Irish jobs increase 46% in Q2 2011 compared to last year

Aldagh McDonogh 07.07.2011

Irish professional job opportunities increase 46% in Q2 2011 compared to the same period last year

Highlights

  • The number of new professional jobs in the Irish market held steady from May 11 to June 11 according to the Morgan McKinley Irish Employment Monitor
  • However, the Monitor did record a 46% increase in new professional jobs from Q2 10 to Q2 11 
  • June 11 also saw a 46% increase in new professional job vacancies compared to the same month last year
  • There was an 8% month-on-month increase in professionals looking for new job opportunities in June 11
  • Compared to the same time last year, there was a 21% decline in the number of new professional job seekers.

 

The latest Morgan McKinley Irish Employment Monitor found that the number of new professional job opportunities in the Irish market did not fluctuate significantly from May 11 (8,283) to June 11 (8,250). However, the level of jobs available in June 11 was considerably higher (46%) than for the same month last year (5,669).

There was a month-on-month increase of 8% in the number of new professional job seekers in Ireland rising from 9,120 in May 11 to 9,855 in June 11. This was a 21% decrease when compared to the June 10 figure of 12,480.

Karen O’Flaherty, Chief Operations Officer, Premier Group Ireland commented: Although there was no significant fluctuation in the volume of new Irish professional job opportunities from May 11 to June 11, the hiring market continued to be considerably more buoyant than at the same time last year. In fact, the Morgan McKinley Irish Employment Monitor registered a 46% increase in the number of new professional jobs in Q2 11, compared to Q2 10.

“Export-driven multinational and indigenous companies are still leading the way in terms of hiring activity. The agriculture sector in particular is thriving and is at the core of the country’s economic recovery. Food is among Ireland’s biggest exports; last week the Minister for Agriculture, Simon Coveney, announced a 13 per cent increase in agri-food exports in the January to May 11 period. This growth has fuelled demand from agribusinesses and companies that service this sector for professionals, in particular finance and accountancy specialists.

“Another busy jobs market and ‘area to watch’ as we move into the second half of the year is fund administration. A number of companies are seeking fund administration staff, some initially on a contract or temporary basis, off the back of recent business wins and/or expansion plans.

“There was a 21% decrease in the number of new professional job seekers in June 11, compared to the same time last year. In niche areas of the market, acute candidate shortages are being felt. For example, it is currently very difficult to find suitable professionals for IT development roles, and the recruitment process can be protracted as top tier job seekers in this sector are often ‘spoilt for choice’.

“We would be very supportive of the Government expanding educational and skills-based programmes in the field of IT, in line with efforts to position Ireland as the most exciting tech hub outside of Silicon Valley. We are home to some of the world’s largest technology companies, as well as countless start-ups, and as demand for IT professionals inevitably grows, it would be unfortunate to have to source IT talent from outside of Ireland.

July and August are traditionally quieter months for recruitment, with many hiring managers and job seekers enjoying well deserved breaks. The pace of the hiring process is consequently affected and visibility of the jobs market over this period is typically lower.”

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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. 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 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 the Morgan McKinley Group’s network of Irish offices in Cork, Dublin, Kilkenny, Limerick and Waterford.

About Morgan McKinley in Ireland

Morgan McKinley is an Irish-owned global professional recruitment consultancy connecting specialist talent with leading employers across multiple industries and disciplines.

With offices across Ireland, the UK, Europe, the Middle East and Asia-Pacific, its professional recruitment expertise spans the accounting and 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.

From October 6th 2010 Premier, Brunel and Verkom the specialist recruitment divisions of Premier Group in Ireland are called Morgan McKinley. Nothing else has changed. We are the same people, the same Irish company delivering the same recruitment service.

Morgan McKinley London Employment Monitor

Morgan McKinley currently publishes a similar Employment Monitor in London. It 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