Press Release: Irish Employment Monitor - November 2013

Aldagh McDonogh 10.12.2013

Highlights

  • The Morgan McKinley Irish Employment Monitor recorded a month-on-month decrease of 10% in the number of professional jobs available in November 2013.
  • There was a 6% increase in the number of professional job opportunities when compared to the same month last year.
  • November 2013 saw a 22% decrease in the number of professionals entering the employment market compared with October 2013.
  • Compared to the same time last year this is a 25% decrease in the number of new professional job seekers on the market.

 

The November 2013 Morgan McKinley Irish Employment Monitor registered a 10% decrease in the number of new professional job opportunities from October 2013 (9,684) to November 2013 (8,704). The number of jobs available compared to the same month last year (8,187) increased by 6%.

In terms of professional job seekers entering the market, there was a month-on-month decrease of 22% from 9,355 in October 2013 to 7,320 in November 2013. There was also a fall of 25% recorded in the number of professionals seeking new career opportunities compared to the same month last year (9,750).

Karen O’Flaherty, Chief Operations Officer, Morgan McKinley commented:
“It is typical to see a slowdown in recruitment activity in November and December as we approach the festive season. Hiring managers are citing budget restrictions as one reason for not increasing permanent headcount as we near year end. However, temporary hiring has increased in niche areas such as accounts payable, payroll, part qualified and qualified accountants.

“While a major recruitment trend throughout recent years has been in the temporary market, there is a definite shift (albeit slight) towards companies offering permanent contracts. Senior professionals are in demand in a number of key areas including HR, Office Support and Marketing. Furthermore, some of these job titles with specific skills sets, including language requirements, are commanding a 10% to 15% increase in salaries being offered, a trend not seen for a number of years. This trend is concentrated, primarily, in Dublin.

“Conversely, there are spikes of activity in regions outside of Dublin, for example the Bioscience sector is seeking R&D professionals with a specific research focus coupled with industry experience. Many of these roles coming to the market are a result of new start-ups being established in regional areas.

“Anecdotally, more employers are enquiring about benchmarking salaries and bonuses than in previous years, a positive sign that hiring managers are willing to negotiate and meet higher remuneration and bonus package expectations to secure or retain the right talent. Our salary survey, which will be released in January 2014, provides a comprehensive overview of salaries and remuneration benefits on offer across our core disciplines for the sectors in which we operate.

“2013 has been a landmark year for Morgan McKinley as we celebrate 25 years in business in Ireland and we are optimistic 2014 will be the turning point in Ireland’s economic recovery.”

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:

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