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Fewer jobs available in November compared to same month last year

Written by Robert McHugh, on 7th Dec 2016. Posted in General

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There was a 3% increase in the number of professional jobs available in November 2016 when compared to October 2016 according to the Morgan McKinley Monthly Employment Monitor.
 
The Morgan McKinley Irish Employment Monitor (previously known as the Premier Group Irish Employment 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.
 
It shows that the availability of professional jobs fell nationally by 12% in November 2016 compared to the same month last year. There were 9% fewer professionals seeking jobs compared to the previous month, though 6% more than the same month last year. 

In legal, accounting and professional services, the Monitor recorded a ramping up of activity as companies prepare to work with organisations who may be facing regulatory and legal change post Brexit.

In IT, .net and Java developers were in high demand, along with Data Scientists and Data Analysts.

Within Accounting & Finance, the Big 4 and Top Ten companies are competing for a limited talent pool up to and including Director level which is impacting salary and benefits packages. Salary increases of 10% + are becoming the norm for those companies seeking to retain talent. The Pharma, Tech and Aircraft Leasing sectors are also driving demand for finance professionals.
 
Morgan McKinley Ireland, Director of Inward Investment, Trayc Keevans commented, "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."

He added, "This cautious approach to resource planning has dominated the second half of 2016. Brexit, as predicted, is already influencing hiring forecasts and the skills sets required by employers."
 
Source: www.businessworld.ie

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