25% rise in professional job opportunities in first quarter of 2015

The availability of professional job opportunities increased by more than a quarter in the opening three months of the year, compared with a year ago.

A number of sectors experienced particularly strong growth in the number of jobs available, including firms in the financial services sector, human resources, multilingual and engineering spheres.

The growth in opportunities is likely to lead to a supply shortage with available indigenous expertise insufficient to meet the demand, the Morgan McKinley monthly employment monitor, released yesterday, shows.

“In financial services risk advisory, treasury and business development within the retail banking sector are the most commonly sought after roles currently, reflecting the continued improvement in the financial services and banking market.

“We predict the challenge in the short and medium- term is attracting relevant talent.

“Our focus is now on attracting international based professionals either home or from other financial service hubs to Ireland,” said Morgan McKinley Ireland operations director Bryan Hyland.

Companies are increasingly focusing on career planning, training and staff retention to minimise the level of turnover of employees, he added.

Ireland’s reputation internationally in life sciences and the pharma sector has remained consistently strong and new expansionary projects within this sector are providing an active and buoyant market for engineering professionals in the first three months of the year, according to the report.

A month-on-month increase of 3% was recorded by the monitor in March.“Generally quarter one has been very positive in terms of hiring activity and is in line with recent CSO figures indicating consecutive growth over the last several quarters. The challenge ahead relates to those sectors and industries where demand is outstripping supply in the Irish market,” Mr Hyland added.

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