Job opportunities rise 26% in September 10 compared with August 10

Aldagh McDonogh 06.10.2010

The Premier Group Irish Employment Monitor is now called the Morgan McKinley Irish Employment Monitor as Premier, Verkom and Brunel, the specialist recruitment divisions within Premier Group, are now called Morgan McKinley.

The Morgan McKinley Irish Employment Monitor registered a 26% increase in job opportunities for professionals in September 10 compared to August 10, with the number of vacancies rising to 6,674 from 5,300. Job vacancies in September 10 were also 40% up on the September 09 figure of 4,764.

Compared with Q3 09, there was a 45% rise in job vacancies in Q3 10. However, the number of jobs showed very little change from the immediately prior quarter, increasing by 1% from Q2 10.

There was a 19% jump in professionals beginning their job search in September 10, increasing to 13,175 from 11,070 in August 10. The September 10 figure also registered a 19% increase on the September 09 figure of 11,105.

Brian Murphy, CEO of Premier Group Ireland, commented:
“September 10 saw the highest volume of new professional job vacancies since October 08. While this is positive in itself, we are still well off the levels consistently attained at the height of the boom cycle in 2007. September 10 saw a 26% increase in new jobs over August 10, this is partly due to seasonal uplift as the market gathers pace after the summer and hiring managers and candidates are over the holiday season”.

“Q3 showed a 45% rise in jobs available compared to the same period last year, although that comes off the very low base experienced in Q3 09. While it is encouraging to see that 2010 continues to outperform 2009, Q3 10 vacancies are only up very slightly from Q2 10 (1% increase), which indicates that quarter-on-quarter growth may be slowing. However, the Q3 figures do include the traditionally slower summer months of July and August.

“While we saw an increase in recruitment activity across all of our specialist areas in September, we found the IT sector to be particularly active. There was a sizable improvement in the development space with technical requirements becoming more critical, not only core languages such as Java and .Net but also knowledge of the latest platforms such as web services and enterprise applications including Oracle and SAP. We also saw a lot of IT activity within the application support and testing areas with strong demand for support and configuration of web based applications”.

“September is typically one of the busiest months for jobseekers as the holiday season comes to an end and both candidates and hiring managers are more available for the interview process. It is good to see the trend continuing this year, with candidate numbers up by 19% from both the previous month August 10 and from September 09. Despite the lingering uncertainty in the economy, confidence among professionals appears to be growing.”

Chart: New jobs v. new candidates

September 2010 Irish Employment Monitor | New jobs and new candidates

 

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Notes to editors

About the Premier Group Irish Employment Monitor

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. The first Premier Group Irish Employment Monitor was launched in May 2009 with data from April 2008 onwards.

Statistical methodology

Monthly new jobs and new candidates

Monthly new jobs and new candidate figures are based on Premier Group’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 Premier Group’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 Premier Group’s network of Irish offices in Cork, Dublin, Kilkenny, Limerick and Waterford.

About Premier Group

Premier Group is Ireland's leading recruitment consultancy with offices in Cork, Dublin, Kilkenny, Limerick, and Waterford. Internationally, the Group operates from 24 offices across eight countries. Subsidiary brands within Premier Group in Ireland include Accreate Executive Search & Interim, Brunel, la crème, Premier, and Verkom. Morgan McKinley and iQ selection also form part of the Premier Group outside of Ireland.

Morgan McKinley London Employment Monitor

Premier Group currently publishes a similar monitor in London under its subsidiary brand name, Morgan McKinley. The highly-regarded Morgan McKinley London Employment Monitor was launched in 2004 and reports on the new roles, candidates and salaries within the financial services jobs market in London each month.

Transformation Director
amcdonogh@morganmckinley.com