April Employment Monitor | Availability of professional job opportunities grows 2% in April

Bryan Hyland 11.05.2016

Number of professional job seekers rises by 6% compared to April 2015

Monthly Data:

  • Professional job opportunities increased by nearly 2% in April, compared to March 2016. There was a decrease of 9% in in professional job opportunities compared to April a year ago.  However there is an overall balance and stability in the market.
  • The number of professionals seeking new roles increased by 6% in April, compared to March 2016.  This reduced by 8% compared to April 2015.
  • In Financial Services, areas with continuing strong opportunity include Corporate Governance, Risk, Compliance, Financial and Business Analysis, Qualified Financial Advisory and Project Management.
  • In Accountancy, there is strong demand for Audit and Taxation professionals, experienced consultants and newly qualified accountants.
  • Growth in the general insurance market has led to a spike in demand for Chartered Insurance Professionals (CIPs) and experienced staff from commercial backgrounds.
  • In general, the ICT, Pharma and Engineering sectors remain buoyant with very strong demand for candidates and ongoing competition for talent and skills availability.
  • There is a strong and continuing requirement for candidates with language skills including German, Scandinavian languages, French, Dutch, Spanish and Italian.

 

Wednesday 11th April, 2016 - The availability of professional job opportunities in April 2016 (12,203) increased by nearly 2% sequentially since March 2016, but decreased by 9% year on year since last April (13,445), according to the Morgan McKinley Irish Employment Monitor.  

The number of professionals seeking new roles in April 2016 (7,588) increased by 6% sequentially since March 2016, however this is a reduction of 8% year on year since April 2015 (8,225).

Bryan Hyland, Operations Director, Morgan McKinley Ireland said:

Overall April was very strong from a jobs announcement perspective including multinationals with high value opportunities in the ICT and pharmaceutical sectors.  Initial direct employment levels, for example in the construction and configuration of facilities, are being augmented by workforce recruitment as these operations come on stream.

We are seeing a general level of stability and balance in the market and this is underpinned by increasing confidence among indigenous firms where there is organic growth and recruitment, including a noticeable rebound by the SME sector.  Overall, the ‘time to hire’ has become faster, by which we mean employers are working ever more quickly to evaluate and bring on board new recruits, reflecting the demand for highly sought after candidates.

Opportunities in Financial Services are becoming available at increased pace, particularly in governance, and risk and compliance roles in line with enhanced regulation, stringent oversight and the overall depth of responsibility that is now being realised throughout the sector.  Interestingly, there is no immediate large-scale talent pool available to pull into this area. Experienced people are being sourced from qualified professional areas including accountancy, audit and financial project management, with enhanced rewards and benefits.

In Accountancy, there is significant demand for recently qualified accountants across Industry, Financial Services and within professional service firms who are keen to retain talent post training contracts.

As a sector, Data continues to evolve rapidly and this is driven strongly by security considerations where Cybercrime remains a serious issue to be countered by the entire economy. This is stimulating jobs availability for professionals in analytics with a specialisation in active detection of threats rather than prevention. We are also seeing increased availability of roles in Financial Services for people with analytics qualifications.

ICT and Engineering remain buoyant with a strong shift towards permanent positions rather than contract roles.  As many IT projects come to a conclusion and reach a steady state, employers are seeking professionals for these continuing operations including the conversion of contractors into permanent roles.  This is benefiting the contract sector where skills are in high demand and rates remain strong.

Morgan McKinley remains confident for the Irish professional jobs market. From an employment perspective, reputation management and the projection of organisational values and culture have become increasingly important in attracting candidates. From a job seeker’s perspective, the market continues to present a wide range of opportunities across multiple sectors and it is very encouraging to see resilience in indigenous sectors.

**End**

Professional Jobs

Professional Jobs

Professionals Seeking New Roles

Professionals Seeking New Roles

Issued by

Rachel Graham, MKC Communications, 01 703 8600 / 086 8488092

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 candidates:

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 many of the major employers in its specialist sectors and thousands of smaller local firms.

 In 2015, Morgan McKinley was recognised as one of the top 5 Best Workplaces in Ireland in the Great Place to Work Awards. The company was also a Ruban d’Honneur recipient in the 2014/5 European Business Awards.

Bryan Hyland's picture
Commercial Director
bhyland@morganmckinley.ie

LATEST JOB VACANCIES

Here you get to work in the city centre and avail of free parking!
Cork12.11.2019
Would you like to become a Financial Accountant with one of the most instantly recognisable global brands?
Cork12.11.2019
Great opportunity for an ambitious Accounts Payable professional to join an established team.
Cork12.11.2019