Professional jobs opportunities up 12% but talent crunch continues
Most in demand positions in May 2018:
Thursday, 14th June 2018: The number of professional job vacancies available in May 2018 increased by 12% nationally since April according to the Morgan McKinley Ireland Employment Monitor. Overall, the availability of professional jobs reduced by 14% in May 2018 compared to the same month a year ago.
There was a reduction of 4% in the number of professionals seeking new roles in May compared to the previous month. The monitor also recorded a decrease of 17% in the number of professionals actively seeking new job opportunities in May 2018, compared to May 2017.
Morgan McKinley Ireland, Global FDI Director, Trayc Keevans commented:
“May was an active month in terms of jobs announcements and hiring activity. The job flow was steady overall with high demand in certain key areas including IT, Supply Chain and Financial Services. HR remains a very buoyant sector as companies continue to grow their employee numbers. The moderate reduction in the number of professional job seekers in May, compared to April, is largely seasonal in nature as there is usually less mobility and attrition to be seen in the market at this time of year. The year on year reduction, both in vacancies and in professionals seeking new roles, should be seen in the context of near full employment where there has been a lot of career mobility and significant jobs growth to date”.
“Similarly, in finance there was a spike in demand for Fund Accountants and Commercial Insurance professionals with an urgent need for Audit, Tax, Corporate finance, business advisory, consulting and transformation experience.”
“Along with a tighter jobs market indigenous companies are much more aware and interested in their competitors’ benefits and there has been further growth in flexibility offered through working from home options, flexi-time and sign-on bonuses. A small cohort of employers are looking at more tailored benefits to address the pain points of their employees as a retention strategy which includes childcare vouchers, ad hoc overnight expenses for those travelling long distances to work, as well as flexibility in structure of the working hours of their day to allow for drop-offs and pick-ups from crèche etc."
“ More recently with unemployment falling below 6% for the first time in ten years and the forecasts for economic growth continuing into 2019, our ability to continue to attract international talent to meet the demand for employment opportunities has never been more critical. We are starting to see a reluctance creeping in for talent in some sectors to relocate to Ireland, most notably in technology, because of the message they are hearing and reading about, on the lack of supply of appropriate standard of accommodation to rent or buy on the market. This needs an urgent solution and communication of same to ensure we instil confidence in this international talent community that Ireland remains the best place to live, work and progress their career”
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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.
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 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.
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.