Press Release: Irish Employment Monitor - March 2014

Aldagh McDonogh 08.04.2014

Highlights
Monthly data:

  • The Morgan McKinley Irish Employment Monitor registered a decrease of 4% in the number of new professional jobs in the market in March 2014 compared to February 2014. 
  • Compared to the same month last year, the number of new professional job vacancies has risen by 13%.

Quarterly data:

  • The monitor recorded an increase of 10% in the number of professional job opportunities from Q1 2013 to Q1 this year.

Job seeker data:

  • March 2014 saw a sequential month to month decrease of 6% in the number of professionals entering the jobs market in March 2014 compared to February 2014.
  • Compared to the same time last year, this is a decrease of 26% in the number of professional job seekers in the Irish market.

 

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

“The 10% increase in job availability in quarter one compared to the same quarter last year is an indicator that positive market sentiment has carried through from the beginning of the year. 

“We are experiencing healthy demand across key sectors that we operate in. This is in line with recently released figures from the CSO which recorded that the Irish Employment figures are at a three year high.

“In Financial Services; compliance & risk and client relationship professionals are sought after in the funds sector as changes in the regulatory environment continue to be implemented.  We are seeing a concentration of private equity firms as Ireland strives to gain market share from competing financial centres such as Luxembourg and the Channel Islands. In addition, insurance and banking are seeking junior customer service staff as they launch new products into the market. 

“Qualified accountants (particularly with 2-3 years’ experience) for financial planning & analysis, commercial & cost accounting roles remain a top priority among hiring managers, specifically within start-ups and expanding companies. Demand for transactional professionals in accounts payable/receivable and payroll continue to trend strongly since January across all sectors. 

“The IT sector remains buoyant, as big data rapidly becomes a cornerstone of modern IT. Companies want highly skilled software developers as they move from a strategic high level planning phase to software delivery and implementation.  We are also noting a demand for leadership and senior appointment positions across the IT, supply chain, finance and funds areas as succession plans apply and companies gear up their leadership teams in an improving market. 

“Generally quarter one has been positive in terms of hiring activity in Ireland and we would hope to see this continue heading into Quarter two of 2014,” said Karen O’Flaherty.


View previous versions of the Morgan McKinley Irish Employment Monitor.

Chart 1: Professional jobs

graph 1 3

 

 

 

 

 

Chart 2: Professional job seekers 

graph 2 1











– ENDS –

Notes to editors    
Further press information:

Tim Kinsella, MKC Communications | T: +353 1 703 8600 | E: tim@mkc.ie
 
Spokespeople available on request for further industry insights and commentary:
Ann O’Mahony – Office Support 
Bryan Hyland - Science, Supply Chain, Engineering

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