Positive economic outlook feeding buoyant professional services recruitment [Press release]
Thursday 8th February 2017: The number of professional job vacancies was up by 45% nationally in January 2018 compared to December 2017 according to the January 2018 Morgan McKinley Ireland Employment Monitor. There was also a 33% increase in the number of professionals actively seeking jobs last month, indicating positive sentiment.
Compared to the same time a year ago (January 2017), the volume of professional job vacancies was down by 10% and the number of professionals seeking jobs reduced by 4%. There has been considerable growth in overall employment in the economy and that growth is continuing, albeit at a slightly lower volume compared to the same period a year ago. This is to be expected given positive economic conditions and the overall low rates of unemployment.
Morgan McKinley Ireland, Director of Inward Investment, Trayc Keevans commented:
“It is early in the year but indications are that companies remain confident and optimistic in their outlook. The continuing improvement in economic circumstances is feeding into a buoyant professional services recruitment market. We are seeing a strong pipeline of interest from employers and talent abroad as well as strong organic growth in the Irish professional jobs market.
“Brexit has sparked hiring demand in the areas of trade compliance and regulatory requirements as businesses begin to navigate the unique challenges of Brexit and understand how it will affect business operations.
“There is strong demand for Data Protection Officers (DPOs), data controllers, compliance specialists and data analysts as companies increase their readiness for GDPR regulations coming into force. This is expected to increase as demand for privacy and data specialist talent continues to grow ahead of the May deadline.
“Ireland has a vibrant employment climate including indigenous talent, a multinational and multilingual community and close connections with Europe. This continues to attract inbound talent as well as globally recognised companies. Two major multinational companies recently announced plans to create global hubs for software engineering, architecture and development underlining Ireland’s success in attracting cutting-edge FDI investment.
“Ireland’s indigenous industries are also holding their own. In the past, particularly in the IT sector, it was difficult for Irish SMEs to compete for talent with larger multinational companies who could offer better salaries, conditions and access to state of the art technology. But now we’re seeing the playing field shift slightly. Irish companies are beginning to win talent because they are ambitious, they make decisions quickly and technical innovation lies at the heart of everything they do.”
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.
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, Limerick and Waterford.
About Morgan McKinley in Ireland
Irish-owned 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 most of the major employers in its specialist sectors and thousands of smaller local firms.
In 2017, Morgan McKinley was recognised as one of the top five Best Workplaces in Ireland, in the Great Place to Work Awards. The company also received an award for the best Learning & Development Organisation at the Irish Institute of Training and Development Awards and ranked sixth globally on LinkedIn’s list of the Most Socially Engaged Staffing Agencies.