Positive figures support Government predictions of further drop in Ireland’s unemployment rate
16% increase in the number of professionals seeking new roles between April and May 2017.
- 15% month to month increase in professional job vacancies nationally in May, compared to April 2017.
- The availability of professional jobs grew by 10% in May 2017 compared to the same period in 2016.
- There was an increase of 16% in the number of professionals seeking new roles between April and May 2017.
- The monitor also recorded a 6% rise in the number of professionals actively seeking new job opportunities in May 2017, compared to May 2016.
- Despite Brexit a lot of financial services companies are not prepared to commit to large recruitment plans, rather opting to fill positions ensuring they are meeting any extra demands instead of pre-emptively hiring in large numbers.
- Increased merger and acquisition activity is likely as accountancy practice firms look to scale to capture more market share. This is particularly prevalent among smaller firms, who are looking to expand their staff, expertise, service offering and as a consequence, market share.
- There is strong demand for recently qualified accountants, tax consultants and candidates with between two and three years of experience looking to specialise in more niche areas.
- The aircraft leasing and investment management space is very strong with companies looking to improve their overall packages and see how they compare to competitors.
- This is a continuing growth area for recruitment with strong demand for both permanent and contract candidates.
- Brexit has resulted in a steady influx of strong candidates in the contract IT sector who are moving from the UK to Ireland in search of more market certainty.
- Indigenous companies and start-ups continue to drive recruitment in this sector with a number of start-up companies growing their teams quickly, requiring a much faster hiring process than multinational clients and they are therefore making some key hires.
- Demand is strong for .Net, Java and Python developers with experienced infrastructure specialists and DevOp engineers in short supply.
- Machine learning and Robotic Process Automation (RPA) is an ongoing strong focus for IT professionals recruited by companies within the financial services industry.
- Supply Chain is continuing to diversify into specialisation such as logistics, planning and procurement, to ensure greater efficiencies and cost controls. As a result there is more focus on hiring candidates with a strong supplier relationship skillset and experience.
- There is continued demand for candidates with strong operational HR experience managing all employee life cycle activities. In particular demand is high for HR generalists.
- Larger corporations are fuelling the growing demand for HR analysts as the analysis and reporting of employment metrics and data is becoming increasingly important to them.
- There is increasing interest from UK candidates looking at opportunities here in Ireland and continued interest from candidates in overseas markets including Europe, South Africa and Australia who are considering Dublin as a base from which to work (within Europe).
- Demand is strong for job seekers with multilingual skills. MNCs based in Limerick and Galway in particular are seeking candidates with French, German, Spanish and Dutch language skills and market knowledge.