Further evidence of robust recovery in the professional jobs and contracts market has emerged with the latest Morgan McKinley Ireland Monitor: the number of professional roles available in the Emerald Isle last month was 33% higher than in November last year.
Most of this increase (24%) took place over the last six months; however, skills shortages, as reflected in falling candidate availability, are also worsening. In November 2013 the professional candidate pool stood at 7,320, but by November this year it had fallen to 6,755 – a contraction of 8%. The fall in candidate numbers was even more marked between October and November, tumbling by 13% from 7,795.
While the availability of permanent roles has increased significantly, there is unlikely to be any shortage of contracting assignments for Umbrella Company employees and other contractors. In the absence of available permanent applicants, employees are more likely to turn to flexible professionals for time-limited periods to complete vital projects.
Morgan McKinley’s Ireland chief operations officer, Karen O’Flaherty, noted a dramatic swell of new accounting & finance roles across the utilities and energy sectors, which are undergoing radical change with innovative new products such as new heating controls and smart meters. Demand for energy traders, quantitative analysts and risk managers was surging as a result.
Ms O’Flaherty added: “Interestingly, smaller tech firms are competing with larger, more well-known companies for the same talent and are exploring innovative recruitment strategies in order to assist them. These new organisations are offering unique services not seen in larger firms with regard to relocation benefits and assistance in dealing with visa requirements.”