Morgan McKinley have released their latest Employment Monitor this month. The 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 monitor registered a decrease of 8.5% in the number of new professional job opportunities available in November compared to the previous month. Overall, the availability of professional jobs increased by 7% in November 2018 compared to the same month a year ago. Morgan McKinley say this is in line with seasonal trends in a generally buoyant professional employment market.
There was also a decrease of 27% in the number of professionals seeking new roles in November compared to the previous month. Overall, the monitor recorded a decrease of 25% in the number of professionals actively seeking new job opportunities in November 2018, compared to November 2017.
While Ireland is still attracting a lot of European talent, Morgan McKinley warns that the country now faces more competition than before from other European employers who are actively looking to secure European native talent based here back to their countries of origin. Furthermore, employers are continuing to find it difficult to navigate the still lengthy processing times for employment permits and waiting times to secure Residence Permits.
Morgan McKinley warns that there needs to be continued focus on the government to reduce these delays. Similarly, they have warned that employers here need to be open to considering talent beyond Europe as well as offering both financial and relocation support in order to effectively attract talent here.
Speaking this week, Global FDI Director at Morgan McKinley Ireland, Trayc Keevans said, “Overall 2018 has been an exceptional year for jobs growth, with a steady flow of professional opportunities across the country and across the year to date. There were a number of significant job announcements in November and, much like previous months, the bulk of these announcements were focused in areas outside of the main city locations. Encouragingly, there were also a number of announcements from existing FDI companies looking to expand their investments here.”
She added, “As our unemployment rate continues to drop to its lowest levels in more than ten years at 5.3%, the war for skills is very real and requires a concerted effort on the part of government to ensure efficiencies that allow ease of access to skills globally for all, in addition to employers adopting broader and more global focused talent attraction strategies supported by a relocation policy that is fit for purpose in attracting key skills and talent to their organisations.”