Professional jobs opportunities up 40% compared to May last year

The number of professional job vacancies in May 2015 was up by 40% nationally jobs increasingcompared to the same month last year according to the May 2015 Morgan McKinley Ireland Employment Monitor.

The number of professionals seeking new roles was down in the same period by 12%, and a 1% month-on-month decrease in job availability was recorded compared to April 2015. Read on for full details of our findings:

Highlights Overall

40% more professional opportunities recorded in May 2015, compared to the same month last year.

Numbers of professionals seeking new roles was down 12% compared to May 2014.

A 1% month-on-month decrease in job availability in May 2015, compared to April 2015

Construction / building services sector recorded the highest number of jobs in May since the start of 2015 with strong demand for engineers, project managers and service engineers.

Cyber security roles in the IT sector have grown month-on-month in 2015 as security concerns are increasingly recognised as posing a global threat to business.

SME sector continues to recover with increased hiring activity, but it remains a challenging environment as they compete with multinationals for talent.

Many of the jobs created in 2015 are new roles and do not include legacy skill sets, adding to the recruitment challenge.

Companies are responding by sourcing professionals from overseas and are focusing on pipelining future talent by developing stronger links with Universities and third level institutions.

Regional Insights:

Gap between flow of professional opportunities and available talent continues to widen.

In Banking and Financial services, the monitor recorded an increase in roles within lending, credit risk and underwriting indicating higher volumes of commercial and corporate lending activity and related risk management requirements.

Noticeable rise in the demand for corporate tax accountants within multinationals and Irish PLCs, driven by international tax compliance requirements and increased M&A and restructuring activity

The office support sector was active generally on a national basis, retail was the exception however with no demonstrable rise in activity in this area. There was an increase in demand from the public sector for both long and short term administrative roles in May.

Multilingual professionals remain in high demand, with German again the most sought after language.

 

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