Irish Employment Monitor - January 2011
January 11 registers highest monthly volume of new professional job vacancies since October 08. Highlights The Morgan McKinley Irish Employment Monitor reports that the number of new professional jobs in the market in January 11 increased by 39% from December 10 This also reflected a 37% increase year-on-year from January 10 and was the highest number of new job vacancies recorded since October 08 January 11 saw a 23% increase in the number of professionals entering the jobs market month-on-month However, when compared to January 10, there was a significant year-on-year decrease (48%) in the number of professionals entering the jobs market in The latest Morgan McKinley Irish Employment Monitor shows that new job opportunities for professionals in Ireland increased by 39% from 5,227 in December 10 to 7,250 in January 11. This also represented a 37% increase from the January 10 figure of 5,283. The number of professionals seeking new employment opportunities in January 11 increased by 23% from December 10, rising from 5,365 to 6,595. This is however a 48% decrease year-on-year from January 10 levels which saw 12,655 professionals entering the jobs market. “Economic indicators and anecdotal evidence from employers do however point towards a more positive start to the year for the professional jobs market. Job creation is firmly on the agenda in the lead up to the General Election and the feeling is that there is greater visibility with regard to potential hiring plans across H1 2011 in certain pockets of the professional jobs market than there was at the start of 2010. “Recently, requirements for corporate restructuring – particularly within larger multinational corporations – have resulted in recruitment growth in several niche areas. For example, demand for professionals with experience in IT development and R&D is extremely high and for the first time in several years we are seeing acute skills deficits in this area. “Certain areas of the financial services sector are also gaining momentum with regard to hiring. Demand for multilingual professionals and commercial accountants is on an upward curve and although multinational corporations continue to offer the highest volume of positions, it is encouraging to see several indigenous companies increase, or plan to increase their headcounts. This is hopefully the start of an anticipated revival in this sector. “Despite increasing by 23% from December 10 to January 11, the number of new professional job seekers fell by 48% year-on-year. Mobility in the market has fallen as more professionals prioritise job security over new career opportunities and as talent flowing in from other European companies has slowed. As Ireland’s economy starts to recover, hopefully so too will its reputation as an attractive, international jobs market, in particular for a large pool of multilingual professionals.”
- ENDS - 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.
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 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. 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. www.premiergroup.ie |
