January Employment Monitor | January sees pace returning to the engineering and construction sectors

Bryan Hyland 08.02.2016

The monitor recorded 37% month-on-month increase in vacancies in January 2016. The proportion of job opportunities reached the same level as in January 2015.

Highlights

  • The monitor recorded 37% month-on-month increase in vacancies in January 2016. The proportion of job opportunities reached the same level as in January 2015.
  • There was a 50% month-on-month increase in the number of professionals active in the job market between January 2016 and December 2015.
  • Growing demand for candidates is leading to increased urgency in hiring processes as employers are becoming aware of the need to move quickly to secure top  talent.
  • For areas where skills are in short supply such as IT, candidates are receiving and accepting counteroffers from existing employers proving the job market is becoming  more candidates-driven.
  • There is a defined shift from temporary towards permanent hiring as confidence in the market returns. The contract market in sectors such as IT and Supply Chain is slowing down in favour of permanent roles. 
  • There was an uptake on administrative roles within construction due to increased activities in the property and building sectors. Legal secretaries and PAs with property experience are also in high demand.
  • In the Engineering sector, new companies are entering the Irish market, candidates with start up or green field experience are in demand. 

 

Wednesday 10 January 2016: The number of professional job vacancies in January 2016 was up by 37% nationally compared to the previous month according to the January 2016 Morgan McKinley Ireland Employment Monitor. There was a 50% month-on-month increase in the number of professionals active in the job market.

 

Morgan McKinley Ireland, Operations Director, Bryan Hyland, commented:

“Both indigenous and multilingual organisations are seeing an uplift in business driven by general economic growth both internationally and domestically.

Companies are noticeably improving their recruitment processes as they seek to hire top talent. With many professionals in high demand, in many cases having multiple job offers, more employers are aware of the need to expedite the interview process and engage with the prospective hire. On the flip side, it is more apparent that employers are counter-offering employees who are considering leaving, creating additional options for professionals on the move.

This is particularly apparent in niche, high skills demand areas, such as IT, Funds and Finance.

Recognising the need to engage talent within the organisation as well and creating a future talent acquisition strategy, more companies are recruiting in the senior L&D (learning and development) area of HR to build a framework.

Demand for international tax managers has increased as international regulations and the tax environment has been changing. There is a marked increase in demand for big 4 trained professionals with either industry or financial services experience.

There is a defined shift from temporary towards permanent hiring in the early part of 2016 as confidence continues to build in the market.

Areas that are particularly active include administrative roles within the construction industry due to increased activities in the property and building sectors. Legal secretaries and PAs with property experience are also in high demand. Multilingual professionals are sought after, particularly with German, Nordic and Dutch proficiency.

In the Engineering sector, new companies are entering the Irish market, seeking candidates with start-up or green field experience, specifically with a manufacturing, quality and validation background.

The promotion of Ireland internationally and the benefits of currency fluctuations have resulted in the hospitality industry also seeing significant growth.

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Professional Jobs

Employment Monitor professional jobs

Professionals Seeking New Roles

Employment Monitor - Professionals Seeking New Roles

 

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