Irish Employment Monitor - June 2012
- The Morgan McKinley Irish Employment Monitor recorded a month-on-month increase of 5% in the number of new professional jobs available in June 12
- There was a negligible increase (1%) in the number of professional job opportunities when compared to the same time last year
- June 12 saw a 20% decrease in the number of professionals entering the jobs market month-on-month
- Compared to the same time last year there was a 3% increase in the number of new professional job seekers in June 12.
The latest Morgan McKinley Irish Employment Monitor registered a marginal 5% increase in the number of new professional job opportunities from May 12 (7,890) to June 12 (8,302). The amount of jobs available compared to the same time last year remained steady, rising by only 1%.
The number of professionals seeking new job opportunities decreased considerably by 20% from 12,645 in May 12 to 10,150 in June 12. This was a minor increase (3%) when compared to the number of professionals seeking new career opportunities during the same month last year (9,855).
Karen O’Flaherty, Chief Operations Officer, Morgan McKinley commented:
The hiring market showed no significant fluctuation in the volume of new Irish professional job opportunities from May 12 to June 12. We are beginning to see the effects of the traditional seasonal downturn experienced over the summer months which have slowed the volume of new jobs and new professionals emerging onto the market this month.
The clarity gained in the recent enactment of the Agency Workers Directive coupled with the flexible, cost-effective aspects of contract hiring, is contributing to more jobs of this type being released, many contracts being extended further, and ultimately less of a focus on permanent hiring.
Demand for IT professionals and those with multilingual skills across all sectors remains consistently high. While the main bulk of hiring can be largely attributed to multinational companies we have noticed a slight uplift in the number of indigenous firms hiring IT and sales professionals. July and August are traditionally quieter months for recruitment and we would expect the hiring process to continue at a slower pace throughout this period.
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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. The first Premier Group Irish Employment Monitor was launched in May 2009 with data from April 2008 onwards.
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 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.
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.
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 2011, Morgan McKinley ranked 7th 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 were also proud to be ranked in Deloitte’s Top 20 Best Managed Companies in Ireland for 2011.
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.