Professional job opportunities fell by 9% in September compared to August 2016

Trayc Keevans 10.10.2016

The number of professional jobseekers decreased 11% year-on-year

Highlights:

  • There was a 9% drop in the number of professional jobs available in September 2016 when compared to August 2016.
  • Availability of professional job opportunities fell nationally by 10% in September 2016 compared to the same month last year.
  • There were 11% fewer professional job seekers than the previous year.
  • This month, the most active sectors nationally were Professional Services, Pharma and Technology / IT.
  • The most in demand roles nationally were – Quality Engineers; Research & Development Engineers; IT Project Managers; Audit and Tax professionals; Risk professionals and legal professionals with conveyancing expertise.
  • Pharma overtook IT in terms of buoyancy this month, with the majority of these employment opportunities based outside of Dublin.
  • IT sector remains predominantly Dublin centric. The growth in demand for hybrid talent in the FinTech space is being driven by new FinTech companies and the innovation labs of the large banks and consultancies. The requirement for cybersecurity professionals is also increasing.
  • Nordic languages were the most in demand languages this month, surpassing German for the first time. Ireland is growing its base as an outsourcing hub for Nordic customer service and technical support operations due to the excessively high cost of living in the Scandinavian countries.


Wednesday 12 October 2016: The availability of professional job opportunities in September 2016 (10,541) fell by 9% when compared to August 2016 (11,602) according to the Morgan McKinley Irish Employment Monitor. There were 10% fewer professional jobs available when compared to September last year (11,648).

The number of professionals seeking new roles rose by 10% in September (7,943) compared to August 2016 (7,214) but there were 11% fewer people looking for jobs when compared to September 2015 (8,880).

Morgan McKinley Ireland, Director of Inward Investment, Trayc Keevans commented:

Hiring activity in September was characterised by a degree of caution. There were more professionals seeking roles this month than previous, but a slower decision making process around hiring activity has impacted pace. 

Since the UK’s vote to leave the EU at the end of June, we anticipated that the ensuing complexities and uncertainty would impact company forecasting and resource planning activity in the short to medium term and we believe this has been in evidence this month.

However, a significant number of positive FDI job announcements in September indicate the underlying health of the jobs market particularly within growth areas that include cybersecurity, FinTech, Data Analytics, Pharma, MedTech, Medical Devices, Engineering and Risk. 

Within Risk, Ireland is developing a reputation for high quality talent and we are seeing a number of companies building hubs for risk excellence within Dublin. While Ireland’s long term reputation as a base for some of the world leading pharmaceutical and medical devices companies is ensuring resilience in this sector.

We continue to have concerns of an emerging mismatch between relatively outdated legacy skills within the labour force, and a shortfall in more highly skilled and qualified workers. The publication of the National Skills Bulletin 2016 published by the Expert Group on Future Skills Needs this week is timely and welcome.

The launch in September by the Department of Jobs, Enterprise and Innovation of a new Employment Permits Online System which will streamline the current employment permit application system for professionals outside the European Economic Area should lead to faster processing times. This is a positive development for those sectors experiencing talent shortages.

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Issued by

Rachel Graham, MKC Communications, 01 703 8600 / 086 8488092

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

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 2015, Morgan McKinley was recognised as one of the top 5 Best Workplaces in Ireland in the Great Place to Work Awards. The company was also a Ruban d’Honneur recipient in the 2014/5 European Business Awards.

Trayc Keevans's picture
Global FDI Director
tkeevans@morganmckinley.ie