Professional job opportunities decrease by 9% compared to January 12 [press release]

Aldagh McDonogh 08.03.2012

Highlights

  • The Morgan McKinley Irish Employment Monitor in February 12 recorded a decrease of 9% in the number of new professional job vacancies coming on to the market
  • There was however a 19% rise in the number of professional job opportunities compared to the same month last year
  • The number of professionals looking for new job opportunities remained relatively stable month-on-month with a 1% increase
  • Compared to the same time last year, this was a 77% rise in the number of professionals seeking new job opportunities.

The February 2012 Morgan McKinley Irish Employment Monitor registered a 9% decrease in the number of new professional job opportunities from January 12 (9,312) to February 12 (8,462). This was also a 19% increase on the number of new professional job vacancies registered in February 11 (7,100).

The number of professionals seeking new job opportunities rose slightly from 11,225 in January 12 to 11,305 in February 12. This was however, a substantial yearly increase of 77% when compared to February 11 (6,380).

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

“The decline in professional job opportunities experienced in February 12 (9%) is an expected drop from the influx in January 12. There is a sense however that the speed of the recruitment process has picked up which can be explained by ‘new year’ forecasts and hiring budgets being realised. This is particularly evident in niche skill sets which include professionals with experience in IT (specifically, software development), general ledger accountants and jobseekers with multilingual skills.

It was encouraging to see an increase of 19% in the number of new professional job opportunities coming onto the market in February 12 compared to the same time last year. The bulk of the hiring still remains predominantly within large multinational firms across Ireland with the SME and smaller indigenous businesses continuing to be challenged. This increase in new professional jobs is in part due to many companies continuing to undergo internal restructuring as well as developing new business areas.

The rise in professional jobseekers from February 11 indicates a greater appetite from professionals considering job opportunities - both domestically and globally. Specifically professionals within the financial services sector become more active in the jobs market after year end bonus announcements. 

Although it still remains difficult to forecast hiring activity, the jobs market and Ireland should be buoyed by the recent hiring announcements from PayPal and Eli Lilly, which indicate significant job opportunities.”

View the February 2012 PDF

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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. 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 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 an Irish-owned global professional recruitment consultancy connecting specialist talent with leading employers across multiple industries and disciplines.

With offices across Ireland, the UK, Europe, the Middle East and Asia-Pacific, 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 2011, Morgan McKinley ranked 7th in the Irish Independent’s listing of Best SME Workplaces in Ireland and was also named in the 50 Best Small and Medium Workplaces in Europe by the Great Places to Work Institute. We were also proud to be ranked in Deloitte’s Top 20 Best Managed Companies in Ireland for 2011.

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.

Transformation Director
amcdonogh@morganmckinley.com