Ireland’s hiring market ends 2009 on a positive note
Jan/100
Monitoring the pulse of the Irish professional jobs market
Highlights
- During December 09, the number of new job vacancies in Ireland increased by 3% compared to November 09
- The year-on-year monthly comparison of new jobs showed an increase of 23% – the first rise since February 08
- The number of professionals beginning a new job search in December 09 declined by 30% compared to November 09
- The year-on-year monthly comparison showed the first increase registered throughout 2009, a small but significant rise in new candidates of 0.27%
Irish professional jobs market shows monthly and yearly improvement
The Irish professional jobs market saw a second consecutive increase in new jobs compared to the previous month with a rise of 3% from 4,432 in November 09 to 4,587 in December 09. A year-on-year monthly increase was also registered for the first time since February 08; the 4,587 new jobs in December 09 showing significant improvement from the 3,743 new positions in December 08. Bucking the usual trend for a decline in job vacancies over the Christmas period, these figures indicate that businesses in Ireland are starting to show signs of renewed confidence.
Seasonal factors did appear to have an impact on the number of new professionals looking for jobs in December. Compared to November 09, there were 30% fewer individuals looking for jobs across Ireland in December 09 with a decrease from 10,830 to 7,560. Compared to December 08, there was a small increase from 7,540 to 7,560 – which also suggests a cautious return to confidence in the hiring market amongst job hunters.
Brian Murphy, Managing Director of Premier Group in Ireland comments:
“Traditionally the number of new professional jobs in the month of December is lower than other months, so we were pleased to see that the number of job vacancies in December 09 held up so well and even showed a small increase on the November figures. As the year comes to a close many employers put hiring on hold until January so the increase was a very welcome and hopefully positive sign that 2010 may herald better times for professionals seeking new opportunities in Ireland”.
“The increase from December 08 to December 09 brought to an end a sequence of 21 consecutive months of year-on-year monthly declines in new job numbers. The last increase was registered in February 2008. The December figures provide further hope that the bottom of the market has been reached and we can look forward to the new decade with significantly more confidence than that with which we entered 2009″.
“The number of professionals entering the jobs market in December 09 showed a significant decrease on the November figure. However this decrease is consistent with the pattern from previous years and is reflective of the holiday period at the end of December and the
reluctance of many professionals to become active in the market when they perceive that activity will be less robust as Christmas comes closer. We expect these figures to normalise when the January 2010 Irish Employment Monitor figures are released”.
Chart: New jobs v. new candidates
About the Premier Group Irish Employment Monitor
The Premier Group Irish Employment Monitor measures the pulse of the Irish professional jobs market by tracking the number of new jobvacancies and new candidates within the Republic of Ireland each month. The first Premier Group Irish Employment Monitor was launched in May 2009 with data from April 2008 onwards.
Statistical methodology
Monthly new jobs and new candidates
Monthly new jobs and new candidate figures are based on Premier Group’s own monthly records of new permanent job vacancies and new candidates registering with the firm for permanent employment. Statistics for the full market are derived using Premier Group’s own market share.
Job classification
Job vacancies are professional level roles within the following sectors and functions; Banking & Financial Services, Commerce & Industry Finance, Insurance, Public Practice & Tax, Legal, HR, IT, Life Sciences, Engineering, Process & Manufacturing, Professional Services, Sales & Marketing, Customer Service, Secretarial & Office Support.
Geography
The data is based on new job vacancies and new candidates registered with Premier Group’s network of Irish offices in Cork, Dublin, Kilkenny, Limerick and Waterford.
About Premier Group
Premier Group is Ireland’s leading recruitment consultancy with offices in Cork, Dublin, Kilkenny, Limerick, and Waterford. Internationally, the Group operates from 24 offices across eight countries. Subsidiary brands within Premier Group in Ireland include
Accreate Executive Search & Interim, Brunel, la crème, Premier, and Verkom. Morgan McKinley and iQ selection also form part of the Premier Group outside of Ireland.
Morgan McKinley London Employment Monitor
Premier Group currently publishes a similar monitor in London under its subsidiary brand name, Morgan McKinley. The highly regarded Morgan McKinley London Employment Monitor was launched in 2004 and reports on the new roles, candidates and salaries within the financial services jobs market in London each month. Visit www.morganmckinley.co.uk for details.
