August Employment Monitor | 11% more professional opportunities available in August 2015 compared to the same month last year

Bryan Hyland 16.09.2015

Uplift in IT roles continues - 15% increase in the number of IT roles available this month, compared to July 2015

Highlights Overall

  • 11% more professional jobs available this month compared to August last year.
  • 3% increase in the number of professionals entering the jobs market, compared to August 2014.
  • A month on month decrease of 13% in professional jobs coming to market, primarily reflective of the season.
  • There was a 15% increase in the number of IT roles available this month, compared to the previous month.
  • In Financial Services, regulatory changes continued to drive demand for professionals with risk and compliance backgrounds.
  • German was the most in demand language, followed by Dutch, French and Nordic.

 

Further Insights

  • Within the IT sector, iOS Developers and UX designers were in demand due to the release of the Apple watch and the increasing focus on the end user experience.
  • IT infrastructure and support roles alone increased by 15% in August, primarily driven by multinational global technology and information services centres located in Dublin
  • Changes in international tax environments continues to increase demand for international tax accountants and managers.
  • An uptake in the requirement for corporate finance professionals was underpinned by the growth of M&A activity in the economy

 

Wednesday 16 September 2015: The August 2015 Morgan McKinley Irish Employment Monitor registered (11,218) professional job opportunities compared with (10,120) in the same month last year. There was a 3% increase in the number of professionals seeking employment compared to August 2014.

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

“Despite the expected seasonal slowdown, the professional recruitment market remained comparatively strong in August, particularly across the IT and finance sectors. Overall companies remain cautiously optimistic in their hiring outlook, conscious of the need to attract and retain talent, while sensitive to any uncertainty within the global economic environment.

The IT sector remains extremely robust and is currently the primary engine of growth within the Irish professional jobs market. The requirement to attract students into careers within the STEM sector must remain a core pillar of any jobs and development strategy, with opportunities to fast track and up-skill a key element. There should also be a concerted focus on attracting women who may have left the industry, for a variety of reasons, to consider returning - the experienced economy should be tapped into.

Aligned to the growth and strength of the IT sector is the continued drive for multilingual professionals. Traditionally located within customer service, these roles have evolved as companies invest and train entry level staff to more senior positions. German, Dutch, French and Nordic were the most sought after languages and the ability to attract talent with these languages remains a challenge.

Post the Sarbanes Oxley Act, the requirement for auditing and consultancy firms to delineate their offerings has seen the exponential growth of the management consultancy sector. The Monitor witnessed a major increase in the requirement for consultancy and project management professionals this year, peaking in August, with roles primarily sought in HR, business process engineering and financial software implementation. The breadth of offering will continue to challenge niche specialisms in the consultancy sector.

The August monitor has confirmed the picture of an increasingly globalised, multilingual, diverse and mobile professional workforce.”

**Ends**

Chart 1 – Professional Jobs

Professional Jobs

Chart 2 - Professionals seeking roles

Professionals seeking roles

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.

 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