March Employment Monitor | Availability of professional job opportunities remains almost constant in Q1 2016 compared to the same period last year

Aldagh McDonogh 13.04.2016

Number of professional job seekers rises by 4% in Q1 2016 compared to Q1 2015

Quarterly Update:

  • The volume of professional job opportunities decreased by less than 1%, in Q1 2016 (36,925) compared to Q1 2015 (37,171).
  • The number of professionals seeking new roles increased by 4% this quarter (24,084)  compared to the same period in 2015 (23,140).
  • IT, Engineering, Supply Chain and Multilingual are the most buoyant sectors to date this year.


Monthly Data:

  • Professional job opportunities increased by 2% in March, compared to February 2016.
  • Numbers of professionals seeking new roles was down 1% in March, compared to the previous month.
  • In Financial Services, there was a significant uplift in the number of insurance and personal banking roles nationwide.
  • Hiring in the Funds sector remains static again this month, reflecting global market uncertainty.
  • The pharmaceutical, food and medical devices sectors continue to drive demand for engineering, procurement and production professionals. 
  • Talent shortages remain an issue across the IT sector, with Javascript developers most in demand.
  • There was a continued requirement for multilingual professionals, with a higher proportion of permanent roles on offer than previously - German, Dutch and Nordic languages were the most sought after.

 

Wednesday 13 April 2016: The availability of professional job opportunities in Q1 of 2016 remained almost constant with the same period last year, decreasing by less than 1% (36,925) when compared with the same period in 2015 (37,171), according to the Morgan McKinley Irish Employment Monitor.  

The number of professionals seeking new roles rose by 4% this quarter (24,084) compared to the same period in 2015 (23,140).


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

“Generally, quarter one of 2016 has been positive in terms of hiring confidence and this is in line with the CSO figures for March that indicate unemployment rates have fallen to an 8 year low.

However, external factors that include slow Euro zone growth, global market uncertainty and Brexit are creating a level of apprehension. This is most clearly reflected in the Funds and Banking sector where recruitment is static again this month. 

The sectors that remain robust and isolated from this uncertainty include Engineering and Supply Chain. The shortage of engineering talent in 2015 has reduced due to the return of professionals mainly from Australia and Canada. We predict the Food Industry will deliver significant growth in quarter two.

The Information Technology sector continues to be a highly competitive and aggressive jobs market, with talent shortages driving salary inflation. If these shortages continue, the ability to attract inward investment at 2015 levels will be impacted.

In summary, the professional jobs market has been characterised by consistency this quarter rather than growth. Global uncertainty and political instability are however a cause for concern”.

End

Professional Jobs

Professional Jobs

Professionals Seeking New Roles

Professionals Seeking Roles

 

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