Irish Employment Monitor – August 2009
Sep/090
Irish Employment Monitor – August 2009
| PREMIER GROUP IRISH EMPLOYMENT MONITOR“Monitoring the pulse of the Irish professional jobs market”
Extremely difficult conditions continue within the Irish professional jobs market Highlights
Month-on-month improvement in job numbers but hiring volumes still record second lowest level this year During August 09, the Irish professional jobs market continued to operate at greatly suppressed levels despite the uplift in new job opportunities from the previous month. The number of new professional job vacancies in Ireland registered an increase of 5% versus July 09 however, this figure was the second lowest recorded so far this year. Additionally, the fifth Premier Group Irish Employment Monitor found that the volume of new professional job openings in Ireland was still 72% lower than it was in August 08. Ireland’s professionals are still very hesitant to voluntarily enter such a contracted jobs market. It seems that many individuals who are still in employment are choosing to remain where they are for the time being rather than begin searching for a new role. This, coupled with the summer holiday season, contributed to the 17% drop in the number of new professional candidates who entered the jobs market during August 09 versus the previous month (July 09). This figure was 45% less than the number of professionals who began their search for a new role in August 08. Brian Murphy, Managing Director of Premier Group in Ireland comments: “Despite a month-on-month increase in new professional job numbers in August 09, the hiring market was, and still is, extremely contracted, particularly when compared with a year ago. Now that the holiday season is over, we hope that there will be some improvement in the employment market in the next month. However, there is still little visibility on the short to medium-term professional jobs market in Ireland. “There are several critical legislative changes on the horizon in September and October which could significantly affect the hiring market in Ireland, for example, the Lisbon referendum and the proposed NAMA legislation. Anecdotal evidence suggests that, over the coming weeks, many employers will be anxiously awaiting the outcome of the referendum and legislation and the implications of these for the Irish employment market.” Chart: New jobs v. new candidates
Notes to editors About the Premier Group Irish Employment Monitor The Premier Group Irish Employment Monitor measures the pulse of the Irish professional jobs market by tracking the number of new job vacancies and new candidates within the Republic of Ireland each month. The first Premier Group Irish Employment Monitor was launched in May 2009 with data from April 2008 onwards. Statistical methodology Monthly new jobs and new candidates Monthly new jobs and new candidate figures are based on Premier Group own monthly records of new permanent job vacancies and new candidates registering with the firm for permanent employment. Statistics for the full market are derived using Premier Group’s own market share. Job classification Job vacancies are professional level roles within the following sectors and functions; Banking & Financial Services, Commerce & Industry finance, Insurance, Public Practice & Tax, Legal, HR, IT, Life Sciences, Engineering, Process & Manufacturing, Professional Services, Sales & Marketing, Customer Service, Secretarial & Office Support. Geography The data is based on new job vacancies and new candidates registered with Premier Group’s network of Irish offices in Cork, Dublin, Kilkenny, Limerick and Waterford. About Premier Group Premier Group is Ireland’s leading recruitment consultancy with offices in Cork, Dublin, Kilkenny, Limerick, and Waterford. Internationally, the Group operates from 24 offices across eight countries. Subsidiary brands within Premier Group in Ireland include Accreate Executive Search & Interim, Brunel, la crème, Premier, and Verkom. Morgan McKinley and iQ selection also form part of the Premier Group outside of Ireland. Morgan McKinley London Employment Monitor Premier Group currently publishes a similar monitor in London under its subsidiary brand name, Morgan McKinley. The highly regarded Morgan McKinley London Employment Monitor was launched in 2004 and reports on the new roles, candidates and salaries within the financial services jobs market in London each month. Visit www.morganmckinley.co.uk/london-employment-monitor for details. |
Has the recession affected the IT market?
Jul/090
Recession, Recession, Recession… Has the IT market Boomed, Crashed or stayed Consistent throughout the last 12 months in Ireland?
Two of the most common questions we are asked at the moment is “How do you feel the recession has affected IT? Are there more IT candidates looking for work now compared with this time last year?”
