The latest January 2018 Morgan McKinley Ireland Employment Monitor has been released today and shows that the number of professional job vacancies was up by 45% nationally in January 2018 compared to December 2017. There was also a 33% increase in the number of professionals actively seeking jobs last month, indicating positive sentiment in the market.
The data shows that compared to the same time a year ago (January 2017), the volume of professional job vacancies coming onto the market was down by 10% and the number of professionals seeking jobs reduced by 4%.
There has been considerable growth in overall employment in the economy and that growth is continuing, albeit at a slightly lower volume compared to the same period a year ago. Morgan McKinley say this is to be expected given positive economic conditions and the overall low rates of unemployment.
There is strong demand for Data Protection Officers (DPOs), data controllers, compliance specialists and data analysts as companies increase their readiness for GDPR regulations coming into force. This is expected to increase as demand for privacy and data specialist talent continues to grow ahead of the May deadline.
Speaking this week, Director of Inward Investment at Morgan McKinley Ireland, Trayc Keevans said, "Ireland has a vibrant employment climate including indigenous talent, a multinational and multilingual community and close connections with Europe. This continues to attract inbound talent as well as globally recognised companies. Two major multinational companies recently announced plans to create global hubs for software engineering, architecture and development underlining Ireland’s success in attracting cutting-edge FDI investment."
She added, "Ireland’s indigenous industries are also holding their own. In the past, particularly in the IT sector, it was difficult for Irish SMEs to compete for talent with larger multinational companies who could offer better salaries, conditions and access to state of the art technology. But now we’re seeing the playing field shift slightly. Irish companies are beginning to win talent because they are ambitious, they make decisions quickly and technical innovation lies at the heart of everything they do."