Professional job vacancies up 24% compared to same month last year
Wednesday 11 February 2015: The number of professional job vacancies in January 2015 was up by 24% compared to the same month last year according to the January 2015 Morgan McKinley Ireland Employment Monitor. The Monitor recorded a 31% increase in job availability in January 2015 compared to December 2014, reflecting a confident start to hiring in the new year.
Morgan McKinley Ireland Operations Director, Bryan Hyland, commented:
“It is early in the year but indications are that companies remain confident and optimistic in their hiring outlook, with an increasingly long term view on their hiring plans. As the economy continues its shift from recovery to growth, the skills required to consolidate and drive this growth across all sectors are in focus.
In financial services, the increase in corporate activity is leading to a growing demand for specialists across M&A, corporate treasury and structured finance who are ACA, ACCA or CFA qualified. While in retail banking commercial lending, insurance, sales and operations are all growth areas.
The ICT sector nationally remains buoyant and demand for permanent and contract professionals particularly for developers with experience in programming languages such as Java, .Net and UI. Another area of growth is for professionals with client facing skills which is a result of a greater focus on business expansion and sales in 2015.
Within the HR sector we are seeing a strategic focus on long term talent and development planning, with increasing demand for specialists in performance management, employee engagement and retention.
The construction sector continues to recover steadily, with hiring activity primarily in the commercial and industrial sector which are offering temporary and fixed term contract positions reflecting the cautiousness that’s still in place in this industry.
Finally the drop in the number of professionals seeking positions, an 18% decrease compared to January in 2014, indicates a greater level of stability in the market.
View the January Employment Monitor Inforgraphic here.
Chart 1: Professional jobs
Chart 2: Professional seeking new roles
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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 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 professionals 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.