PROFESSIONAL JOB VACANCIES were up 21% this July compared to July 2013, according to the Morgan McKinley Irish Employment Monitor.
It found that there were 9,699 vacancies last month compared to 7,681 in July 2013.
Morgan McKinley said the month-on-month decrease of 3% between June and July 2014 (9,537 to 9,277) is normal for the summer months.
It also found that the number of professionals seeking jobs in July 2014 (9,500) was up 4% compared to the previous month (9,125) and up 3% compared to last July (9,240).
Findings
The report found that the property sector has rebounded strongly with knock-on positive effects for professional jobs in areas of finance and back office support.
Morgan McKinley Ireland Chief Operations Officer, Karen O’Flaherty 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.”
It also found major talent shortages in niche areas in financial services and pharma such as regulation and compliance.
O’Flaherty said, “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.
In terms of upskilling – the report found that companies need to focus on internal upskilling in order to attract talent as well as to ensure they do not lose out economically in the medium term.
O’Flaherty added that, “many employers are recognising the changes in the jobs market and are endeavouring to attract top talent with packages that focus on more than traditional pay and benefits.”
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