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The November 2013 Morgan McKinley Irish Employment Monitor registered a +6% increase in the number of new professional job opportunities compared with the same month last year. The number of jobs available fell, month-on-month, by -10% compared with October.
In terms of professional job seekers entering the market there was a fall of -25% compared with November 2012, and a -22% drop compared with October 2013.
Karen O’Flaherty, Chief Operations Officer at Morgan McKinley, commented: “It is typical to see a slowdown in recruitment activity in November and December as we approach the festive season. Hiring managers are citing budget restrictions as one reason for not increasing permanent headcount as we near year-end. However, temporary hiring has increased in niche areas; such as accounts payable, payroll, part-qualified and qualified accountants.”
“While a major recruitment trend throughout recent years has been in the temporary market, there is a definite shift, albeit slight, towards companies offering permanent contracts. Senior professionals are in demand in a number of key areas including HR, Office Support, and Marketing. Furthermore, some of these job titles with specific skills sets, including language requirements, are commanding a +10% to +15% increase in salaries being offered, a trend not seen for a number of years. This trend is concentrated, primarily, in Dublin.”
“Conversely, there are spikes of activity in regions outside of Dublin, for example the Bioscience sector is seeking R&D professionals with a specific research focus coupled with industry experience. Many of these roles coming to the market are a result of new start-ups being established in regional areas.”
“Anecdotally, more employers are enquiring about benchmarking salaries and bonuses than in previous years, a positive sign that hiring managers are willing to negotiate and meet higher remuneration and bonus package expectations to secure or retain the right talent. Our salary survey, which will be released in January 2014, provides a comprehensive overview of salaries and remuneration benefits on offer across our core disciplines for the sectors in which we operate,” Ms O’Flaherty concluded.