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Professional job vacancies increase 11% with ‘positive indicators for 2013’

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By Vincent Ryan

Friday, December 14, 2012

The number of professional job vacancies has risen by 11% over the course of the last year, according to the Morgan McKinley Irish Employment Monitor.

There were 7,345 professional jobs available in Nov 2011, which has risen to 8,187 for Nov 2012.

The main areas that were hiring were the audit, restructuring, supply chain, procurement and science roles such as quality assurance and laboratory analysts. Other sectors showing growth include talent acquisition and positions in digital marketing.

While the number of jobs available has been increasing, the number of professionals entering the jobs market in the same period was down 10%.

Despite the good news on the year-on-year basis, the employment monitor recorded a fall in jobs available in a month-to-month basis. There were 500 less jobs in November than in October.

Chief operations officer with Morgan McKinley, Karen O’Flaherty, said the pattern emerging in the jobs market was similar to previous years as the jobs market slows as businesses prepare for the budget.

"It is highly likely that some businesses would have held off on progressing with hiring decisions until the details of the budget were unveiled.

"Fortunately, the announcement of €175m in funding to boost indigenous jobs in the life sciences, ICT, and clean tech sectors, as well as the implications for SMEs of the Government’s 10-point tax plan, are positive indicators for hiring in 2013," she said.

"Anecdotal evidence suggests the cost of retaining niche, skilled professionals is set to increase. As inward investment continues to generate opportunities, companies are recognising the need to ensure that their employer proposition is attractive and correctly aligned to the specific talent they are trying to acquire," she said.