Press Release: Irish Employment Monitor - January 2013

Aldagh McDonogh 19.02.2013

Professional jobs market starts 2013 with increased job availability 

Highlights

  • The Morgan McKinley Irish Employment Monitor reports that the number of new professional jobs in the market in January 13 increased by 42% from December 12.
  • This also reflected a 4% rise in job vacancies from January 12.
  • January 13 saw 62% more professionals entering the jobs market month-on-month.
  • However, when compared to January 12, there was a 13% fall in the number of professionals entering the jobs market in January 13.

The latest Morgan McKinley Irish Employment Monitor shows that new job opportunities for professionals in Ireland increased by 42% from 6,861 in December 12 to 9,730 in January 13. This also represented a 4% increase from the January 12 figure of 9,312.

With regard to new professional job seekers entering the Irish market, there was an increase of 62% from 6,000 in December 12 to 9,735 in January 13. The number of professionals seeking new career opportunities compared to January 12 decreased however by 13% from 11,225.

Karen O’Flaherty, Chief Operations Officer, Morgan McKinley commented:
“January 13 saw a significant increase in new professional job opportunities coming onto the market compared to December 12. It is worth noting that this rebound, although positive, is seasonally expected as January typically brings about new recruitment plans and budgets for the year ahead.

“A rise in professional vacancies compared to the same time last year, though modest, just 4%,  is still welcome and in line with a more upbeat sentiment than Jan 2012. Encouragingly economic indicators are married with a return by some sectors to pre-recession growth divisions within their businesses including human resources, research and development as well as sales and marketing. These specific vacancy types are significant as they demonstrate a return by employers to invest in areas of growth.

“Another niche hiring area likely to increase throughout 2013 is the demand for professionals in risk, compliance and regulation. Senior risk advisory professionals within financial services were in high demand this month – this echoes the London financial services market and is a result of regulatory pressures that institutions are facing. We expect that with the passing of the Personal Insolvency Bill 2012, there will also be a demand for professionals with expertise in this specialisation.

“Professional job seeker figures have increased from December 12 which is seasonal and typical of a New Year outlook by people when considering a career change and fresh opportunities.

“Although not included in our data, we also expect more contract and/or fixed term job opportunities to be offered within the professional hiring market.  This is a trend that has continued over the last 24 months and one which is unlikely to change as employers commit to less permanent hiring and professionals become more open and flexible/considerate to the changing dynamic and uncertain business environment that organisations face.

“Overall recruitment activity in 2013 has started on a positive note and we hope that with the improved economic sentiment, this will continue throughout the year.”

View previous versions of the Morgan McKinley Irish Employment Monitor.

professional jobs

professional job seekers

- ENDS -
Notes to editors 
Further press information:

Cian Connaughton, MKC Communications | T: +353 1 703 8611 | E: cian@mkc.ie

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. 

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 2012, Morgan McKinley ranked 3rd 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 are also proud to be ranked in Deloitte’s Top 20 Best Managed Companies in Ireland for 2012.

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.

Board Member
amcdonogh@morganmckinley.com