19% more professional jobs available this month compared to June last year.
Key Insights in H1 2015
Wednesday 15 July 2015: The June 2015 Morgan McKinley Irish Employment Monitor registered a 19% increase in the number of professional job opportunities (11,305) when compared with the same month last year (9,537). There was an 11% decrease in the number of professionals seeking employment this month compared to June 2014.
Overall January – June 2015 saw an increase of 31% in the number of professional job opportunities available compared to the same period in 2014.
Morgan McKinley Ireland, Chief Operations Officer, Karen O’Flaherty, commented:
“A renewed sense of confidence has been driving activity so far this year, particularly in Finance, banking and IT sectors.
There is a growing trend of existing and new multinationals evolving from servicing EMEA only to global markets from Ireland. The quality and availability of the multilingual workforce here is a key factor in this trend with the diversity of language skills enabling multinationals to service different time-zones and offer a 24/7 global support operation. Talent availability is one of the key factors which underpins an organisations decision to locate here and Ireland’s need to continue to invest in, develop and attract professionals with multilingual abilities cannot be underestimated.
Comprehensive career packages and salary increases (from 5 – 10%) were a feature this year, primarily for individuals with niche skill sets or in sectors with notable and well publicised skills shortages. More generally, companies remain cautious in relation to salary increases, offering comprehensive training and career development opportunities in order to retain and attract talent.
Ireland’s reputation as an established centre of excellence for global supply chain operations with many corporate procurement and planning functions based here has continued to drive employment in this sector, with a 33% increase in supply chain roles in June alone.
Banking and financial services remain growth areas. Many of the jobs created in this sector this year are new roles and do not include legacy skill sets, adding to the recruitment challenge. Recruitment strategies are increasingly globally focused.
Although a positive year to date in terms of employment, we cannot afford to become complacent, Ireland must continue investing in talent as well as having a competitive offering to attract talent from overseas.”
Chart 1 – Professional Jobs
Chart 2 - Professionals seeking roles
Rachel Graham, MKC Communications, 01 7038600
Spokespeople available on request for further industry insights and commentary.
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 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.