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MORGAN McKINLEY IRISH EMPLOYMENT MONITOR MAY 2013

MORGAN McKINLEY IRISH EMPLOYMENT MONITOR MAY 2013

“Monitoring the pulse of the Irish professional jobs market”

Professional job opportunities increase by 5% in May 2013 compared to last month

Highlights

The Morgan McKinley Irish Employment Monitor recorded a month-on-month 5% increase in job availability in May 2013.

This was an increase of 20% in the number of new professional job vacancies available in May 2013 compared to the same month last year.

The number of professionals looking for new job opportunities increased slightly (2%) from April 2013 to May 2013.

Compared to the same time last year, there was a 20% decrease in the number of professionals seeking new jobs.

The May 2013 Morgan McKinley Irish Employment Monitor registered a 5% increase in the number of professional job opportunities in May 2013 (9,434) compared with April 2013 (9,034). From May 2012 (7,890) to May 2013 (9,434) job availability increased by 20%.

The number of professionals seeking new job opportunities increased slightly by 2% from 9,980 in April 2013 to 10,135 in May 2013. This upward trend has built slowly from January when 9,735 job seekers were recorded. However, compared on a yearly basis the number of job seekers has overall declined by 20% from May 2012 (12,645) to May 2013 (10,135).

Karen O’Flaherty, Chief Operations Officer, Morgan McKinley commented: “We remain cautiously optimistic in respect of the 5% increase registered in the number of professional vacancies available compared with the previous month. Though modest, this increase represents the second consecutive month in 2013 of positive jobs growth. The 20% increase compared to May 2012 in the number of professional vacancies is also an encouraging sign that the jobs market continues to show steady growth from a changeable position in late 2012 and early 2013 rather than a dramatic increase in the number of vacancies.

“The 20% drop in job seekers available in the market between May 2012 and May 2013 is seen as a positive indicator that professional job opportunities are growing and that people are securing employment.

“Multinational companies continue to lead hiring activity supported by exporting companies as Ireland has seen a steady increase in exports from the start of 2013.

“Continued activity in inward investment saw in excess of 300 new jobs announced for ICT, engineering, sales, HR, legal and finance professionals. Ireland’s latest ranking as best place to invest in Western Europe (Site Selection & lsquo;Best to Invest’ Annual) has seen IDA Ireland attract a number of companies operating in the online publishing, web and email security, and mobile software space including the establishment of a number of EMEA headquarters. 

“Within IT and technology demand remains robust for professionals with web, mobile, digital and software development experience. This trend reflects the diverse positions available across a variety of sectors for IT professionals.

“In the financial services area we have seen an increase in the number of compliance and anti-money laundering roles at mid to senior level. Candidates with a strong operations and project management background together with regulatory knowledge also remain in high demand. Throughout May 2013 we noted an increased demand for risk professionals for both insurance and banking sectors.

“Many business operations continue to recruit candidates with multi-lingual skills and we have seen the emergence of inside sales roles coupled with challenging language requirements such as Swedish, Catalan and Dutch. Equally those with multiple languages who also have strong IT, order management or supply chain experience are in high demand.”

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