33% increase in professional opportunities in Ireland over January 2017

Aldagh McDonogh 15.02.2017

January has seen a 33% increase in professional opportunities compared to December 2016. There is also a 6% increase in January 2017 compared to the previous year on professionals seeking new opportunities.

Highlights

  • The monitor recorded a 33% month-on-month increase in professional job vacancies in January 2017.
  • There was a 56% month-on-month increase in the number of professionals active in the job market between January 2017 and December 2016.
  • One in two professional positions available in the first month of the year represented regional opportunities which is a new trend when compared to the same period in 2016 when the trend was towards more urban centred positions.  
  • In light of Brexit the largest number of inquiries are currently coming from UK based Asian Financial Services institutions who are contingency planning 
  • In engineering for the first time since the downturn environmental health specialists are in strong demand again. However the highest demand is for R&D engineers due to further investment in innovation hubs around the country.  
  • In Financial Services Ireland is competing with other financial jurisdictions including Frankfurt, Luxembourg and Paris to attract more banking operations to Ireland. The interest among returning diaspora with this skillset is growing.  
  • More niche skillsets are being sought after for regional fund operations in private equity and real estate and the market has been able to meet these demands largely due to talent willing to relocate outside of Dublin.  


 

Wednesday 15th January 2017: The number of professional job vacancies in January 2017 was up by 33% nationally compared to the previous month according to the January 2017 Morgan McKinley Ireland Employment Monitor. There was a 56% month on month increase in the number of professionals active in the job market.

Morgan McKinley Ireland, Director of Inward Investment, Trayc Keevans commented:

January marks the beginning of a new hiring phase for many companies and we note for the first time more parity between the levels of jobs available regionally and in urban centres.

In particular the IT market was exceptionally busy regionally both for permanent and contract roles with strong demand for Project Managers, Front End Developers, SAP Specialists with new demand for Systems Administrators.  

The dynamic in the IT sector between Irish headquartered companies and US multinational companies has shifted. In the past, it was difficult for indigenous Irish SMEs to compete with larger multinational companies who could offer better salaries, conditions and access to cutting edge technology. But now we are beginning to see a more level playing field. The majority of multinational companies have become slower in terms of their hiring times and this is affecting the calibre of IT professionals they have available for selection. On the converse, Irish companies are winning the war for talent in this area because they are able to mobilise their hiring process and match the innovations of multinationals to claim the best talent on offer.  

The overseas technology expansion and hiring plans of US companies have also slowed down as companies wait to see what restrictions if any that the new President of the United States will place on companies holding Intellectual Property overseas. Again this has allowed Irish companies well placed to compete for available talent to reap the benefits.”  

In relation to Brexit we have seen most interest in Ireland coming from large Asian headquartered investment banks with operations in the UK who, unhappy with Brexit, are conducting contingency planning and considering the talent that Ireland has to offer for their operations should they decide to relocate operations here. Should they choose to do so remains to be seen but Ireland’s financial services talent pool is well positioned to meet their requirements if they do decide to locate here.

Professional Jobs

Professionals Seeking Jobs

About the Morgan McKinley Irish Employment Monitor

The Morgan McKinley Irish Employment Monitor (previously known as the Premier Group Irish Employment Monitor) measures the pulse of the Irish professional jobs market by tracking the number of new job vacancies and new candidates within the Republic of Ireland each month. See www.morganmckinley.ie for details. 

Statistical methodology
Monthly new jobs and new candidate figures are based on Morgan McKinley’s own monthly records of new permanent job vacancies and new candidates registering with the firm for permanent employment. Statistics for the full market are derived using Morgan McKinley’s own market share.

Job Classification:

Job vacancies are professional level roles within the following sectors and functions: Banking & Financial Services, Commerce & Industry Finance, Insurance, Public Practice & Tax, legal, HR, IT, Life Sciences, Engineering, Process & Manufacturing, Professional Services, Sales & Marketing, Customer Service, Secretarial & Office Support.

Geography:

The data is based on new job vacancies and new candidates registered with Morgan McKinley’s network of Irish offices in Cork, Dublin, Kilkenny, Limerick and Waterford.

About Morgan McKinley in Ireland

Irish owned Morgan McKinley is a global professional recruitment consultancy connecting specialist talent with leading employers across multiple industries and disciplines.
With offices across Ireland, the UK, EMEA, Asia and Australia, its professional recruitment expertise spans the accounting & finance, financial services, technical and IT sectors. Morgan McKinley is a preferred supplier to most of the major employers in its specialist sectors and thousands of smaller local firms.

In 2016, Morgan McKinley was recognised as one of the top five Best Workplaces in Ireland, in the Great Place to Work Awards. The company also received an award for the best Learning & Development Organisation at the Irish Institute of Training and Development Awards and ranked sixth globally on LinkedIn’s list of the Most Socially Engaged Staffing Agencies.

Transformation Director
amcdonogh@morganmckinley.com