Press Release: Irish Employment Monitor - July 2013

Aldagh McDonogh 08.08.2013

Highlights 

  • The Morgan McKinley Irish Employment Monitor recorded a month-on-month decrease of 16% in the number of new professional jobs available in July 13
  • There was a modest decrease of 3% in the number of professional job opportunities when compared to the same month last year
  • July 13 saw a 10% increase in the number of professionals entering the jobs market month-on-month
  • Compared to the same month last year there was a 19% decrease in the number of new professional job seekers in July 13

The July 2013 Morgan McKinley Irish Employment Monitor registered a 16% decrease in the number of new professional job opportunities from June 13 (9,147) to July 13 (7,681). The number of jobs available compared to the same month last year July 12 (7,953) decreased by 3% in July 13 (7,681). 

With regard to professional job seekers entering the market, there was an increase of 10% from 8,371 in June 13 to 9,240 in July 13. There was also a decrease of 19% recorded in the number of professionals seeking new career opportunities during the same month last year (11,365). 

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

“July saw a decrease of 16% in the number of newly released job opportunities compared to June 13. This decrease in July’s job numbers can be attributed to holiday season and subsequent slow down in hiring. 

“Professional job seekers numbers in July have been somewhat buoyed by an increase in the number of returning professionals from Australia, Canada and the UK. Returning professionals are securing roles across sectors, in particular finance, science, marketing and IT. Those successfully securing roles are sending a positive message back to overseas friends and colleagues that new opportunities are emerging in Ireland. The advice to returning job seekers is to be prepared, it’s an employers market and the competition for every role is tough. 

“Despite a decrease in job flows in July overall, within finance, demand for Revenue Accountants and Internal Audit professionals remains high. Employers are also looking for Financial Analysts/Accountants in the €45-55K bracket. Restructuring at Group Finance Level and the implementation of new systems is driving long-term contract opportunities. 

“Across the banking sector qualified accountants with very strong analytical skills in risk, stress testing, excel modelling and IT skills are in demand. 

“Within Funds & Asset Management increased compliance and regulatory responsibilities resulting from the AIFMD (Alternative Investment Fund Managers Directive) rule book is driving demand for Project Managers, Business Analysts and Compliance & Trustee professionals. Mid to senior level positions in this space are attracting salaries ranging from €50k- €100K with a mix of permanent and contract opportunities.

“Inward investment jobs announcements in the Life Science sector in July have created strong demand for professionals across supply chain, quality assurance, quality-control and logistics disciplines. Additionally medical device and pharmaceutical manufacturers are driving demand for New Product Innovation Engineers. 

“German remains the most sought after language for EMEA headquartered Customer Service/Sales operations. Demand for online marketers remains very strong and Inside-Sales professionals with pan-European experience.

“Looking forward to the remainder of the summer we expect a further slow down in the rate of new jobs being released and job seekers looking for new roles as many hiring decisions are typically on hold over the holiday season.”

View previous Employment Monitors.

Chart 1: Professional Jobs

white jobs july 13 em

Chart 2: Professional Jobs Seekers

white job seekers july 13 em 0

 - ENDS - 

Notes to editors 

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

Spokespeople available on request for further industry insights and commentary:
Edward Heffernan – Accountancy & Finance
Susan Kelly  –  Banking
Elaine Kennedy – Science, Supply Chain, Engineering
Ann O’Mahony – Office Support


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