The number of professional job vacancies available in April 2018 increased by 5.5% nationally since March according to the Morgan McKinley Ireland Employment Monitor. Overall, the availability of professional jobs reduced by 11.5% in April 2018 compared to the same month a year ago.
There was also a reduction of 1.2% in the number of professionals seeking new roles in April compared to the previous month. The Monitor also recorded a marginal increase of 0.2% in the number of professionals actively seeking new job opportunities in April 2018, compared to April 2017. This reflects improving economic conditions and overall balance in the professional jobs market in a climate where unemployment has fallen below 6% for the first time in over a decade.
Morgan McKinley Ireland, Global FDI Director, Trayc Keevans commented:
“Overall April was very strong from a jobs announcement perspective particularly from the biopharma sector. We saw a number of large multinationals make significant job announcements in regional locations such as Dundalk, Louth and Meath ahead of locations such as Dublin and Cork. We are now seeing the regions really starting to compete with urban locations in terms of job creation particularly in new emerging technologies.
Job disciplines where we have seen a positive increase month on month in terms of hiring includes: demand marketing specialists, project programme managers, HR specialists and financial accountants. We are also seeing strong organic growth in the Irish professional jobs market where companies have a positive outlook and are resourcing their requirements accordingly. These roles include front of house roles such as reception and administration. This is compatible with new office openings and the continuing expansion of activities.
Opportunities in the legal sector are being created in the local market at an increased pace. There are two main reasons for this; uncertainty over Brexit and GDPR. Both conditions represent uncharted territory whereby legal firms are aiming to assist clients to navigate through Brexit and GDPR with advice and clarity.
The diverse approach by companies to the GDPR deadline continues. Many companies are at very different points on their GDPR journey. There are still some companies at the beginning that are still trying to understand what GDPR means for them and only starting their due diligence now. As a result, they will find the up-coming deadline very hard to achieve. Others that are much further along have the appropriate infrastructure in place and have communicated their policies to clients and customers before the May 25th enactment date.
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About the Morgan McKinley Irish Employment Monitor
The Morgan McKinley 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 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 Services, 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, Kilkenny, Limerick and Waterford.
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, Europe, 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.