Press Release: Irish Employment Monitor - April 2014

Aldagh McDonogh 08.05.2014

Professional job vacancies up 5% in comparison to the same month last year.

Highlights

  • The Morgan McKinley Irish Employment Monitor recorded a month-on-month increase of 4% in job availability in April 2014.
  • There was a 5% increase in the number of professional job opportunities when compared to the same month last year (April 2013).
  • April 2014 saw a 19% sequential monthly increase in the number of professionals entering the employment market compared with March 2014.
  • Compared to the same time last year this is a 16% decrease in the number of new professional job seekers on the market.

Thursday April 8th 2014: There are promising indicators of hiring activity in the Irish economy as the April 2014 Morgan McKinley Irish Employment Monitor registered a 5% increase in the number of jobs available compared to the same month last year (9,475 compared to 9,034). The Monitor also showed a 4% increase in the number of new professional job opportunities from March 2014 (9,142) to April 2014 (9,475). 
 
In terms of professional job seekers entering the market, there was a sequential monthly increase of 19% from 6,985 in March 2014 to 8,335 in April 2014. However there was also a fall of 16% recorded in the number of professionals seeking new career opportunities compared to the same month last year (9,980).


Karen O’Flaherty, Chief Operations Officer, Morgan McKinley commented:

“The positive start to 2014 continued into April, which recorded increased job opportunity figures compared to last month and last year. This is especially significant in light of April being a “shortened” working month due to various bank holidays.

“Healthy demand is still prevalent for senior finance candidates and internal audit professionals across all levels. A symptom of this demand is that candidates are often receiving multiple job offers; this is putting hiring managers under pressure to complete their recruitment processes more swiftly and promote themselves as an employer of choice to ensure they attract and retain key talent.

“The insurance and banking industries particularly are very active with compliance, risk and project management candidates highly sought after. Interestingly we are seeing increased activity in the insurance market which concurs with a recent PWC report suggesting Ireland could establish itself as a ‘Global Centre for Insurance Innovation’.
 
“The ICT sector remains strong in Ireland with continued demand for .Net, Java and Java Script professionals. Employment trends have shifted from permanent to fixed term contracts as companies manage headcount constraints and sourcing IT professionals on a permanent basis is more challenging than sourcing fixed term contractors. 

“The supply chain sector is experiencing a lift in job opportunities for warehouse, materials planning and materials management professionals. We see this as a positive development and indicative of the improvement in the Irish retail market.

“Regarding job seekers returning from abroad, we are seeing increased numbers within finance and office support sectors and those who have gained valuable international experience are now highly sought after professionals.”

Ends


View previous versions of the Morgan McKinley Irish Employment Monitor.

Chart 1: Professional jobs

Professional jobs

Chart 2: Professional Job Seekers 

Professional Job Seekers

Notes to editors 

Further press information: Tim Kinsella, MKC Communications | T: +353 1 703 8600 | E:  tim@mkc.ie

Spokespeople available on request for further industry insights and commentary:

  • Siobhan O’Shea – Financial Services
  • Bryan Hyland - Science, Supply Chain, Engineering
  • Ann O’Mahony - Office Support 


About the Morgan McKinley Irish Employment Monitor

The Morgan McKinley 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

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 2013, Morgan McKinley was recognised in the Irish Independent’s listing of Best SME Workplaces in Ireland. We are also proud to be ranked in Deloitte’s Top 20 Best Managed Companies in Ireland for 2013.

Morgan McKinley London Employment Monitor

Morgan McKinley currently publishes a similar Employment Monitor in London. It was launched in 2004 and reports on the new roles, candidates and salaries within the financial services jobs market in London each month. Visit www.morganmckinley.co.uk for details.

Transformation Director
amcdonogh@morganmckinley.com