2014 sees greatest increase in year-on-year job creation since 2008
2014 sees greatest increase in year on year job creation since 2008
2014 Insights Overall
- There was a 49% increase in the number of professional jobs available in December 2014 over December 2013.
- Overall 2014 witnessed the most significant increase in year on year job creation since 2008.
- Life sciences and pharma were particularly dynamic sectors in 2014. Graduates in these areas were in high demand.
- The SME sector actively recruited across the year, in stark contrast to 2013 and was competing with multinationals for talent.
- Overall there was an uplift in 2014 in the number of people returning to Ireland for work, primarily due to family considerations. Many returning professionals were willing to take a reduced remuneration package (relative to the market they were leaving) to facilitate their return.
- Anticipate a more competitive candidate led jobs market for those with specialist skills in 2015.
December Highlights Overall
- There was a 12% decrease in the number of professional jobs available in December 2014 compared to November 2014.
- A 20% decrease in professionals seeking employment was also recorded.
- Due to seasonal factors, December is typically a quieter month for job activity and candidate availability.
- Market indications are that employers are more likely to be in a position to pay year-end bonuses, (often paid out in January or early Quarter1), contributing to the fall in professionals actively seeking new positions. Job seekers equally are less active and more risk averse during the holiday season.
- Continued demand across sectors in December for candidates with multilingual skills.
Chart 1: Professional jobs
Chart 2: Professional job seekers
La Crème are a Morgan McKinley Group Company. 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.