The Irish jobs market is truly showing continuous signs of recovery into 2015, if this month's Irish Employment Monitor is anything to go by. Professional job vacancies are up 24% compared to the same month in January 2014. This is showing continues signs of growth in the Irish economy.

In addition to this there has been a drop in the number of professionals seeking positions, an 18% decrease compared to January in 2014, indicates a greater level of stability in the market. Read on for full details of our findings:

Highlights Overall

  • Professional job vacancies up 24% on January 2014 demonstrating continued growth in the economy
  • A 18% decrease in the number of professionals seeking new positions, compared to the same month last year, indicating less volumes seeking professional roles as market stabilises
  • A month-on-month increase of 31% in job availability in January 2015 compared to December 2014, reflecting an expected, but still enthusiastic start to hiring in the new year

 

Further Insights

  • Increase in corporate finance activity has led to a growing demand for specialists across M&A, Corporate Treasury and Structured Finance who are ACA, ACCA or CFA qualified. A potential skills gap emerging due to lack of activity in this area over recent years where focus has been on risk, compliance and recovery.
  • The ICT sector remains buoyant particularly in the area of business intelligence, data analysis and development. A high demand for client facing IT people indicating a renewed sales and client development focus in the sector.
  • Increased requirement for HR specialists in the areas of learning and development, employee engagement and performance management, reflecting a growing focus on retention and succession planning strategies within organisations.
  • Cautious recovery continues in the construction sector particularly within commercial and industrial expansion and development projects.

 

For further details on the results of the January 2015 Irish Employment Monitor, view the full press release here.

 

Morgan McKinley Monthly Employment Monitor Infographic is now available here.