July 2018 Employment Monitor Press Release

Stuart Curran 22.08.2018

 

Most in demand positions in July 2018:

  • Financial Services: Fund Accountant, Financial Accountant, Data Analyst, Risk Managers
  • Science & Engineering: Process Engineer, QC, Chemistry Analyst
  • Technology: IT Security Consultant, IT Governance Specialist, Software Engineers with machine learning/AI and Robotics
  • Data Analytics:  Senior Data Analysts, Data Scientist, Big Data Specialist
  • Professional services: Audit, Tax, Accounting & Legal
  • Multi-lingual: Customer Service & Technical support with German, Dutch and French the most in demand languages for this month

August 2018: The number of professional job vacancies available in July 2018 increased by 1.74% nationally since June according to the Morgan McKinley Ireland Employment Monitor. Overall, the availability of professional jobs increased by 13% in July 2018 compared to the same month a year ago. This is the sixth consecutive month of jobs growth and the highest number of jobs in more than 12 months.

There was also an increase of 5.1% in the number of professionals seeking new roles in July compared to the previous month. However, the monitor recorded a decrease of 9.7% in the number of professionals actively seeking new job opportunities in July 2018, compared to July 2017 which is following the trend of a 7.1% YOY drop in numbers on the Live Register.  

Morgan McKinley Ireland, Global FDI Director, Trayc Keevans commented:

“There has been no traditional seasonal slowdown in terms of job creation and growth. There is still a very strong confidence in the market place as July was a very healthy month for job announcements. There was also an increase in the number of professionals seeking new roles as the summer months and school holidays have proven a popular time for candidates with families seeking to relocate here, confirming that Ireland continues to be a major lure for returning migrants and foreign talent interested in taking up roles particularly in the tech space.  Internal relocation within Ireland is beginning to grow as the high value job opportunities in the regions continue to come to market.  We’re seeing a lot of talent migrating from across Europe and the UK citing Brexit as a major push factor.” 

“Sectors we’ve seen the most demand for over the past month include life sciences, technology and professional services.  STEM continues to offer an increasing number of diverse opportunities, particularly in data analytics. The automotive sector continues to drive demand for machine learning, deep learning, AI and robotics skills as Ireland begins to develop a cluster of employers developing technology for a future of driverless cars.  In financial services there is was broad mix of positions in high demand including treasury professionals of all levels, fund accountants, specifically hedge, real estate and private equity treasury, payments professionals including operations and compliance and client on-boarding professionals with AML in the banking sector. This demand is partly being driven by companies seeking to implement previously announced Brexit strategies.”

The Professional Services Firms are continuing to grow with announcements being made across the country to add numbers as demand for services grow. Tax professionals with international tax experience are highly sought after with legal and accounting firms for their growing complex client needs. Global Mobility professionals are also required to facilitate the net inward migration trend as professional firms are continuing to support the skills needs of the multinational sector which is coming from mainland Europe, UK and many parts of Asia.

“There are a lot of positives in terms of what is happening right around the country. Approximately 65% of the publically announced jobs in July were outside of Dublin. In the early part of the economic recovery, job creation was skewed towards the capital. However, we are starting to see a real shift as regional job creation has grown significantly. In the last month, we’ve seen announcements for high-value jobs in areas such as Athlone, Donegal, Laois, Limerick, Sligo and Waterford. The regions are definitely winning in terms of work-life balance and the cost of living.”

Professional Jobs
Professional Job Seekers

-ENDS-
For media queries please contact:

Sarah Lawlor, MKC Communications, 01 703 8608 

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 most of the major employers in its specialist sectors and thousands of smaller local firms.

In 2016, Morgan McKinley was recognised as one of the top five Best Workplaces in Ireland, in the Great Place to Work Awards. The company also received an award for the best Learning & Development Organisation at the Irish Institute of Training and Development Awards and ranked sixth globally on LinkedIn’s list of the Most Socially Engaged Staffing Agencies.

Stuart Curran's picture
Senior Marketing Executive
scurran@morganmckinley.ie