November Employment Monitor | The number of professionals seeking new roles peaked in July 2015

Bryan Hyland 08.12.2015

The highest number of professional jobs recorded in May 2015

Highlights

  • The number of professionals seeking new roles (9,425) peaked in July 2015.
  • The Monitor recorded the highest number of professional opportunities (13,445) in May 2015.
  • Nationally, 9% more professional opportunities were available in November 2015 compared to the same month last year.
  • 7% rise in professional opportunities compared to the previous month, October 2015.
  • 6% increase in the number of professionals entering the jobs market, compared to November 2014, but 10% less job seekers compared to the previous month, reflecting the seasonal slowdown.
  • 12% increase in Supply Chain roles this month, in high demand were Production Supervisors and Supply Chain Managers across medical device, food and pharmaceutical sectors.
  • Regionally, job flow within IT was up 8%, but availability of candidates was down 18% on the previous month, again influenced by seasonal factors.
  • Skilled IT professionals currently have on average three to four job opportunities available to them. Counter offers are now a feature of the IT market as companies endeavour to keep top talent.
  • Within Finance, demand for consultancy and Project Management professionals increased, driven by significant projects being pushed through by expanding businesses.  Candidates with financial software implementation and business process re-engineering experience were most in demand.
  • Demand for HR contractors was high in November, primarily due to end of year HR projects.
  • Companies are becoming mindful of candidates needs and are offering flexible working environments to secure them

 

Wednesday 9 December 2015: The number of professional job vacancies in November 2015 was up by 9% nationally compared to the same month last year according to the November 2015 Morgan McKinley Ireland Employment Monitor.  There was a 6% increase in the number of professionals active in the jobs market. 

Morgan McKinley Ireland, Operations Director, Bryan Hyland, commented:

“Overall 2015 has been an exceptional year for jobs growth, with a steady flow of professional opportunities across the country and across the year to date.

The pace and level of growth is however creating challenges as companies feel the pressure to fill roles, often in a short time frame. Remote hiring has become an increasingly common feature of the market this year as employers strive to reach desirable candidates as quickly as possible. Developing attraction strategies and talent pools from which to draw a wide breadth and depth of candidates was a clear priority of many HR departments in 2015, particularly among the Multinational sector who are often hiring large teams, with specialist skills in tight timeframes. The digital skills gap remains an issue.

Although costs are still being managed, we are seeing evidence across the year of upward pressure on salaries in specific sectors, IT and Finance for example, with a return to a more bonus orientated culture, while counter offers are becoming more common. Rent increases and a shortage of office space are other factors that have the potential to impede the current growth trajectory. 

Worryingly recent data from the CSO indicated that despite the overall buoyancy of the jobs market the number of unemployed women has increased. A concerted focus on attracting women back to work must be a priority for 2016 with appropriate supports and skills transfers programmes put in place. Many of the jobs created this year are high value and high skilled.

There is much to be positive about as we face into 2016. The Government’s FDI strategy is delivering results nationwide, many multinational and FDI companies are either winning new business or moving business to their sites in Ireland. The SME and retail sector are also back hiring.

We would not however be complacent in outlook. The challenges involved in sustaining growth are significant."

Ends

Professional Jobs

Professional Jobs

Professionals seeking new roles

Professionals Seeking New Roles

Issued by

Rachel Graham, MKC Communications, 01 703 8600

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.

 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.

 

Bryan Hyland's picture
Commercial Director
bhyland@morganmckinley.ie