Are you a New York-based organization conducting a round of layoffs? Do you need to provide comprehensive outplacement support to your affected employees so that they can find new jobs and positions as soon as possible?
New York City boasts a highly diverse and robust workforce, with an abundance of opportunities for workers at all levels of experience and backgrounds. A world-class city, New York City is well-known for its wide range of occupations available to professionals, ranging from traditional office jobs to more specialized careers such as finance or technology. In total, the city has over 3 million private-sector employees, which is roughly one-third of the entire population.
The worker demographic in New York City is heavily concentrated in service industries. This includes hospitality, retail, food services, public administration, education, and health services, among others. These industries make up nearly half (46%) of all private employment within the city’s labor force. The largest sector, however, is professional and business services, which accounts for just over one-fifth (21%) of the city’s workforce. Other notable industries are finance and insurance (15%), construction (9%), and manufacturing (5%).
The job market in New York City is highly competitive, with most positions requiring a high level of skill or experience. Those looking to join the city’s workforce should have a thorough understanding of the local economy, as well as an extensive network of contacts within their field. Prospective employees also need to be aware that wages in New York City tend to be higher than average when compared with other cities across the United States.
Wages in New York City remain among the highest in the country – especially for those with more specialized skillsets and higher educational qualifications. This makes outplacement services when conducting layoffs or reductions in force crucial as employees require support when they lose their jobs.
New York City is home to many major employers, many of whom are users of corporate outplacement services, including JPMorgan Chase & Co., Citigroup Inc., Goldman Sachs Group, Morgan Stanley, Bank of America Corp., Verizon Communications Inc., Pfizer Inc., Time Warner Cable, AT&T Inc. and PepsiCo. Other large employers in the city are the New York City government, Memorial Sloan-Kettering Cancer Center, NYU Langone Medical Center, Mount Sinai Medical Center and the Metropolitan Transportation Authority.
The city also boasts many small businesses and startups as well as some of the world’s leading tech companies such as Google, Facebook, Microsoft, and Apple. New York City is also a popular destination for media companies such as 21st Century Fox, News Corporation, Hearst Corporation and CBS Broadcasting Inc. These employers provide numerous job opportunities in the city, ranging from entry-level to executive positions.
In addition to all of these major employers, New York City is home to many retail chains and restaurants that offer full-time and part-time jobs. This includes stores like Macy’s, Forever 21, Zara Home and Uniqlo as well as restaurant chains like Olive Garden, Burger King and Chipotle Mexican Grill. There are also plenty of independent businesses that offer unique job opportunities for people living in the city. With its diverse range of employers, New York City is an ideal place for job seekers looking to build a career.
With a wide variety of career options available to professionals and competitive wages to match, it’s no surprise that New York City has become one of the most desirable cities for workers from around the world. The city’s dynamic workforce continues to be an invaluable asset as it drives economic growth and innovation forward. For anyone looking to join this vibrant job market, there are plenty of opportunities waiting if you’re willing to put in the effort. With such extensive resources available, you’ll be sure to find the perfect career in New York City.