Press Release: Irish Employment Monitor - September 2013

Aldagh McDonogh 04.10.2013

Highlights

Monthly data:

  • The Morgan McKinley Irish Employment Monitor registered a decrease (4%) in the number of new professional jobs in the market in September 2013 compared to August 2013. 
  • Compared to the same time last year, the number of new professional job vacancies is down 8%.

 

Quarterly data:

  • There was a 12% decrease in the number of professional job opportunities from Q2 to Q3 this year.
  • A minimal decrease (1%) was recorded in the number of vacancies in the market from Q3 2012 to Q3 2013


Year to date

  • In the year to date, from January to September 2013, there was a 3% increase in jobs coming on to the market compared to the same period last year.


Job seeker data:

  • September 2013 saw a month-on-month rise (17%) in the number of professionals entering the jobs market.  
  • Compared to the same time last year, this is a decrease of 5% in the number of professional job seekers in the Irish market.

 

The Morgan McKinley Irish Employment Monitor has registered a 3% increase overall in jobs coming onto the market this year from January to September (79,042) when compared to the same period last year (76,763). Regarding the quarterly figures, a drop of 12% from Q2 (27,616) to Q3 (24,393) of this year was recorded. This was a minimal change from Q3 of the previous year when the total number of jobs was 24,631.

Taking the month of September 2013 alone, there was a 4% decrease in the number of new professional job vacancies registered from 8,527 in August to 8,184 in September. Compared to the same time last year, job availability also decreased by 8% from 8,851 in September 2012.

With regard to new professional job seekers entering the market in September this year compared to the same month in 2012, the number fell by 5% from 10,225 to 9,670. However month-on-month this was a significant increase of 17% from 8,230 in August 2013.


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

“The month on month decrease of 4% in the professional jobs market in Ireland overall reflects a flat month compared with August. The latter half of the month showed a significant upswing in jobs available and we would expect to see this trend continue into October.  We are still seeing growth in key industries like FMCG, pharmaceutical and ICT. There is continued movement in established markets, specifically in the professional services area where accounting, legal and HR roles are increasingly available. 

“The digital space in Ireland is particularly buoyant right now, with many companies seeking marketing professionals with 5-7 years experience in analytics, social media and mobile marketing. Hiring managers in this space are looking for high achievers with specific skill sets and are unlikely to hire career changers. Our September jobs figures have seen marketing roles outweigh sales roles in terms of new opportunities coming onto the market. Furthermore we are seeing a shift towards these types of positions being permanent contracts rather than fixed term or temporary.

“Specifically within the professional services market, there is a demand for solicitors with commercial property experience, legal secretaries and office support staff due to the slight but steady uplift in transactions in the Irish property market; however this is mainly restricted to the greater Dublin area.

“In terms of professional job seekers, we registered a 17% increase in the number of professionals in the market when compared to last month. It is usual to record increased activity in terms of job seekers after the summer months and, interestingly, we are seeing a trend of Irish nationals returning from abroad. Driving this return of experienced professionals are job seekers who moved away at the beginning of the recession and now have young families, making the desire to return home more acute. They are also seeing tangible signs of improvement in the Irish market. We welcome this development as a positive one for Ireland’s economy and future in general.”


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 8600 | E:  mike@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