6% rise in professionals looking for jobs on the previous year
Wednesday 7 December 2016: The availability of professional job opportunities in November 2016 (11,127) rose by over 3% when compared to October 2016 (10,772) according to the Morgan McKinley Irish Employment Monitor. There were 12% fewer professional jobs available when compared to November (12,660) last year. The number of professionals seeking new roles in November fell by 9% (7,639) when compared to the previous month (8,358), while there was a 6% increase on November 2015 (7,180).
Morgan McKinley Ireland, Director of Inward Investment, Trayc Keevans commented:
“Hiring activity in November was somewhat flat reflecting the impact of an increasingly more complex global environment on business strategy and growth, as well as more traditional seasonal factors. This cautious approach to resource planning has dominated the second half of 2016.
Positively IDA led itineraries continue to be a feature of the regional jobs landscape, with a number of significant Foreign Direct Investment (FDI) jobs announcements made this month. The growth of Research and Development (R&D) activity within the engineering, pharma and technology sectors is helping to drive recruitment in these areas.
Brexit, as predicted, is already influencing hiring forecasts and the skills sets required by employers. Legal and Professional Services firms are future proofing their recruitment strategies and hunting for employees with specific expertise in economic and regulatory change.
More generally, fewer candidates were actively seeking new roles this month, a key indicator of the on-going challenge facing employers seeking talent in some key sectors. Within Finance and IT this is leading to salary inflation.
Overall the professional jobs market continues to display resilience, with a steady and consistent flow of jobs coming to market across the year. Global uncertainty and concerns over the full impact of Brexit are however impacting the pace of recruitment with companies displaying a “holding” mentality when it comes to fully activating their growth plans.”
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 most 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.