20% jump in number of professional jobs
The number of vacancies advertised in July far exceeded the amount of positions on offer a year previous, with a more than 20% increase seen across all professional sectors.
While a month-on-month decrease of 3% was seen in July, this is to be expected in the summer months, according to Morgan McKinley chief operations officer, Karen O’Flaherty.
Ms O’Flaherty also added that jobseekers in areas such as pharmaceutical and financial services now had a range of options as companies continue to add to their workforce.
“Many job seekers in sectors such as financial services and pharma are in the enviable position of being able to attract several offers, and those in accounting and finance are seeing an improvement in the packages on offer as opposed to just six months ago,” she said.
The latest Morgan McKinley employment monitor, from which the figures are taken, also illustrates the positive knock-on effect of the improvement in the construction industry, according to Ms O’Flaherty.
The rebound in construction has seen increased demand for financial services and back-office support professionals.
The number of people seeking positions also increased in July; up 4% compared to the previous month and 3% year-on-year.
According to Ms O’Flaherty, some sectors are also experiencing severe staff shortages.
“Interestingly, we are seeing a severe shortage of available talent in certain areas of financial services, such as regulatory affairs and compliance.
“These niche positions will become more important in the coming years, but our analysis shows that the lack of supply of suitable professionals will continue for some time. As a result, companies will need to put in place internal up-skilling programmes to meet their firms’ needs.
“To ignore this will result in adverse effects for companies’ growth and survival prospects,” said Ms O’Flaherty.
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