Press Release: Irish Employment Monitor - June 2013
Professional job opportunities increase by 10% in Q2 2013 compared to Q2 2012
- The Morgan McKinley Irish Employment Monitor recorded an increase of 10% in professional job opportunities in Q2 compared with the same period last year.
- Additionally year to date an increase of 5% was recorded when compared with the first six months of 2012.
- From a month-on-month perspective, there was a 3% decrease in job availability from May 2013 to June 2013.
- This was an increase of 10% in the number of new professional job vacancies available compared to June 2012.
- The number of professionals looking for new job opportunities decreased (17%) from May 2013 to June 2013.
The June 2013 Morgan McKinley Irish Employment Monitor registered a 10% increase in Q2 2013 (April-June 27,739) in the number of professional job opportunities compared with Q2 2012 (25,112). However, between May 2013 (9,434) and June 2013 (9,147), there was a decrease of 3% in the number of professional jobs available.
The number of professionals seeking new job opportunities from May 2013 (10,135) to June 2013 (8,371) decreased by 17% despite a slight gain of 2% shown in last month’s Employment Monitor. This monthly decrease is reflective in general of a downward trend for the year to date with the first six months recording a decrease of 14% compared with the same period in 2012.
Karen O’Flaherty, Chief Operations Officer, Morgan McKinley commented:
“Professional job opportunities across all divisions have steadily increased across SME and multi-national sectors as a result of growing business confidence year on year. Due to the start of the summer season new job opportunities have unsurprisingly decreased by 3% between the months of May and June.
“The downward trend in the number of professional job seekers can be explained in a couple of ways. Both seasonal and economic factors can be attributed to the decrease. Compounded by news of a return to recession, job seekers are more cautious and considered when exploring new opportunities.
“Equally, many of the skills in demand by employers, particularly those in the multi-national sector, are seeking experienced professionals already employed and hence the pace of the market and recruitment cycle are typically slower and longer.
“Skills in demand within the senior professional market include the emergence of hybrid roles across finance, IT and marketing where strong multi-industry and sectoral experience combined with good project management, leadership and people skills are highly sought after. Trends emerging include experience in data modelling, analytics and forecasting complementing the traditional job descriptions and skills sets of the past.
“With the establishment of new employers, through inward investment and the SME sector in various locations around Ireland in recent months, various job opportunities have arisen in technology including digital marketing, enterprise solutions and specialist IT skills including UI/UX engineers. Demand remains high for skills in multi-lingual technical support, customer service personnel and experienced marketers with pan European experience.
“Hiring in web and mobile applications roles remained strong in June with demand for experienced professionals with languages including Java, PHP, Ruby on Rails and Objective-C. Also senior IT professionals with .Net, ERP and SAP skills combined with project management and business analysis skills are highly sought after.
“The hybrid trend is continuing in terms of new marketing roles coming on-stream, particularly in the area of content marketing where a mix of journalistic skills and multi-media are required. Employers are looking for marketing professionals with online experience and knowledge in developing their employer brand, service or value proposition.
"In many areas of finance and insurance and as a consequence of the changing regulatory, economic and competitive landscape risk as an area has gained significant prominence. This has led to many organisations rethinking who is responsible for Risk and as a result to either promote from within or hire in new talent to operate as a professional and separate entity. The CRO has increased in importance and we are seeing these individuals increasingly build relationships with other Business Unit Leaders ensuring that the organisation embraces risk across multiple disciplines.
"Though we expect demand in many of the areas to continue, we anticipate a modest pace of job hiring and professionals seeking new opportunities over the summer months."
Chart 1: Professional Jobs
Chart 2: Professional Job Seekers
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Notes to editors
Further press information:
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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. See www.morganmckinley.ie for details.
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.
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. Visit www.morganmckinley.co.uk for details.