Monitor records growth in professional job opportunities

Monitor records growth in professional job opportunities

The Morgan McKinley Irish Employment Monitor saw a rise in the availability of professional job opportunities in November.

The monitor shows the number of professional job opportunities grew by more than 3% to stand at 11,127 when compared to October which had 10,772 opportunities.

However, the monitor records that there were 12% fewer professional jobs available when compared to November, 12,660, last year.

The number of professionals seeking new roles in November fell by 9% to 7,639 when compared to the previous month which recorded 8,358 new professional posts, while there was a 6% increase on November 2015 (7,180).

Morgan McKinley Ireland, Director of Inward Investment, Trayc Keevans said: "Hiring activity in November was somewhat flat reflecting the impact of an increasingly more complex global environment on business strategy and growth, as well as more traditional seasonal factors.

This cautious approach to resource planning has dominated the second half of 2016.

"Positively IDA led itineraries continue to be a feature of the regional jobs landscape, with a number of significant Foreign Direct Investment (FDI) jobs announcements made this month. The growth of Research and Development (R&D) activity within the engineering, pharma and technology sectors is helping to drive recruitment in these areas."

She also said that Brexit is also having an influence.

Ms Keevans said: "Legal and Professional Services firms are future proofing their recruitment strategies and hunting for employees with specific expertise in economic and regulatory change.

"More generally, fewer candidates were actively seeking new roles this month, a key indicator of the on-going challenge facing employers seeking talent in some key sectors. Within Finance and IT this is leading to salary inflation.

"Overall the professional jobs market continues to display resilience, with a steady and consistent flow of jobs coming to market across the year. Global uncertainty and concerns over the full impact of Brexit are however impacting the pace of recruitment with companies displaying a “holding” mentality when it comes to fully activating their growth plans."

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