Employment Monitor - January 2010
“Monitoring the pulse of the Irish professional jobs market” Ireland sees third consecutive month of job market growth Highlights
Ireland’s hiring market shows gradual growth trend The Irish professional jobs market saw a 15% month-on-month increase in new opportunities in January 10 from 4,587 to 5,282 jobs. There was also a 12% increase in jobs from 4,715 to 5,282 in January 10 compared to the same month a year ago. Job vacancies in January 10 were higher than at any point in 09 and showed a third consecutive month of growth, indicating a continuation of employers showing new confidence in the market. The number of professionals entering the jobs market in January 10 rose by 67% over December 09 increasing from 7,560 to 12,655, reflecting the traditional return to job hunting after the Christmas holiday period. There was also a slight increase in employees’ confidence to move roles indicated by the modest 6% increase in professionals looking for new jobs from 11,940 in January 09 to 12,655 in January 10.
“The jobs market in Ireland throughout 2009 was very challenging with a huge number of companies either making employees redundant or putting hiring plans on hold. In spite of this difficult market, we have seen a small but steady increase in job vacancies since the real low points reached in July and August 09. January 10 has actually seen the highest number of new jobs available in any one month since November 08. “Sectors that were busier in January included IT, especially at the more senior end of the market; pharmaceutical/medical devices where compliance and quality roles were particularly plentiful and supply chain positions across industry sectors with an emphasis on process “The number of new professionals entering the jobs market in January 10 saw a 67% increase over December 09. However, when seasonal factors are taken into consideration this rise owes much to the “new year, new job” syndrome, which often follows the December decline in recruitment activity. Also, it’s important to note that many of those entering the jobs market in January 09 were doing so on an involuntary basis as redundancies were very prevalent. In January 10, more professionals entered the market through their own choice, encouraged by signs of improving market conditions.” Chart: New jobs v. new candidates
-ENDS- Notes to editors Cian Connaughton
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. The first Premier Group Irish Employment Monitor was launched in May 2009 with data from April 2008 onwards. Statistical methodology Monthly new jobs and new candidates Job classification Geography About Premier Group Premier Group is Ireland's leading recruitment consultancy with offices in Cork, Dublin, Kilkenny, Limerick, and Waterford. Internationally, the Group operates from 24 offices across eight countries. Subsidiary brands within Premier Group in Ireland include Accreate Executive Search & Interim, Brunel, la crème, Premier, and Verkom. Morgan McKinley and iQ selection also form part of the Premier Group outside of Ireland. Morgan McKinley London Employment Monitor Premier Group currently publishes a similar monitor in London under its subsidiary brand name, Morgan McKinley. The highly regarded Morgan McKinley London Employment Monitor was launched in 2004 and reports on the new roles, candidates and salaries within the financial services jobs market in London each month. Visit http://www.morganmckinley.co.uk/ for details. |
