A decrease of 8.5% in the number of new professional job opportunities available in November compared to the previous month has been noted in the Morgan McKinley Employment Monitor, which 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.
Overall, the availability of professional jobs increased by 7% in November 2018 compared to the same month a year ago.
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.
‘THE WAR FOR SKILLS’
“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,” commented Morgan McKinley Ireland, Global FDI Director, Trayc Keevans.
“The pace and level of growth is however creating challenges in a global market that is extremely tight. While we are still attracting a lot of European talent into Ireland, we are now facing 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. There needs to be continued focus on the government to reduce these delays. Similarly 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.”
“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.”