Professional jobs opportunities up 40% compared to May last year
Wednesday 17 June 2015: The May 2015 Morgan McKinley Irish Employment Monitor registered a 40% increase in professional job opportunities (13,314) when compared with the same month last year (9,368). There was a 12% decrease in the number of professionals seeking employment this month compared to May 2014, highlighting the widening gap between current opportunities and available talent.
Morgan McKinley Ireland Operations Director, Bryan Hyland, commented:
“May has been a very active month in terms of hiring activity. The CSO’s recently released figures which indicate unemployment dipped below 10pc in the first three months of the year, would be reflected in our own data when comparing levels of activity this month versus last.
Job flow is steady overall with high demand in certain key areas including IT, particularly cyber security and banking and financial services. HR remains a very buoyant sector as companies continue to grow their headcounts.
In line with the commentary in the recent Ulster Bank construction report, we are seeing the improved activity in the commercial and private construction markets resulting in a steady increase in demand for a range of professional job opportunities
The gap between those seeking employment and opportunities available continues to develop. The higher rates of employment generally have resulted in less people looking for jobs. Furthermore many of the new professional opportunities are highly skilled, specialist roles that do not require legacy skill sets. Companies are having to develop creative recruitment strategies in response, from sourcing professionals overseas, to pipelining future talent by developing stronger links with Universities and third level institutions.
The SME sector in particular is increasingly focused on hiring outside the EU, despite the additional administrative burden this involves. Challenges competing with multinationals for talent are driving this search.”
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.