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Ireland – Number of professional jobs on offer rise in the last year

14 August 2014

The number of professional jobs on offer has substantially increased in the last year, with jobseekers in some areas now able to pick between multiple offers according to the Morgan McKinley Irish Employment Monitor for July 2014.

The Monitor recorded a +21% increase in the number of vacancies in July 2014 compared to the same month last year with the number of posted jobs rising from 7,681 to 9,277. The figure fell -3% from June 2014 although Morgan McKinley attribute the decrease to seasonal fluctuations that are common in summer months.

Morgan McKinley Ireland chief operations officer, Karen O’Flaherty stated that jobseekers in areas such as pharmaceutical and financial services now had a range of options as companies continue to add to their workforce. “Many job seekers in sectors such as financial services and pharma are in the enviable position of being able to attract several offers, and those in accounting and finance are seeing an improvement in the packages on offer as opposed to just six months ago,” she said.

 “The pick-up in activity in the property sector is resulting in an increase in demand for financial services positions and back office support. This goes to show that any upturn in an industry as large as construction inevitably leads to the creation of professional, managerial and administrative roles in all geographical regions.

According to Ms O’Flaherty, some sectors are also experiencing severe staff shortages.

“Interestingly, we are seeing a severe shortage of available talent in certain areas of financial services such as regulatory affairs and compliance. These ‘niche positions’ will become more important in the coming years but our analysis shows that the lack of supply of suitable professionals will continue for some time. As a result, companies will need to put in place internal upskilling programmes to meet their firms’ needs. To ignore this will result in adverse effects for companies growth and survival prospects.

“In the tech space candidates are in such high demand that any candidate seeking to move job is receiving multiple offers from other companies or being counter offered.

“Finally, the competitive jobs market has led many employers to become more conscious of the entire salary and benefits packages on offer rather than focusing solely on pay when it comes to attracting top talent.”

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