The omnicron surge of the Coronavirus hit the New York City economy particularly hard. Consider some of the following stats from recent months:
- Subway ridership plunged
- Hospitality and food and beverage experienced massive cancellations during an important season just as staffing shortages made it harder to do business
- 75 percent of employers have delayed their return-to-office plans
- The city’s unemployment rate of 9.4 percent is more than double the national average
- Over the course of the pandemic, NYC has sustained 100,000 lost jobs in the city’s restaurants, bars and hotels, plus a reduction of nearly 60,000 additional jobs in retailing, performing arts, entertainment and recreation
At the same time, many industries have remained strong, or actually grown during the pandemic. We still find that finding qualified NYC executive candidates remains competitive and as we enter into a new year, wanted to share some key tips on dealing with the unique qualities of the New York City hiring environment.
NYC Executive Recruiting and Work-From-Home Policies
New York City was one of the first cities hit hard by the Coronavirus pandemic and was therefore one of the first cities to grapple with a large-scale move of knowledge workers to work-from-home. Almost every major industry, even those for which the transition to work-from-home made less sense, at least had to make an effort to accommodate new working arrangements quickly, even on the fly.
The result is that many workers now demand more flexible working arrangements that allow them to cut down on their commutes or spend more time working or exercising. While it can be tricky for some organizations to adapt, we’ve put together a guide on crafting a hybrid work policy that works for your operation in New York City and beyond.
Special Considerations for NYC Executive Recruiting
The New York City market for talented executive candidates has always boasted the creme-de-la-creme of top candidates in industries ranging from cosmetics to finance, food and beverage to luxury retail. The pandemic hasn’t really changed that, what has changed however is the increasing demands talented candidates put on their job offers to be about more than compensation. Of course, our NYC candidates demand competitive compensation, but it’s worth looking at our research to find out what other qualities will keep your NYC-based employees happy, engaged and committed to the organization for the long haul.
NYC Executive Recruiting in Beauty, Cosmetics and Luxury Retail
We here at ACCUR Recruiting Services have extensive experience working to place executives in high level positions in beauty, cosmetics and luxury retail firms. What has changed in the past two years are the types of skills our clients are looking for in their NYC candidates who work in a retail-centric occupations. We see much more demand for candidates to have hybrid and e-commerce based skills and therefore excel in finding these types of specialty “diamonds in the rough.”
NYC Executive Recruiting in Food and Beverage
On the surface, the food and beverage industry in New York City is not for the faint of heart in 2022. The lack of tourists and commuters have hit this industry hard. At the same time, the industry is still quite hungry for versatile players who can take advantage of new trends in fulfillment and distribution. Our top food and beverage candidates in NYC are therefore both creative and entrepreneurial in coping with a recovering market.
NYC Executive Recruiting in Hospitality
Hospitality has shown some of the strong rebound in jobs in the past twelve months, and New York City is often considered the center of the universe in terms of hospitality and tourism. Those looking for talented hospitality executives in New York City in 2022 are expected to put a premium on strategic thinkers who can extract the most value out existing assets and properties and always have an eye toward the metrics of revenue and vacancy rate.
How We Assist Companies With Their Executive Recruiting Needs
ACCUR Recruiting Services has a long history of assisting top companies recruiting talented executives in the New York City area. Contact us to learn more.