Irish Employment Monitor - March 2011
March 11 sees highest volume of new professional job opportunities since October 08 Highlights
March 11 saw 22% more professionals beginning their job searches, with the month-on-month figure rising from 6,380 to 7,755. Compared to March 10, when 11,790 professionals entered the jobs market, this was a 34% decrease. Karen O'Flaherty, Chief Operations Officer, Premier Group Ireland commented: "Despite the backdrop of the IMF’s reduced growth forecast for Ireland, anecdotal evidence from employers, in both city and regional centres, suggests that the mood in the professional sector heading into Q2 is more optimistic than the same time last year. The market for technical roles is particularly buoyant, for example, demand for professionals from pharmaceutical and medical device multinational corporations considerably outstrips supply in the Cork region. Further growth is forecast for technical positions in Q2, with export-led manufacturing companies expected to provide the highest number of job opportunities. "IT professionals are still highly sought after across the board, as are those with multilingual skills to support growth in multinationals. March 11 saw an increased number of roles for internal recruiters and senior HR professionals, an indicator that a number of businesses are increasing their focus on attracting and retaining key talent. The financial services sector had a relatively modest month, as several companies were hesitant to progress hiring plans until the results of the banks’ stress tests were released. Furthermore, pockets of the financial services sector, for example retail banking, are still dealing with serious economic challenges. "There was a 22% month-on-month increase in the number of new job professional seekers in March 11, suggesting that many professionals are feeling more confident about exploring career moves. In some fields, salary increases are a motivator, particularly for those who have had their pay frozen for the past two to three years. As the jobs market continues to improve, professionals will be in a position to make more strategic and discerning career decisions. "Overall, the end of the fiscal year is in some ways a turning point for the business community. Following the formalisation of the new Government and the release of the stress tests, there is a feeling that decisions have been taken and it is time to move forward. This more stable environment should lead to restructuring and development of new business areas in the next quarter, leading to increased movement in the professional jobs market.”
- 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. 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. 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 recruit |
