Press Release: Irish Employment Monitor - March 2013

Aldagh McDonogh 10.04.2013

Irish professional job opportunities for Q1 2013 increase by 14% compared to Q4 2012

Highlights

Quarterly job data
• The Morgan McKinley Irish Employment Monitor recorded a 14% increase in professional job vacancies coming on to the market from Q4 2012 to Q1 2013.
• Job opportunities remained flat (+0.04%) from Q1 2012 to Q1 2013.

Monthly job data
• March 2013 recorded a decrease of 12% from February 2013 in the number of new professional job vacancies available. 
• Compared to the same month last year there was also decrease of 12% in job availability for March 2013.

Job seeker data
• The number of professionals looking for new job opportunities fell slightly by 3% from February 2013 to March 2013.
• Compared to the same time last year, there was a 22% decrease in the number of professionals seeking new jobs.

The Morgan McKinley Irish Employment Monitor has so far this year registered an overall increase of 14% in the total number of available jobs in Q1 2013 (27,032) compared to Q4 of last year (23,733). The total number of jobs available when compared to Q1 2012 (27,020) remained flat, rising by 0.04%. 

There was a 12% decrease in the number of new professional job opportunities from February 2013 (9,177) to March 13 (8,125). There was also a 12% decrease in the availability of new professional jobs registered compared to the same time last year (9,246).
The number of professionals seeking new job opportunities remained flat month-on-month, dropping by 3% from 9,800 in February 2013 to 9,500 in March 2013. This was a decrease of 22% when compared to March 2012 (12,200).

Karen O’Flaherty, Chief Operations Officer, Morgan McKinley commented:
“Although job opportunities fell in the month of March 2013, looking at the wider picture, a 14% increase in professional job availability in Q1 2013 compared to Q4 2012 suggests that the hiring market is gradually improving. Sentiment amongst employers has improved in Q1 of this year compared to Q1 2012 and although we expect that confidence to continue, it is likely that any rise in job numbers will be modest and hiring forecasts are still likely to be relatively short-term. 

“The decrease in job numbers can be partly attributed to the fact that two bank holidays fell in the month of March, making it a shorter than usual month and stifling the momentum of the recruitment process. Furthermore, the reduction in job figures is a result of the jobs numbers levelling-off after the seasonal upswing recorded in January. The improved Irish market sentiment and renewed confidence by employers and job professionals at the start of the year has been dampened slightly by the ongoing European economic issues.

“The areas where hiring has actually continued give us some insights into business growth plans. These include the fact that hiring for internal recruitment professionals has risen in recent months, a positive indicator that companies are concentrating on building their in-house teams to ramp up their overall hiring activities. Also demand for marketing and social media professionals remains consistently high. This reflects the growth of the online and e-commerce industry in Ireland and the need for indigenous companies to develop their online profiles and engage with their respective target markets.

“In terms of the number of professional job seekers entering the market, the decrease of 22% compared to March 2012 is partially due to fewer professional immigrants entering the Irish jobs market, resulting in candidate shortages in niche areas such as multi-lingual job roles as we have highlighted previously. 

“Looking ahead, it’s likely that, hiring managers will continue to closely review all recruitment and be measured in their hiring and headcount expectations in line with market confidence for Q2.” 

View previous versions of the Morgan McKinley Irish Employment Monitor.

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 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.

– ENDS –

Notes to editors 
Further press information:

Mike Miley, MKC Communications | T: +353 1 703 8611 | E: mike@mkc.ie

Spokespeople available on request for further industry insights and commentary:
Edward Heffernan – Accountancy & Finance
Steven Bell – I.T.
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. 

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.

 

Board Member
amcdonogh@morganmckinley.com