Press Release: Irish Employment Monitor - August 2014

Aldagh McDonogh 10.09.2014

Record August professional jobs results with vacancies up 4%

“Monitoring the pulse of the Irish professional jobs market”

Highlights Overall

  • The number of professional job vacancies increased by 4% between July and August this year (10,120 compared to 9,699).
  • There was a 19% increase in vacancies in August this year compared to the same month in 2013 (8,527 to 10,120).
  • The numbers of professionals seeking jobs in August 2014 (8,930) is up on the same month last year by 9% (8,230) but, as would be expected down on July 2014 (9,500).

 

Further Insights

  • Jobs created are new and permanent: Importantly the growth in jobs is being driven by permanent roles that are being created as firms expand.
  • Salary expectations differ: In some industries there are significant differences in salary expectations between candidates and firms.
  • Market intelligence is all important: Companies that are not using market intelligence to gauge what to offer candidates are losing out in hiring staff.

 

Wednesday September10th 2014: Traditionally considered a quieter month for recruitment, August was a record summer month for professional job vacancies with the numbers available actually increasing on the previous month according to the Morgan McKinley Irish Employment Monitor for July 2014

The 4% rise in the number of jobs available between July and August is a real sign of improvement according to Morgan McKinley Ireland Chief Operations Officer, Karen O’Flaherty as the latter has always been the quietest of each year:

“As July was itself a strong month for recruitment, the unprecedented increase in job vacancies for August is proof of a robust and strengthening professional jobs market. Further evidence of this is seen in the fact that the number of vacancies is almost a fifth higher in August 2014 compared to the previous year.

“However, most heartening is the fact that the jobs being created are both permanent roles (as opposed to contract positions) and situated in new divisions as companies expand. These growth plans by firms across all sectors hint at increased confidence in business growth for 2014 and into 2015. We are seeing entire new divisions being formed and staffed by new teams and these expanded service offerings obviously bode well for the future.

“As previous iterations of the Employment Monitor have noted, the growth in jobs has had positive knock-on effects across many disciplines with support staff and those who deal in back office functions becoming further in demand. Job seekers are finding it possible to gain employment in industries outside of their core disciplines with accountants finding that their skills are required in tech firms and tech professionals being needed in accounting firms.

“However, there are often significant differences in salary expectations between job seekers and those offering positions, particularly in industries such as engineering. This hinders the hiring firm filling these roles, particularly since many job seekers are already in employment and in high demand. To take account of this, all firms looking to hire professionals would benefit from benchmarking salaries and benefits to gauge what candidates are looking for before offering jobs. Those who are failing to do this are the ones who are challenged in trying to source the right talent.

“With that in mind, across all industries companies are putting resources into retaining as well as attracting talent. In accounting and finance we are seeing an improvement in the packages on offer compared to less than six months ago. This is being replicated in the tech sphere where there is ongoing demand for niche skills in a number of areas within the web and mobile space.”

View previous versions of the Morgan McKinley Irish Employment Monitor.

View the August Employment Monitor Infographic here

 

Chart 1: Professional jobs

cid:image005.png@01CFCC21.54F5B690

 

Chart 2: Professional job seekers

cid:image006.png@01CFCC21.54F5B690

 

– ENDS –

Notes to editors 

Further press information:
Mike Miley, MKC Communications | T: +353 1 703 8600 | E: mike@mkc.ie

Spokespeople available on request for further industry insights and commentary:
Ann O’Mahony - Office Support 
Bryan Hyland - Science, Supply Chain, Engineering
Siobhan O’Shea - Financial Services

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

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