Morgan McKinley Irish Employment Monitor October 2013
• The Morgan McKinley Irish Employment Monitor recorded a month-on-month increase of 18% in job availability in October 2013.
• This was an increase of 11% in the number of new professional job vacancies available in October 2013 compared to the same month last year.
• The number of professionals looking for new job opportunities decreased slightly (3%) from September 2013 to October 2013.
• Compared to the same time last year, there was a 9% decrease in the number of professionals seeking new jobs.
The October 2013 Morgan McKinley Irish Employment Monitor registered an 18% increase in the number of professional job opportunities in October 2013 (9,684) compared with September 2013 (8,184). From October 2012 (8,686) to October 2013, job availability increased by 11%.
The number of professionals seeking new job opportunities decreased slightly by 3% from 9,670 in September 2013 to 9,355 in October 2013. Year-on-year basis the number of job seekers has declined by 9% from 10,295 in October 2012 to 9,355 October 2013.
Karen O’Flaherty, chief operations officer at Morgan McKinley commented, “Although September was slower than expected in terms of recruitment activity, the 18% month on month increase in job vacancies for October, (the largest increase we have recorded since January 2013), is evidence that the market ramped up towards the end of September and into October.
“There are positive indicators that the Irish economy is showing signs of recovery:
• Sectors including construction, retail and property, where hiring was the most severely challenged since the start of the economic downturn are now re-hiring.
• Indigenous and SME sectors are now looking to hire again as restructuring processes have been completed and business confidence returns.
• There is evidence of increased investment by many companies sourcing senior individuals and teams. This is a positive indicator for future hiring cycles as they expand their teams.
“In comparison to the first half of the year, where there was an emphasis on procurement, the supply chain sector is now recording a significant change in the type of roles coming to the market. There is increased demand for individuals with logistics, inventory and demand planning experience and experience of working with global contract manufacturers is in great demand.
“The financial services industry is continuing to seek professionals with skills in asset management, corporate recovery and internal audit across all industries. Fund administrators and fund managers are in high demand in both the permanent and temporary markets as the seasonal calendar year comes to a close.
“There’s no doubt that Ireland is experiencing ongoing change in terms of the business climate and economic trends. New job skills and titles, particularly at the senior and director level are evidenced in areas such as project change, transformation and sustainability.
“The recent Dublin Web Summit is a good example of the improving economic market demonstrating the opportunity that change creates, including the announcement of over 300 roles across sectors including software development, online security, Internet and digital media.
“This is an encouraging indicator for anticipated recruitment activity in the coming months.”