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Irish professional job opportunities rise by 6% Says Morgan McKinley

 Irish professional job opportunities rise by 6% Says Morgan McKinley

The Morgan McKinley Irish Employment Monitor recorded that in Q4 this year overall, there were 6% more professional job opportunities that in Q4 11

•             There was also an increase of 2% in the number of new professional jobs available in December 12 compared to December 11.

•             There was a month-on-month decline of 16% in the number of professional job vacancies.

•             December 12 saw a 7% increase in the number of professionals entering the jobs market compared to the same time last year.

•             When compared to November 12, there was a 38% decrease in the number of new professional job seekers.

The latest Morgan McKinley Irish Employment Monitor registered an increase of 2% in the number of new professional job opportunities from December 11 (6,720) to December 12 (6,861). The number of jobs available compared to last month (8,187) however, decreased by 16% (6,861).

With regard to new professional job seekers entering the Irish market, there was an increase of 7% from 5,620 in December 11 to 6,000 in December 12. The number of professionals seeking new career opportunities in December 12 decreased by 38% compared to November 12 which registered 9,750.

Karen O’Flaherty, Chief Operations Officer, Morgan McKinley commented: “December was a month of two halves in the Irish professional jobs market. We saw the return of the traditional year end slow down in the number of new jobs emerging on to the market. This explains the large decrease in job availability month-on-month. However, while the new jobs figure declined there was a ramp up in hiring processes as managers focused on confirming agreed hires before the New Year.

“The modest increase in job availability compared to December last year is encouraging and compared to Q4 11, there have been a greater number of jobs available throughout Q4 12 – also a positive future indicator. As we have seen throughout 2012 the main contributors to this figure continue to be MNCs, shared services centres and those within the ICT sector. Indigenous businesses and SMEs continue to be challenged in the current market and therefore hiring has remained hampered for many of these companies in 2012.

“From the job seekers’ perspective the decrease in December 12 is due in part to the time of year but also many professionals are forced to consider opportunities outside of Ireland subsequently diluting the potential pool of domestic talent.

“Market sentiment is positive as we progress into the New Year. Ireland has made a return to the bond market, our services sector is performing well due to a solid performance by Irish exports and the IDA has reported its highest net job creation in over a decade, so we can expect increased confidence in the hiring market in 2013. Recruitment budgets will be released and we anticipate greater visibility in forecasting headcount. Based on employer sentiment there will be more flexibility to revise and amend remuneration packages in an effort to retain talent.  Any signs of improved confidence in European economic issues should filter through to employers in Ireland so we will be watching this very carefully in the coming months.”


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