Professional job vacancies up 9% in September as strong hiring resumes.
Karen O’Flaherty, Chief Operating Officer, Morgan McKinley Ireland said:
“The professional jobs market rebounded strongly throughout September with higher levels of recruitment activity which were balanced by an equivalent level of mobility within the professional workforce. In general, employers have adjusted well to the longer recruitment cycles involved in attracting talent. HR departments have increased their capacities, recruitment forecasting and succession planning have been enhanced and the pace of employer decision making has accelerated. This overall capability within the market has improved noticeably since the start of the year.
“We are seeing continuing buoyancy in the Sciences, aligned to growth in the food industry; Financial Services, aligned to Brexit, particularly in the fields of risk and compliance management; and Data Compliance, aligned to the advent of GDPR where there is major demand for Data Process Officers and Project Managers. ICT remains a powerhouse of the Irish economy driven by high demand for engineering, cloud computing and digital talent.
“There is demand across multiple sectors for professional skills in all main business and operations management functions which reflects an overall sense of confidence across the economy in spite of the various geopolitical and economic issues facing Ireland.
“Indigenous enterprises and SMEs are becoming increasingly aware of the necessity to act around GDPR and the need to upskill and/or hire is intensifying. In view of the current scarcity of data process management skills in the market, as this was not a keynote requirement prior to the new regulation, many companies are promoting or transferring current staff into this role as they are more likely to have an immediate awareness of data processing points within the business. This in itself is creating vacancies within the functions that those employees are vacating to take on the GDPR role. There are currently an estimated 75,000 vacancies globally for relevant roles in this area where skills are in generally short supply.
“In terms of hiring and recruitment activity, Dublin and Cork are still operating at a pace that is somewhat higher than in other regions, however, the gap is narrowing as more and more professional job seekers specify that they are seeking career opportunities in the regions. Increasingly, multinational and indigenous employers are moving to establish offshoot operations to cater for this need and to fill vacancies more quickly. This is very noticeable in areas like financial services where the south-east, for example, has seen a cluster of financial services companies expanding and establishing operations.
“Ireland is in a really high state of preparedness to attract inward investment, multinational or indigenous, into the regions. The State agencies, local authorities and enterprise boards continue to attract and support start up and expanding companies and work closely with Morgan McKinley in supplying market intelligence such as databases of information including details of talent availability, cost of talent, infrastructure and property. Academic institutions are also playing an important role in liaising with industry and in many cases specific courses and programmes are being created to provide skilled and work-ready graduates directly into sectors with the most recruitment demand.
“It’s essential that we continue to invest in education and skills and in the capability of our country to produce graduates of the highest possible quality in the future. Our multinational clients come here because of a supportive business environment and all the more so because of the seriously well qualified and experienced talent bank that Ireland has to offer. In an age where machine learning, artificial intelligence, robotics and other technological advancements can potentially disrupt current employment models in the future, we need to stay ahead of the curve in terms of our national intellect and our capacity for invention and innovation across all of these future trends.”
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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.
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 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.
The data is based on new job vacancies and new candidates registered with Morgan McKinley’s network of Irish offices in Cork, Dublin, Limerick and Waterford.
About Morgan McKinley in Ireland
Irish owned 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 most of the major employers in its specialist sectors and thousands of smaller local firms.
In 2016, Morgan McKinley was recognised as one of the top five Best Workplaces in Ireland, in the Great Place to Work Awards. The company also received an award for the best Learning & Development Organisation at the Irish Institute of Training and Development Awards and ranked sixth globally on LinkedIn’s list of the Most Socially Engaged Staffing Agencies.