July Employment Monitor | Availability of job opportunities rises by 2.4% compared to June 2016

Aldagh McDonogh 09.08.2016

Number of professionals seeking new roles fell by 2% compared to the previous month.

Highlights:

  • Availability of professional job opportunities rose nationally by over 2% in July 2016 compared to June.
  • There were 8% fewer professional jobs available compared to July 2015.
  • The number of professionals seeking new roles fell by 2% in July, compared to June 2016.
  • 19% fewer professionals were looking for roles in July when compared with the same month last year.
  • The pharma, medical devices and IT sectors were the top performing sectors in relation to hiring activity this month.
  • Within IT, Big Data remains a major driver of jobs activity as technology continues to cross over different areas of business.
  • In Financial services, the funds sector experienced a slower start to the year in terms of job opportunities however most recently there is an increased demand from a number of key employers in Dublin looking for talent including Junior and Senior Executive Level Operations personnel in; TA (Transfer Agency), Fund Accounting and Custody, Compliance and Risk.
  • Compliance, risk and tax experts are in demand generally within Finance, along with newly qualified accountants. SME organisations, who have greater exposure to the UK market, are taking a more considered approach to hiring accounting and finance staff currently.
  • Turkish, Nordic and Dutch were the most in demand languages in July.

Wednesday 10 August 2016: The availability of professional job opportunities in July 2016 (11,909) rose by 2.4%, when compared to June (11,633) according to the Morgan McKinley Irish Employment Monitor. The availability of professional job opportunities in July 2016 (11,909) rose by 2.4%, when compared to June (11,633) according to the Morgan McKinley Irish Employment Monitor.

The number of professionals seeking new roles fell by 2% to 7,635 in July when compared to June 2016 (7,788).

There were 9% fewer professional job opportunities available to Irish job seekers when compared to July 2015.

Morgan McKinley Ireland, Chief Operations Officer, Karen O’Flaherty commented:

“Jobs growth was relatively steady in July. Fewer candidates were actively seeking new roles, which is primarily due to seasonal factors. Pharma, Medical Devices and IT were again the most buoyant sectors, following by Financial Services.

Concerns remain about the availability of talent, particularly in the IT and multilingual sectors. Technology is crossing over every sector and developing hybrid skill sets is more necessary than ever. The notion of up skilling is not new but the speed and pace of change, driven by technology, means almost all jobs require additional learning to stay relevant. A national skills transfer programme should be prioritised to ensure we have a flexible and resilient workforce.

We have yet to see any dramatic change in hiring post Brexit. The outcome of the UK referendum and visibility on future changes to trade, travel and legal changes is however likely to require a recalibration of hiring forecasts and skillsets for certain employers depending on their sector, size and specialisation.

Within Funds the volatility that characterised the sector earlier in the year has subsided with an increase in middle and back office functions on offer in Dublin post Brexit. A migration of talent from London to fulfill these roles is expected over the coming months. There is particular demand for professionals with extensive compliance, risk and regulation experience.

In legal and professional services, the Monitor recorded a ramping up of activity to meet the contract amendments that may be in the pipeline following the UK’s decision to leave the EU.

Overall, we have again seen consistency rather than growth this month. Most HR departments are taking a business as usual approach to resource planning as the fallout from external political and economic developments are analysed”.

 

Professional Jobs:

Professional Jobs

Professionals seeking new roles:

Professionals seeking jobs
 

Issued by

Rachel Graham, MKC Communications, 01 703 8600 / 086 8488092

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.

Transformation Director
amcdonogh@morganmckinley.com

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