We decided to publish our statistics based on the Verkom website and the volume of candidates who have sent in their CVs to us from July 2008 to July 2009. This may help answer some of the common questions being asked. 
Firstly, you will be interested to know that within the last 12 months there has been a consistent amount of applications coming through our Verkom website. Typically during the middle of December applications slow down and early in the New Year we tend to see more applications year on year which was the same for early 2009.
What does this mean?
This means that, unlike other industries, the level of IT professionals applying for work has not dramatically increased during this downturn
However, the amount of IT jobs available has decreased between 30 – 35% compared with this time last year. We have seen that this decrease has mostly been in senior-end IT jobs like Project Management, Program Management, IT Management and senior Business Analysis. As a result, senior-end candidates have reduced their salary expectations both in the permanent and contracting market.
Other areas of IT have remained stable. The area of IT Development has remained consistent and skilled developers can command similar salaries to this time last year.
Overall, the IT market has not been hit as hard as other industries like construction and electronic manufacturing so be glad you’re working in IT! The good news is that there are still opportunities out there and companies are still hiring.
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Jul/090
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Irish Employment Monitor – June 2009
Jul/090
| PREMIER GROUP IRISH EMPLOYMENT MONITOR – JUNE 2009“Monitoring the pulse of the Irish professional jobs market” Irish professional jobs market sees decrease in new job vacancies in June 09 Highlights
Rate of decline in job volumes levels off during first half of 2009 During June 09, there were 72% fewer new Irish professional job vacancies compared with the same month the previous year (June 08) as the lack of visibility within the employment market and the economy continued to slow recruitment activity. Figures from the third Premier Group Irish Employment Monitor also showed an 11% fall in new roles versus May 09, ending three consecutive months of minor growth. However, when comparing new job figures for the first half of 2009 to the latter half of 2008, there has been a definite levelling off in the rate of decline. There was a 6% increase in the number of Irish professionals who began their search for a new role during June 09 compared with May 09, amid more redundancy announcements and a tighter jobs market. However, there were still 47% fewer new jobseekers than there were during the same month the previous year (June 08). Brian Murphy, Managing Director of Premier Group in Ireland comments: “The Irish professional jobs market deteriorated further during June 09 as many organisations continued to put their recruitment plans on hold as they try to gain more visibility on the health of the Irish economy. While it’s certainly disappointing to see three months of mild growth come to an end, the general jobs trend for the first half of 2009 is slightly more positive; the rate of decline within the professional jobs market has effectively levelled off. During the second half of last year, the Irish market experienced a huge decline in new job numbers however, during the first half of this year, despite remaining at extremely suppressed levels, they have stayed relatively steady from month to month. “At present, it’s evident that jobseekers in Ireland are facing one of the toughest periods for employment in many years. The recruitment market is so delicate that it’s impossible to make any solid forecasts other than that the next few months are unlikely to get any easier. We’re entering the typically slow summer season, which is likely to prompt more volatility to the flow of new jobs coming onto the market.” Chart: New jobs v. new candidates
About the Premier Group Irish Employment Monitor The Premier Group Irish Employment Monitor measures the pulse of the Irish professional jobs market by tracking the number of new job vacancies and new candidates within the Republic of Ireland each month. The first Premier Group Irish Employment Monitor was launched in May 2009 with data from April 2008 onwards. Statistical methodology Monthly new jobs and new candidates Job classification Geography About Premier Group Premier Group is Ireland’s leading recruitment consultancy with offices in Cork, Dublin, Kilkenny, Limerick, and Waterford. Internationally, the Group operates from 24 offices across eight countries. Subsidiary brands within Premier Group in Ireland include Accreate Executive Search & Interim, Brunel, la crème, Premier, and Verkom. Morgan McKinley and iQ selection also form part of the Premier Group outside of Ireland. Morgan McKinley London Employment Monitor Premier Group currently publishes a similar monitor in London under its subsidiary brand name, Morgan McKinley. The highly regarded Morgan McKinley London Employment Monitor was launched in 2004 and reports on the new roles, candidates and salaries within the financial services jobs market in London each month. Visit http://www.morganmckinley.co.uk/ for details |
