Irish Employment Monitor - February 2011
Job opportunities rise 26% year-on-year in February 11 as hiring ‘green shoots’ appear for Irish companies and SMEs Highlights
There was also a dip in professionals beginning their job searches in February 11, decreasing 3% from 6,595 to 6,380 month-on-month. Compared to February 10, when 15,060 professionals entered the jobs market, there was a 58% decrease.
“This increase comes from companies that had essentially frozen hiring since the downturn which are starting to recruit again, albeit modestly. For example, legal, marketing and HR roles are once again coming onto the market from indigenous companies, as anticipated last month. After an extremely challenging few years, we are also seeing a revival in hiring from SMEs. The formation of the new coalition Government will signify a new start for many of these companies, and will hopefully lead to a more stable and visible business landscape. “There was a notable decrease (58%) in the number of new professional job seekers in February 11 compared to the same time last year. This highlights the shortage of skilled workers in specific sectors, for example, demand for multilingual professionals significantly outstrips supply nationwide. In addition, the inflow of international job seekers has slowed, which may have contributed to this decrease. “February 11 also marked the ‘return of the counter offer’, another indicator that specific talent is in high demand. There were increasing instances of companies using remuneration offers to outbid each other to retain or attract key professionals. This trend was particularly noticeable in the IT and technical hiring markets, where skills shortages are being felt most acutely. “Demand for IT professionals, particularly those with experience in design and development, has been extremely high over the last 12 months and we are continuing to see skills deficits in the areas of Java and .Net. In fact, our Employment Monitor recorded a 35% increase in IT job vacancies from Q3 10 to Q4 10. In response to this demand, we have launched a new IT division in our Limerick office. Drawing on the experience of our established IT teams in Cork and Dublin, this specialist division will service the Limerick, Galway and Mid-West areas. We are delighted to be ‘on the ground’ in Limerick in what is a very dynamic time for IT recruitment.”
Further press information: 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. 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 Morgan McKinley in Ireland 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 and 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. From 6 October 2010 Premier, Brunel and Verkom the specialist recruitment divisions of Premier Group in Ireland are called Morgan McKinley. Nothing else has changed. We are the same people, the same Irish company delivering the same recruitment service. Morgan McKinley recently ranked 7th in the Irish Independent’s listing of Best SME Workplaces (less than 250 employees) in Ireland. We are 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. Visit http://www.morganmckinley.co.uk/ for details. 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 10 countries. The specialist recruitment brands within Premier Group are Morgan McKinley, la crème and Accreate. http://www.premiergroup.ie/ |
