21% month-on-month drop in job seekers as Ireland enters a period of skills shortages

Aldagh McDonogh 18.01.2016

The Monitor recorded a 24% month-on-month decline in vacancies in December 2015, with a 5% decline year-on-year

December 2015 Employment Monitor - Infographic

 

Highlights

  • The Monitor recorded a 24% month-on-month decline in vacancies in December 2015, with a 5% decline year-on-year
  •  Although the proportion of job seekers weakened by 21% month-on-month, the overall figure was up 5% for the year 
  • The finance sector has witnessed a return of the bonus culture with mid to senior level professionals receiving up to 25% annual bonus.
  • Regionally, finance firms are beginning to expand their senior management teams post-recession, with more emphasis on Financial Controller and Finance Director roles  
  • Risk professionals are highly sought after currently as the risk and compliance market continues to grow. 
  • The recent positive sentiment around the Irish economy has resulted in emigrants looking to return home, particularly from London, Australia and Canada
  • Although there is a significant supply of QFA experienced banking candidates, the industry remains stagnant 
  • Within multilingual, there continues to be strong demand for German speakers as well as increased demand for candidates with fluent Hebrew and Turkish 

 

View the full press release and commentary for the December Employment Monitor here.

Morgan McKinley's Irish Employment Monitor measures the pulse of the Irish professional jobs market by tracking the number of new job opportunities and professionals seeking new roles within the Republic of Ireland each month.

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Transformation Director
amcdonogh@morganmckinley.com