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The latest Morgan McKinley Irish Employment Monitor registered a +5% increase in the number of professional job opportunities in May compared with the previous month. Overall job availability increased by +20% year-on-year.
“We remain cautiously optimistic in respect of the 5% increase registered in the number of professional vacancies available compared with the previous month,” said Karen O’Flaherty, Chief Operations Officer at Morgan McKinley.
“The 20% increase compared to May 2012 in the number of professional vacancies is also an encouraging sign that the jobs market continues to show steady growth from a changeable position in late 2012 and early 2013 rather than a dramatic increase in the number of vacancies.”
The number of job seekers has overall declined by -20% from a year ago to 10,135 last month. Ms O’Flaherty interprets this as a positive indicator that professional job opportunities are growing and people are securing employment. Multinational companies continue to lead hiring activity supported by exporting companies as Ireland has seen a steady increase in exports from the start of 2013, she said.
“Continued activity in inward investment saw in excess of 300 new jobs announced for ICT, engineering, sales, HR, legal and finance professionals. Within IT and technology demand remains robust for professionals with web, mobile, digital and software development experience. This trend reflects the diverse positions available across a variety of sectors for IT professionals,” she said.
The financial services area has seen an increase in the number of compliance and anti-money laundering roles at mid to senior level. Candidates with a strong operations and project management background together with regulatory knowledge also remain in high demand. Throughout May, demand for risk professionals for both insurance and banking sectors has been on the rise.