Press Release: Irish Employment Monitor - May 2014

Aldagh McDonogh 11.06.2014

Professional jobs market remains buoyant as job opportunities remain constant in May 2014

Highlights

  • The Morgan McKinley Irish Employment Monitor recorded a minimal month-on-month decrease (1%) in job availability in May 2014.
  • There was also a decrease of 1% in the number of new professional job vacancies available in May 2014 compared to the same month last year.
  • The number of professionals looking for new job opportunities increased (11%) from April 2014 to May 2014.
  • Compared to the same time last year, there was a 9% decrease in the number of professionals seeking new jobs.

The positive start to the year in the professional jobs market has continued into May according to the latest edition of the Morgan McKinley Irish Employment Monitor. 

The May 2014 Morgan McKinley Irish Employment Monitor registered a 1% decrease in the number of professional job opportunities in May 2014 (9,368) compared with April 2014 (9,475). From May 2013 (9,434) to May 2014 (9,368) job availability also decreased by 1%.

The number of professionals seeking new job opportunities increased by 11% from 8,335 in April 2014 to 9,250 in May 2014. However, compared on a yearly basis the number of job seekers has declined by 9% from May 2013 (10,135) to May 2014 (9,250). 

Karen O’Flaherty, Chief Operations Officer, Morgan McKinley commented:
“May 2014 continued the positive start of the year, with consistency in terms of professionals seeking new opportunities in Ireland and new jobs coming onto the market.

“During May, IT professionals were more active in the market following receipt of annual bonuses. However, supply remains challenging due to continued start-up opportunities, new projects spend and company expansions in the tech and software sectors. In Dublin opportunities are mainly concentrated on senior appointments at this time and this is putting pressure on salaries in order to secure the best senior talent. Companies who are currently hiring are also competing with IT professionals receiving multiple job offers and this remains a nationwide concern.

“A trend we have also noticed is the increased need for professionals with specialist experience in HR where learning & development and talent management roles are in demand. The increasing presence of specialist HR roles in the market is a positive indicator that companies are committed to areas like employee development, engagement and retention. This trend is also evident in the marketing sector where there is a focus on e-commerce and online marketing roles.

“In addition to the consistent demand for graduate professionals in accounting & finance and IT we are now noting a similar uplift across the audit, supply chain, HR and R&D markets.

“There is an inaccurate perception that there is an abundance of talent in the market. As the appetite for specialist talent continues, hiring processes must become more efficient as companies are having to differentiate themselves from their competitors. Companies who are currently seeking top talent need to develop clear career pathways for new hires and offer competitive rewards for candidates who receive multiple job offers. 

View previous versions of the Morgan McKinley Irish Employment Monitor.

Chart 1: Professional Jobs

Professional Jobs

Chart 2: Professional Job Seekers

Professional Job Seekers

– ENDS –


Notes to editors    
Further press information:
Mike Miley, MKC Communications | T: +353 1 703 8609 | E: mike@mkc.ie

Spokespeople available on request for further industry insights and commentary:
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.

Transformation Director
amcdonogh@morganmckinley.com