ON Search Partners, a leading retained executive search firm, has compiled the results of its quarterly East Coast Digital Jobs Index. Compared to the prior three years, both cities are off to a slower start in 2015 in terms of new job creation in the digital sector. New York's first quarter digital hiring increased 3.4% while Boston's increased 1.6%.
ON Search Partners' John Barrett observed: "The first half of the year is normally the strongest in terms of new job creation. Both Boston and New York City created fewer new jobs than we would have expected in the first quarter. However, we expect to see stronger numbers in the second quarter of 2015."
New York's Top 10 list of job creators includes for the first time ClassPass. Also, NYC's Up And Comers List for the first time includes Bustle, Button Inc., FreeWheel, JIBE, Kickstarter and Poppin.
Boston's Top 10 list featured only familiar names from past quarters. No new entrants made the list of Top 10 job creators. However, the Up And Comers List included newcomers Salsify, BlueSnap, SiteSpect, Redpoint Global, Booster, PillPack, Wanderu and DealerRater.
Other interesting take-aways from the first quarter Digital Jobs Index include:
First Quarter 2015 results from ON Search Partners' Digital Jobs Index:
New York data:
398 Internet and digital companies with 10+ employees in New York City
Top 10 companies showing largest headcount gains in New York include:
194 Internet and digital companies with 10+ employees in Boston
Top 10 companies showing largest headcount gains in Boston include:
- Constant Contact
ON Search Partners surveyed only pure-play Internet and digital companies. Based on its research, the company believes that the businesses surveyed represent more than 90 percent of the Internet and digital employees in New York and Boston. Major digital sub-sectors covered include consumer Internet, small business Internet, advertising technology, consumer payments and marketing automation. Excluded from the survey were digital-focused employees of "traditional" companies and digital ad agencies. ON Search Partners continually adds or subtracts companies for inclusion in the Index based on the criteria of employing 10 or more employees in either the New York or Boston metropolitan areas. ON Search Partners' East Coast Digital Jobs Index is current as of April 1, 2015.