April Employment Monitor | Record number of job opportunities recorded by Morgan McKinley’s April Employment Monitor

Aldagh McDonogh 12.05.2015

​Record number of job opportunities recorded by Morgan McKinley’s April Employment Monitor.

Highlights Overall

  • April 2015 saw a record number of professional job opportunities come to market – 13,445 jobs in a four week period.
  • A 1% decrease in professionals seeking employment this month compared to April 2014.
  • 18% rise nationally in the number of IT jobs available this month compared to last, with a significant increase in permanent roles within the development space.70% of IT roles were within the multinational and banking sector.
  • HR candidates continue to return from overseas, primarily from the APAC (Asia Pacific countries).
  • Strong demand nationally for newly qualified accountancy graduates. Reversing the trend of recent years, a greater percentage of new accountancy graduates are choosing to take up roles in Ireland.
  • Uplift in demand in April for qualified financial advisor (QFA) roles across retail banking, life and pensions and investments, indicative generally of the rise in disposable income in the wider economy which is allowing for more investment in life and pensions.

 

Further Insights:

  • Introduction of lifetime community rating has resulted in an increase in product development, sales and customer service roles within the health insurance sector.
  • The continued buoyancy of Ireland’s manufacturing and export sector was reflected in an increased demand for professionals within supply chain, in particular procurement and production planning.
  • Growth of the Fintech industry is fuelling requirement for both IT and systems finance professionals.
  • A career in HR appears to be more attractive to men than previously, with an increase in male candidates for roles, particularly within multinationals.
  • German was the most in demand language in April.

 

Wednesday 13 May 2015: The April 2015 Morgan McKinley Irish Employment Monitor registered a record number of professional job opportunities (13,445) compared with the same month last year (9,475). While there was a 1% decrease in the number of professionals seeking employment compared to April 2014.

Morgan McKinley Ireland, Chief Operations Officer, Karen O’Flaherty, commented:

“This month’s Employment Monitor indicates that job creation for professionals is continuing to grow, with a record number of positions registered this month, reflecting continued confidence both within the indigenous and multinational sectors. Positively, this uplift continues to spread beyond Dublin, with the manufacturing and agri food industries driving job creation in the West and Midwest regions. Overall Finance, HR, IT and Supply Chain are the most active sectors.

Many returning HR professionals are willing to take a reduced remuneration package (relative to the APAC market they were leaving) to facilitate their return. Lower living costs, particularly outside of Dublin and family considerations were factors in the move.

The gender balance among candidates applying for careers in the HR profession is also evolving. Up until 2013, a ratio of 70:30 was estimated of women to men in the industry. This dynamic is now changing and is being driven by a number of factors including;  higher remuneration packages, executive level positions within corporate organisation’s and the emergence of specialisms within the profession such as Analytics. Multinationals, many of whom have large shared services and HR teams based in Dublin, are also attracting a greater mix of male and female graduates.

Recently qualified chartered accountants are in high demand nationally and have multiple job options to choose from. Reversing the trend of recent years, a greater percentage of new accountancy graduates are choosing to take up roles in Ireland, before considering their first relocation opportunity.

The growth of the Fintech industry is also fuelling the requirement for both IT and systems finance professionals as technology changes how financial transactions are conducted. This is most evident currently within investment banking.

Other monitor results to note are that increasing global regulations and changes in international tax environments has led to an increase in demand for tax managers and tax solicitors.

 

Chart 1 – Professional Jobs

Professional Jobs

Chart 2 - Professionals seeking roles

Professionals Seeking Roles

Morgan McKinley Monthly Employment Monitor Infographic is now here

Issued by:

Rachel Graham, MKC Communications, 01 7038600

Spokespeople available on request for further industry insights and commentary.

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.

Transformation Director
amcdonogh@morganmckinley.com