Irish Employment Monitor - July 2012

Sharon O'Donnell - 01/08/2012
La Creme Irish Employment Monitor

Irish professional job opportunities down 4% in July 12

“Monitoring the pulse of the Irish professional jobs market”

Irish professional job opportunities down 4% in July 12

Highlights

  • The Morgan McKinley Irish Employment Monitor recorded a month-on-month decrease of 4% in the number of new professional jobs available in July 12
  • There was a minimal increase (1%) in the number of professional job opportunities when compared to the same time last year
  • July 12 saw a 12% increase in the number of professionals entering the jobs market month-on-month
  • Compared to the same time last year there was a 23% increase in the number of new professional job seekers in July 12.

The latest Morgan McKinley Irish Employment Monitor registered a 4% decrease in the number of new professional job opportunities from June 12 (8,302) to July 12 (7,953). The amount of jobs available when compared to the same time last year (7,900) remained flat, rising by only 1%.

With regard to new professional job seekers entering the market, there was an increase of 12% from 10,150 in June 12 to 11,365 in July 12. There was an increase (23%) to the number of professionals seeking new career opportunities during the same month last year (9,210).

Karen O’Flaherty, Chief Operations Officer, Morgan McKinley commented:

“The minimal 1% rise in new job opportunities coming onto the market from July 11 to July 12 is indicative of the flat economic market. Newly released jobs decreased by 4% when compared to last month and can be largely attributed to the holiday season and an unsurprising slow down in the pace of hiring.

“Job creation is expected to continue to grow as a result of foreign direct investment, primarily in multinationals and shared services businesses that have the support of the IDA. Life sciences and ICT are the areas where skilled professionals continue to be in demand.

“A trend that is evident in today’s professional jobs market is an increase in temporary and contract opportunities (it should be noted that this report is tracking only permanent jobs). Furthermore, we have noticed that contract lengths are being extended in recent times; this indicates a greater visibility and confidence from hiring managers as they are willing to commit to longer budgeting forecasts. This sentiment was also noted in a recent survey carried out by KBC Bank Ireland/Chartered Accountants Ireland which stated that there are “indications that employment across the Irish economy may be starting to stabilise” (Mr. Austin Hughes, Chief Economist, KBC Bank Ireland).

“From a job seeker perspective, recent evidence tells us that professionals seeking new job opportunities are more motivated by the overall package being offered including the benefits. This is a positive signal in the market as it demonstrates that professionals are more considered in their long-term career prospects and do not feel pressurised to accept the first job offer.”

 

ENDS 

Further press information:

Cian Connaughton, MKC Communications | T: +353 1 703 8611 | E: cian@mkc.ie

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.

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 an Irish owned global professional recruitment consultancy connecting specialist talent with leading employers across multiple industries and disciplines.

With offices across Ireland, the UK, Europe, the Middle East and Asia-Pacific, 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 2012, Morgan McKinley ranked 3rd in the Irish Independent’s listing of Best SME Workplaces in Ireland and was also named in the 50 Best Small and Medium Workplaces in Europe by the Great Places to Work Institute. We are also proud to be ranked in Deloitte’s Top 20 Best Managed Companies in Ireland for 2012.

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.

Sharon O'Donnell's picture
Associate Director
+353 1 4321500
sodonnell@morganmckinley.com