What’s in demand among employers as job opportunities soar
PROFESSIONAL jobs opportunities have soared 40pc compared to the same period last year amid strong demand for cyber security experts, banking skills and German speakers.
The latest Morgan McKinley Monthly Employment Monitor published today also shows that the number of professionals seeking new roles fell 12pc in May compared to May 2014, making life more difficult for employers.
With skips on many residential street in Dublin, it is perhaps not surprising that the construction and building services sector recorded the highest number of jobs in May since early 2015 with strong demand for engineers, project managers and service engineers.
Cyber security roles in the IT sector have grown monthon-month in 2015 as security concerns are increasingly recognised as posing a global threat to business.
The SME sector also continues to recover with increased hiring activity, but it remains a challenging environment as they compete with multinationals for talent.
Morgan McKinley says many of the jobs created in 2015 are new roles and do not include legacy skill sets, adding to the recruitment challenge.
In banking and financial services, the monitor recorded an increase in roles within lending, credit risk and underwriting indicating higher volumes of commercial and corporate lending activity and related risk management requirements.
The survey adds that there has been a “noticeable” rise in the demand for corporate tax accountants within multinationals and Irish plcs, driven by international tax compliance requirements and increased M&A and restructuring activity
Multilingual professionals also remain in high demand, with German again the most sought-after language.
“May has been a very active month in terms of hiring activity,” said Bryan Hyland who heads Morgan McKinley’s Irish operations. “The CSO’s recently released figures which indicate unemployment dipped below 10pc in the first three months of the year, would be reflected in our own data when comparing levels of activity this month versus last.”
The surge in jobs is good news for HR experts, Morgan McKinley said.
Among those benefiting is internet recruitment company Indeed.com which said yesterday that it is hiring 30 people in Dublin to cope with a surge in demand from SMEs.
Indeed added that more than
half of people looking for jobs on its website are now using mobile devices, said Irish boss Gerard Murnaghan. “One of the biggest job growth category both in Ireland and across our European business has been from small and medium-sized businesses,” he added.
Job posting on Indeed’s Irish portal have also increased 9pc in the past 12 months, he added.
Software jobs account for over half of the most in-demand roles according to an Indeed review of jobs paying more than €43,000, it added.