain

Top 10 companies showing largest headcount gains in New York include:

  1. Amazon
  2. WeWork
  3. Google
  4. Compass/
  5. Facebook
  6. Uber
  7. IBM
  8. Squarespace
  9. FreeWheel
  10. Indeed.com

Other companies showing notable gains in headcount:

  • Spotify
  • Namely
  • Oscar Health
  • Moda Operandi
  • Dataminr
  • Datadog
  • Rent the Runway
  • Group Nine Media
  • BounceX
  • Casper

Bay Area data:

Approximately 4,375 jobs added for a 2.1% gain

Top 10 companies showing largest headcount gains in the Bay Area include:

  1. Google
  2. Facebook
  3. Apple
  4. Amazon
  5. Workday
  6. Uber
  7. Lyft
  8. eBay
  9. PayPal
  10. ServiceNow

Other companies showing notable gains in headcount:

  • Airbnb
  • Slack
  • Pinterest
  • Cloudflare
  • Sumo Logic
  • Zuora
  • DocuSign
  • Pivotal
  • Anaplan
  • Asana

ON Partners identified the leading 100 software and Internet companies in Boston, New York City and the Bay Area. When considering a company’s eligibility to be included in the top 100, ON Partners looks at the number of local employees in each city, employment growth and importance to the local technology community. The Digital Jobs Index represents the quarterly headcount change among those 100 companies in each metropolitan area within a 50 mile radius. ON Partners’ Digital Jobs Index is current as of March 30, 2018.

 

JBarrett-1

John Barrett:

LinkedIn: http://www.linkedin.com/in/johnbarrett3

Twitter (@jbarrett): https://twitter.com/#!/jbarrett

 

 

About ON Partners

ON Partners recruits game-changing executives for world-changing companies. ON Partners was founded in 2006 by like-minded executive search professionals desiring to establish a more client-centric alternative to the large multi-service global firms they were leaving behind. Growing quickly ever since, we have recently been named to the INC 500/5000 List and as one of the Top 25 Retained Executive Search Firms in the U.S. Specializing in recruiting C-suite, Board and Vice President/Senior Management talent, our Partners have a long successful track record of building world class management teams across broad industries. For more information, visit www.onpartners.com.

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