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MORGAN McKINLEY IRISH EMPLOYMENT MONITOR JUNE 2013

MORGAN McKINLEY IRISH EMPLOYMENT MONITOR JUNE 2013

“Monitoring the pulse of the Irish professional jobs market”

Professional job opportunities increase by 10% in Q2 2013 compared to Q2 2012

Highlights

&middot         The Morgan McKinley Irish Employment Monitor recorded an increase of 10% in professional job opportunities in Q2 compared with the same period last year.

&middot         Additionally year to date an increase of 5% was recorded when compared with the first six months of 2012.

&middot         From a month-on-month perspective, there was a 3% decrease in job availability from May 2013 to June 2013.

&middot         This was an increase of 10% in the number of new professional job vacancies available compared to June 2012.

&middot         The number of professionals looking for new job opportunities decreased (17%) from May 2013 to June 2013.

The June 2013 Morgan McKinley Irish Employment Monitor registered a 10% increase in Q2 2013 (April-June 27,739) in the number of professional job opportunities compared with Q2 2012 (25,112). However, between May 2013 (9,434) and June 2013 (9,147), there was a decrease of 3% in the number of professional jobs available.

The number of professionals seeking new job opportunities from May 2013 (10,135) to June 2013 (8,371) decreased by 17% despite a slight gain of 2% shown in last month’s Employment Monitor. This monthly decrease is reflective in general of a downward trend for the year to date with the first six months recording a decrease of 14% compared with the same period in 2012.

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

“Professional job opportunities across all divisions have steadily increased across SME and multi-national sectors as a result of growing business confidence year on year. Due to the start of the summer season new job opportunities have unsurprisingly decreased by 3% between the months of May and June.

“The downward trend in the number of professional job seekers can be explained in a couple of ways. Both seasonal and economic factors can be attributed to the decrease. Compounded by news of a return to recession, job seekers are more cautious and considered when exploring new opportunities.

“Equally, many of the skills in demand by employers, particularly those in the multi-national sector, are seeking experienced professionals already employed and hence the pace of the market and recruitment cycle are typically slower and longer.

“Skills in demand within the senior professional market include the emergence of hybrid roles across finance, IT and marketing where strong multi-industry and sectoral experience combined with good project management, leadership and people skills are highly sought after. Trends emerging include experience in data modelling, analytics and forecasting complementing the traditional job descriptions and skills sets of the past.

“With the establishment of new employers, through inward investment and the SME sector in various locations around Ireland in recent months, various job opportunities have arisen in technology including digital marketing, enterprise solutions and specialist IT skills including UI/UX engineers. Demand remains high for skills in multi-lingual technical support, customer service personnel and experienced marketers with pan European experience.

“Hiring in web and mobile applications roles remained strong in June with demand for experienced professionals with languages including Java, PHP, Ruby on Rails and Objective-C. Also senior IT professionals with .Net, ERP and SAP skills combined with project management and business analysis skills are highly sought after.

“The hybrid trend is continuing in terms of new marketing roles coming on-stream, particularly in the area of content marketing where a mix of journalistic skills and multi-media are required. Employers are looking for marketing professionals with online experience and knowledge in developing their employer brand, service or value proposition.

“In many areas of finance and insurance and as a consequence of the changing regulatory, economic and competitive landscape risk as an area has gained significant prominence.  This has led to many organisations rethinking who is responsible for Risk and as a result to either promote from within or hire in new talent to operate as a professional and separate entity.  The CRO has increased in importance and we are seeing these individuals increasingly build relationships with other Business Unit Leaders ensuring that the organisation embraces risk across multiple disciplines.

“Though we expect demand in many of the areas to continue, we anticipate a modest pace of job hiring and professionals seeking new opportunities over the summer months.”

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