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“Monitoring the pulse of the Irish professional jobs market”

Professional job opportunities rise in January 12, but outlook remains cautious


The Morgan McKinley Irish Employment Monitor recorded a month-on-month increase of 39% in the number of new professional jobs available in January 12

There was also a marked increase (28%) in the number of professional job opportunities when compared to the same time last year

There was a significant increase in professionals looking for new roles, with the number rising by 70% compared to January 11.

8th February 2012 - The first Morgan McKinley Irish Employment Monitor for 2012 registered an increase of 39% in the number of new professional job opportunities from December 11 (6,720) to January 12 (9,312). This was also notably higher (28%) than the number of professional roles available in January 11 (7,250).

With regard to new professional job seekers in the Irish market, there was a significant rise from 5,620 in December 11 to 11,225 in January 12. This was also a substantial increase (70%) when compared to the same month last year, when 6,595 people were seeking new professional career opportunities.

Karen O’Flaherty, Chief Operations Officer, Morgan McKinley commented:

“The 39% increase in the number of newly registered jobs and the rise in professionals entering the jobs market in January 12 are indicative of seasonal recruitment trends. Job seekers are more likely to be active and curious about potential opportunities at the start of the year. Also many employers now have New Year budgets confirmed or committed projects to complete, enabling them to release new job roles to the hiring market. Typically, at the beginning of the year, the speed of hiring increases and jobseekers tend to be more buoyed by potential career moves or internal restructuring opportunities.

The fact that January 12 registered the highest number of professional job opportunities since September 08 is very positive. However, the mood from employers, specifically indigenous Irish companies, SMEs and the financial services sector remains cautious, with multinationals and the export-led sectors the most active and optimistic for the year ahead.

With ongoing uncertainty in the economy, most professional employers’ visibility of the permanent jobs market continues to be reflected in short term commitment to hiring plans and budget sign-off. This is reflected in our most recent Hiring Intentions survey which found that 12% are still unsure of their hiring strategies for the year.

However this has increased the opportunity for professionals in temporary assignments. There is ongoing demand for skills in projects. Most notably in niche areas such as restructuring, credit and change management, the temporary jobs market is likely to be a growth area for the year ahead.

Overall, at this early stage in the year, it is difficult to make predictions.  Hiring activity for January 12 is mainly impacted by the & lsquo;New Year’ effect and it is likely to be the end of February 12 before we will have a clearer sense of companies’ hiring budgets and plans for the remainder of H1.”


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