Highlights
- The Morgan McKinley Irish Employment Monitor recorded a month-on-month decrease of 10% in the number of professional jobs available in November 2013.
- There was a 6% increase in the number of professional job opportunities when compared to the same month last year.
- November 2013 saw a 22% decrease in the number of professionals entering the employment market compared with October 2013.
- Compared to the same time last year this is a 25% decrease in the number of new professional job seekers on the market.
The November 2013 Morgan McKinley Irish Employment Monitor registered a 10% decrease in the number of new professional job opportunities from October 2013 (9,684) to November 2013 (8,704). The number of jobs available compared to the same month last year (8,187) increased by 6%.
In terms of professional job seekers entering the market, there was a month-on-month decrease of 22% from 9,355 in October 2013 to 7,320 in November 2013. There was also a fall of 25% recorded in the number of professionals seeking new career opportunities compared to the same month last year (9,750).
Karen O’Flaherty, Chief Operations Officer, Morgan McKinley commented:
“It is typical to see a slowdown in recruitment activity in November and December as we approach the festive season. Hiring managers are citing budget restrictions as one reason for not increasing permanent headcount as we near year end. However, temporary hiring has increased in niche areas such as accounts payable, payroll, part qualified and qualified accountants.
“While a major recruitment trend throughout recent years has been in the temporary market, there is a definite shift (albeit slight) towards companies offering permanent contracts. Senior professionals are in demand in a number of key areas including HR, Office Support and Marketing. Furthermore, some of these job titles with specific skills sets, including language requirements, are commanding a 10% to 15% increase in salaries being offered, a trend not seen for a number of years. This trend is concentrated, primarily, in Dublin.
“Conversely, there are spikes of activity in regions outside of Dublin, for example the Bioscience sector is seeking R&D professionals with a specific research focus coupled with industry experience. Many of these roles coming to the market are a result of new start-ups being established in regional areas.
“Anecdotally, more employers are enquiring about benchmarking salaries and bonuses than in previous years, a positive sign that hiring managers are willing to negotiate and meet higher remuneration and bonus package expectations to secure or retain the right talent. Our salary survey, which will be released in January 2014, provides a comprehensive overview of salaries and remuneration benefits on offer across our core disciplines for the sectors in which we operate.
“2013 has been a landmark year for Morgan McKinley as we celebrate 25 years in business in Ireland and we are optimistic 2014 will be the turning point in Ireland’s economic recovery.”
View previous versions of the Morgan McKinley Irish Employment Monitor.
Chart 1: Professional jobs
Chart 2: Professional job seekers
