Irish Employment Monitor - August 2013

Aileen McCarney - 12/09/2013
La Creme Irish Employment Monitor

Professional job opportunities increase by 11% compared to last month

  • The Morgan McKinley Irish Employment Monitor recorded a month-on-month increase of 11% in the number of professional jobs available in August 2013
  • There was also a 9% increase in the number of professional job opportunities when compared to the same month last year
  • August 2013 saw an 11% decrease in the number of professionals entering the employment market compared with July 2013
  • Compared to the same time last year this is a 26% decrease in the number of new professional job seekers on the market

The August 2013 Morgan McKinley Irish Employment Monitor registered an 11% increase in the number of new professional job opportunities from July 2013 (7,681) to August 2013 (8,527). The number of jobs available compared to the same month last year (7,828) increased by 9%. 

 
In terms of professional job seekers entering the market, there was a decrease of 11% from 9,240 in July 2013 to 8,230 in August 2013. There was also a fall of 26% recorded in the number of professionals seeking new career opportunities compared to the same month last year (11,120). 
 
Karen O’Flaherty, Chief Operations Officer, Morgan McKinley commented:
 
“Despite August being a typically quiet month for recruitment due to seasonal factors, such as holiday and the shutdown period, it is encouraging to see the demand for jobs increase month-on-month (11%).  This rise in activity was most notable within the medical device, pharmaceutical and FMCG industries. 
 
“The 11% increase in the number of newly released job opportunities, despite an initial slowdown in the early part of the month, is evident particularly within financial services, accounting & finance, engineering and supply chain markets. This is in line with recent findings from the Quarterly National Household survey which reveals employment has risen for the fourth consecutive quarter, along with a 1.8% jobs growth year-on-year.
 
“As is widely reported, the ongoing demand for IT talent such as developers, java, .net and QA professionals remains high. The financial services sector shows heightened demand for qualified professionals in regulation, insolvency and restructuring. This is principally attributed to the ongoing readjustment required in the Irish financial market. Furthermore, we have seen increased demand for fund candidates as Ireland continues to attract new business. 
 
“Hiring managers within accounting and finance are seeking accountants with one to two years post-qualification experience. Historically, this community of candidatestends to travel following qualification and recent figures have identified that the same level of post-graduate professionals are not returning. 
 
“Medical device and pharmaceutical companies continue to seek supply chain professionals, specifically with warehouse and procurement expertise. In particular those with analytical and forecasting knowledge and engineers with quality and manufacturing experience are in demand.
 
“Despite some talent shortages in specific sub-sets of the market, we are yet to see this translate into an increase in remuneration packages being offered.Looking forward to the latter months of 2013, we expect to see increased activity in the jobs market and are cautiously optimistic for the remainder of the year.”
 
View previous versions of the Morgan McKinley Irish Employment Monitor.
 
 
Chart 1: Professional jobs

Chart 2: Professional job seekers 

– ENDS –
 
Notes to editors
Further press information:
Mike Miley, MKC Communications | T: +353 1 703 8600 | E: mike@mkc.ie
 
Spokespeople available on request for further industry insights and commentary:
Edward Heffernan – Accountancy & Finance
Susan Kelly  –  Banking
Elaine Kennedy – Science, Supply Chain, Engineering
Ann O’Mahony – Office Support 
 
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. Seewww.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
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 many of the major employers in its specialist sectors and thousands of smaller local firms.
 
In 2013, Morgan McKinley was recognised in the Irish Independent’s listing of Best SME Workplaces in Ireland. We are also proud to be ranked in Deloitte’s Top 20 Best Managed Companies in Ireland for 2013.
 
Morgan McKinley London Employment Monitor
Morgan McKinley currently publishes a similar Employment Monitor in London. It was launched in 2004 and reports on the new roles, candidates and salaries within the financial services jobs market in London each month.
Aileen McCarney's picture
Director | Dublin
+353 1 4321 500
aileenmccarney@lacreme.ie