February Employment Monitor | Professional job opportunities fell by 11% compared to January 2016 but remain constant with the same month last year

Bryan Hyland 08.03.2016

High skilled sectors are the most buoyant nationally

Highlights Overall

  • Professional job opportunities were on a par with the same month last year (11,762) but fell by 11% compared to January 2016 (13,173).
  • Numbers of professionals seeking new roles was down 2% on the previous month but up 14% on February 2015.
  • The monitor recorded significant talent shortages within the food, pharma and medical devices sectors nationally, particularly across engineering and procurement roles.
  • IT remains a key driver of the high skills jobs market. The burgeoning tech startup sector is winning the war for talent this month, with share options and flexible packages proving attractive to IT professionals on the move.
  • New ACA qualified accountants are exiting their training contracts at this time of year and due to intense competition between industry and practice, can expect starting salaries ranging from €40 - €50K depending on location.
  • Roles in construction and building services are up 40% on the same time last year.
  • Multilingual professionals remain sought after - German continues to be the most required language, followed by Dutch and Nordic.
  • Hiring in the Funds sector has levelled off compared to the same time last year. This is due to a lull in activity in the financial markets, with APAC in turmoil and the uncertainty of the Brexit outcome.
  • Learning and development specialists were the most sought after HR professionals in February 2016, reflecting a focus on retention strategies, particularly within professional services firms.
  • Dublin’s position as a global aircraft leasing hub continues in particular for professionals with expertise in leasing and commercial lending.

 

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."

End

Professional Jobs

Professionals Seeking New Roles

Professionals Seeking New Roles

Professionals Seeking New Roles

Issued by

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. 

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