The latest Morgan McKinley Employment Monitor has been released today. The monitor measures the pulse of the Irish professional jobs market by tracking the number of new job vacancies and new candidates within the Republic of Ireland each month.
The monitor registered a significant increase of 8.6% in the number of new professional job opportunities available in October compared to the previous month. Overall, the availability of professional jobs increased by 11% in October 2018 compared to the same month a year ago.
The number of professionals seeking employment is the highest that it has been all year. Morgan McKinley say a lot of that is Brexit related where Ireland continue to see a big inflow of talent not just from the UK but from right across Europe where professionals are choosing Ireland for onward career opportunities.
While Dublin is a focus of this interest, there is also growing interest from this migrant talent in locating directly to the regions. In October, 76% of the jobs announced through IDA Ireland were for the regions with Carlow, Cork, Limerick, Galway, Roscommon, Sligo and Waterford well represented. Financial Services, Life Sciences and Technology continue to be at the forefront of these announcements. Technology recruitment has become increasingly diverse this month including skills acquisition in the fields of Cloud Computing, the Internet of Things (IoT), eCommerce and Fintech.
The top three career areas recruiting professionals in Ireland in October were Financial Services (34%), Software as a Service (13%) (SaaS – a specialist area within technology) and Pharma (12%). In financial services, the monitor showed a significant requirement for more complex senior functions in areas including asset management, compliance, financial control, risk management and, for example, controlled functions or roles in entities regulated by the Central Bank of Ireland where there is a considerable level of applicant and approval activity.
Commenting on the monitor, Global FDI Director at Morgan McKinley Ireland, Trayc Keevans said, "The number of jobs coming available has risen for three successive months in a row and is at its highest level since July. While it is not unusual to see a ramp-up of recruitment activity towards Christmas, this is currently at a noticeably higher level than last year. Companies are deploying the full extent of their recruitment budgets before year-end, and are also seeking to have people on board and adding value to their organisations in time for the new year."