Irish professional jobs market continues to hold steady as 2009 draws to a close [press release]

Aldagh McDonogh 23.11.2009

Ireland’s hiring market remains stable in November 2009.

Highlights

  • During November 09, the number of professional job vacancies in Ireland increased by 2%, compared to October 09
  • The year-on-year monthly comparison registered 27% fewer new professional job vacancies, comparing November 09 to November 08
  • The number of professionals beginning their search for a new role during November 09 held steady compared to October 09, showing a slight 1.5% decrease
  • Year-on-year 6% fewer professionals entered the new jobs market in November 09 compared to November 08

Irish professional jobs market continues to hold steady as 2009 draws to a close

The general trend emerging since July 09 that has seen a steady increase in the number of new jobs in the Irish professional jobs market continued into November 09, according to the Premier Group Irish Employment Monitor, which measures the pulse of the Irish professional jobs market. The number of new professional job opportunities which opened up in the Irish market increased from 4,333 in October 09 to 4,432 in November 09 – an increase of 2%. The year-on-year comparison of new professional jobs shows there are 27% fewer new jobs in November 09 compared to November 2008. More positively though, analysis of Premier Group data shows that the dramatic rate of fall in the number of new vacancies year-on-year in the hiring market in Ireland has steadied over the last quarter.

10,830 professionals began their search for a new role in Ireland in November 09, a slight reduction (-1.5%) on the 11,105 professionals that entered the professional jobs market in October 09.  This continues to show stability in the number of professionals entering the jobs market since September.  

Brian Murphy, Managing Director of Premier Group in Ireland comments:

“While the number of new vacancies coming on to the Irish professional jobs market in November showed a small 2% increase over October it was encouraging to see any increase in the month. As the year-end approaches many companies put hiring on hold until the New Year and recruitment traditionally becomes quieter, so we view this steady flow of jobs positively. It certainly appears that we have reached a base level since the severe slowdown experienced in the second half of 2008 with three months of pretty level activity since the particularly quiet months of July and August.

“Although hiring managers remain concerned about the possibility of further economic volatility, more companies are completing the hiring cycle and there has been a decrease in the number of businesses re-thinking their plans once they start the interview process. The number of new professionals entering the market remained steady in November and this coupled with the tight number of open jobs continues to ensure a very competitive process for available opportunities”.

- ENDS -
Notes to editors
Further press information:

About the Premier Group Irish Employment Monitor

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. The first Premier Group Irish Employment Monitor was launched in May 2009 with data from April 2008 onwards.

Statistical methodology

Monthly new jobs and new candidates

Monthly new jobs and new candidate figures are based on Premier Group’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 Premier Group’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 Premier Group’s network of Irish offices in Cork, Dublin, Kilkenny, Limerick and Waterford.

About Premier Group

Premier Group is Ireland's leading recruitment consultancy with offices in Cork, Dublin, Kilkenny, Limerick, and Waterford. Internationally, the Group operates from 24 offices across eight countries. Subsidiary brands within Premier Group in Ireland include Accreate Executive Search & Interim, Brunel, la crème, Premier, and Verkom. Morgan McKinley and iQ selection also form part of the Premier Group outside of Ireland.

Morgan McKinley London Employment Monitor

Premier Group currently publishes a similar monitor in London under its subsidiary brand name, Morgan McKinley. The highly-regarded Morgan McKinley London Employment Monitor was launched in 2004 and reports on the new roles, candidates and salaries within the financial services jobs market in London each month.

Transformation Director
amcdonogh@morganmckinley.com