Ireland sees 15% rise in professional job vacancies in May 10 [press release]

Aldagh McDonogh 23.05.2010

Highlights

  • May 10 saw the highest number of new professional jobs coming on to the market in any one month since Oct 08
  • The volume of new professional job vacancies in Ireland increased by 15% month-on-month in May 10
  • Compared to the same month a year ago, there was a 33% increase in new job opportunities for professionals
  • The number of professionals beginning their job search decreased by 4% in May 10 compared to April 10
  • Compared to May 09 however, there was a 46% increase in those looking for new roles in May 10

Job opportunities rise again in May 10

The Premier Group Irish Employment Monitor registered a 15% month-on-month increase in the number of professional job vacancies coming on to the market in May 10. Vacancies rose from 5,333 in April 10 to 6,117 in May 10. New jobs registered in May 09 were 4,602, thus May 10 saw a healthy 33% increase in the number of new professional job vacancies in that month.

There was also a 4% monthly decrease in the number of professionals entering the jobs market with numbers falling from 11,580 in April 10 to 11,135 in May 10. Compared to May 09 however, there was a significant increase in the volume of professionals who started looking for new career opportunities, rising by 46% from 7,625.

Brian Murphy, CEO of Premier Group in Ireland comments:
“We are pleased to see strong and positive growth in hiring within the professional employment market in May 10, which registered the highest level of new job opportunities so far this year. It’s encouraging that May 10 saw the greatest rise in new jobs coming to the market since October 08, a twenty month high.
 
“In May 10, Premier Group has seen an increase in activity across all its brands covering the finance, office support, technical and IT sectors.
 
“We were particularly pleased with the hiring activity in the IT sector, especially with senior appointments within financial and professional services and in the gaming sector. May 10  saw a significant number of medium to high level IT jobs becoming available in the development and design market. There has also been a significant jump in recent months in the demand for application support candidates driven by the growth of cloud computing.

“The employment market in Ireland which was severely challenged this time last year is slowly moving in the right direction.  Recent economic issues in the Eurozone however, may impact business activity across Europe. This gives us limited visibility of the potential for growth in business and recruitment in Ireland over the next few months.

“It’s good to see talented professionals remaining active in the jobs market in May 10.  The number of professionals looking for work has remained fairly similar to the previous two months, whilst at the same time job opportunities have risen for a second consecutive month in May 10.”

- ENDS -
Notes to editors

About the Premier Group Irish Employment Monitor

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. The first Premier Group Irish Employment Monitor was launched in May 2009 with data from April 2008 onwards.

Statistical methodology

Monthly new jobs and new candidates

Monthly new jobs and new candidate figures are based on Premier Group’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 Premier Group’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 Premier Group’s network of Irish offices in Cork, Dublin, Kilkenny, Limerick and Waterford.

About Premier Group

Premier Group is Ireland's leading recruitment consultancy with offices in Cork, Dublin, Kilkenny, Limerick, and Waterford. Internationally, the Group operates from 24 offices across eight countries. Subsidiary brands within Premier Group in Ireland include Accreate Executive Search & Interim, Brunel, la crème, Premier, and Verkom. Morgan McKinley and iQ selection also form part of the Premier Group outside of Ireland.

Morgan McKinley London Employment Monitor

Premier Group currently publishes a similar monitor in London under its subsidiary brand name, Morgan McKinley. The highly-regarded Morgan McKinley London Employment Monitor was launched in 2004 and reports on the new roles, candidates and salaries within the financial services jobs market in London each month.

Transformation Director
amcdonogh@morganmckinley.com