According to our latest Irish Employment Monitor, the number of new professional jobs in the market increased by 39% from December 2010 to January 2011. After these figures were released, I received queries from several people wanting to know more about the Waterford and Kilkenny jobs in particular, so I thought I would share some insights.
Firstly looking at finance – the area in which I specialise – the biggest change I have seen recently has been the increased number of roles for qualified accountants compared to this time last year and throughout 2010. Despite this increased demand, base salaries for qualified accountants are still up to 30% less than they were during the boom period.
There is still a scarcity of talent for roles that require ACMA qualified cost/management accountants with experience in multinational manufacturing businesses. Salaries in this sector have therefore not been affected as significantly as those in the financial accounting area.
A recent local baby boom has created demand for qualified accountants to fill maternity contracts. These positions, which were traditionally difficult to fill, are now increasingly attractive to self-employed finance consultants whose pool of clients have dried up.
Finance professionals at all levels are finding jobs at a faster pace than in 2010, however, they are having to be more flexible. Most finance job seekers are now willing to consider temporary, contract or permanent roles, and many are prepared to commute longer distances to work.
The good news is that the large volume of people who were looking for roles in accounting and finance over the past 18 months has started to recede as professionals take up new positions, indicating that 2011 should be a more positive year for the hiring market in this sector.