High skilled sectors are the most buoyant nationally
Wednesday 9 March 2016: The February 2016 Morgan McKinley Irish Employment Monitor registered a 11% decrease (11,762) in the number of professional job opportunities compared to January 2016 but was on a par with the same month last year. There was a 2% decrease in the number of professionals seeking employment this month compared to the previous month, but a 14% increase compared to February 2015.
Morgan McKinley Ireland Operations Director, Bryan Hyland, commented:
"January 2016 represented an exceptionally strong and confident start to the hiring outlook. This month we have seen a levelling off of this intensity. All economic indicators remain positive for steady job growth this year; however any prolonged period of political uncertainty would not be welcome and could have the potential to impact inward investment decisions of FDI companies.
Nationally, talent shortages remain challenging in high-skilled sectors and niche expertise is sought in manufacturing, engineering, IT and risk areas within banking and insurance. This has led to salary inflation in these sectors where the talent pool is limited. Gradually the market recognizing the need for a collective strategy to combat these shortages by attracting new talent to Ireland and lure expatriates back from overseas.
Within the competitive hiring ICT sector, more tech startups are winning the war for talent this month by focusing on their employer proposition, promoting their company culture and overall remuneration package. Notable high demand areas include; IT security due to continued cyber security concerns and iOS developers reflecting the industry focus on mobile and front end customer solutions.
The construction and building services sector continues its slow but steady journey back to health, with an increase in professionals coming back from abroad to pursue opportunities."
Professionals Seeking New Roles
Rachel Graham, MKC Communications, 01 703 8600 / 086 8488092
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.
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 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 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.