October Employment Monitor | Professional job opportunities rose by 2% in October compared to September 2016, 8% fewer jobs available than the same month last year

Trayc Keevans 08.11.2016

Number of professional actively seeking new roles rises by 4% compared to the previous year

Highlights:

  • There was a 2% rise in the number of professional jobs available in October 2016 when compared to September 2016.
  • Availability of professional job opportunities fell nationally by 8% in October 2016 compared to the same month last year.
  • There was a 4% rise in professionals seeking jobs this month, compared to the same month the previous year.
  • This month, the most active sectors nationally were Life Sciences; Technology / IT; and Financial Services.
  • In IT, almost one in two permanent jobs came from indigenous companies this month, surpassing jobs created by the multinational sector for the first time this year.
  • In Financial Services the international banks, who already have an established presence here, are taking the opportunity to grow their staff levels as the uncertainty over Brexit negotiations continues, particularly within risk, compliance and internal audit.
  • Irish Diaspora continue to return, with the greatest number coming back to take roles in IT, Financial Services, Accounting and Marketing. There has also been a notable increase in the number of senior profiles returning from abroad.
  • Life Sciences were the most active sector for hiring again this month.
  • French, German, Danish and Swedish were the most in demand languages covering client services, customer support, business development and content creation roles.

 

 

Wednesday 9 November 2016: The availability of professional job opportunities in October 2016 (10,772) rose by 2% when compared to September 2016 (10,541) according to the Morgan McKinley Irish Employment Monitor. There were 8% fewer professional jobs available when compared to October last year (11,746).

The number of professionals seeking new roles rose by 4% in October (8,358) compared to the same month last year (8,020), while there was a 5% increase on September 2016 (7,943).

Morgan McKinley Ireland, Director of Inward Investment, Trayc Keevans commented:

In October the professional jobs market demonstrated positive levels of resilience despite continued uncertainty.

Indigenous companies and SMEs across a number of sectors, including IT and Life Sciences performed above expectation in relation to hiring activity.  A focus on geographic expansion, outside of the UK, is driving much of this activity with companies keen to diversify their business development opportunities.

Growth within financial services was steady rather than exuberant. There has been an increase in enquiries from companies in this sector considering relocation post Brexit however, uncertainty over the passporting rights for UK based Financial Services Organisations and their ability to do business with the 27 other States will have a direct impact on the number of jobs Ireland is likely to attract from the UK. 

International banks with an established presence in Ireland already, are taking the opportunity to grow more functions as the uncertainty continues. This has resulted in increased job opportunities in Risk, Compliance and Internal Audit as we continue to produce a highly qualified talent pool in these disciplines. There has also been growth in the number of Project Managers being hired by the Banks to oversee projects across Data Governance, implementing digitisation strategies, remediation reviews, Funds Transitions/Onboarding and Client Experience.

Life Sciences, which include Bio and pharma companies both from the indigenous and multinational sector, continue to thrive. Talent retention and attraction strategies remain the focus of these organisations. Organisations such as Skillsnet, which recently launched it’s Statement of Strategy 2016-2019, will have a role to play in helping organisations increase employee engagement in lifelong learning.

 

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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 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.

 

Trayc Keevans's picture
Global FDI Director
tkeevans@morganmckinley.ie