March Employment Monitor | Professional jobs opportunities rise by 27% in Q1 2015 compared to the same period last year

Aldagh McDonogh 15.04.2015

Professional jobs opportunities rise by 27% in Q1 2015 compared to the same period last year

Quarterly Data:

  • Professional job opportunities increase by 27% in Q1 2015 compared to Q1 2014
  • Financial services, HR, Multilingual and Engineering are most buoyant sectors to date in 2015
  • Positive first quarter of the year however supply of talent in these sectors will be a key test of resilience as year progresses

 


Monthly Data:

  • Compared to the same month last year, the number of new professional job opportunities has risen by 33%
  • A month on month increase of 3% in job availability was recorded by the Monitor in March 2015 compared to February 2015
  • 26% increase in professionals seeking job opportunities in March 2015 compared to the same month last year
  • 20% increase in professionals seeking positions this month compared to February 2015


 

Wednesday 15 April 2015: The Morgan McKinley Irish Employment Monitor has registered an increase of 33% in overall jobs coming onto the market in March 2015 (12,138) compared to March (9,142) last year.  

While overall Q1 2015 saw an increase of 27% in professional job opportunities compared to Q1 2014.

Morgan McKinley Ireland Operations Director, Bryan Hyland, commented:

“The March edition of the Morgan McKinley Employment Monitor confirms that job creation for professionals has continued to grow steadily in 2015. 

The sectors that have seen the greatest uplift nationally are Financial Services, HR, Multilingual and Engineering. In addition IT has remained consistently buoyant across both contract and permanent roles.

In Financial Services risk advisory, treasury and business development within the retail banking sector are the most commonly sought after roles currently, reflecting the continued improvement in the financial services and banking market. We predict the challenge in the short and medium term is attracting relevant talent, our focus is now on attracting international based professionals either home or from other financial service hubs to Ireland.

The demand for HR professionals nationally has increased steadily particularly for professionals with an employee engagement and retention skill set. This reflects the importance companies are placing on career planning, training and general staff retention programmes in order to minimise attrition levels.

In 2015 to date, traditional languages such as French, Spanish and German remain in high demand along with Nordic, Finnish and Russian. These multilingual roles are primarily across the IT, FMCG and financial services sectors and include positions in customer service, technical support, telesales and marketing.

Ireland’s reputation internationally in life sciences and the pharma sector has remained consistently strong and new expansionary projects within this sector are providing an active and buoyant market for engineering professionals in the first three months of the year.

Generally quarter one has been very positive in terms of hiring activity and is in line with the CSO figures released last month indicating consecutive growth over the last several quarters. The challenge ahead relates to those sectors and industries where demand is outstripping supply in the Irish market.”


Chart 1 – Professional Jobs  

[[Professional Jobs

Chart 2 – Professional seeking new roles

Professional seeking new roles


Issued by:
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. 
 
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.

Transformation Director
amcdonogh@morganmckinley.com