PREMIER GROUP IRISH EMPLOYMENT MONITOR “Monitoring the pulse of the Irish professional jobs market” Extremely difficult conditions continue within the Irish professional jobs market Highlights - During August 09, the volume of new professional job vacancies in Ireland rose by 5% but remained at the second lowest level recorded this year
- Despite this month on month increase, the number of new jobs fell 72% compared with a year ago (August 08)
- The number of Irish professionals who began their search for a new role during August 09 was down 17% versus the previous month (July 09)
- This figure decreased by 45% compared with the same month the previous year (August 08).
Month-on-month improvement in job numbers but hiring volumes still record second lowest level this year During August 09, the Irish professional jobs market continued to operate at greatly suppressed levels despite the uplift in new job opportunities from the previous month. The number of new professional job vacancies in Ireland registered an increase of 5% versus July 09 however, this figure was the second lowest recorded so far this year. Additionally, the fifth Premier Group Irish Employment Monitor found that the volume of new professional job openings in Ireland was still 72% lower than it was in August 08. Ireland’s professionals are still very hesitant to voluntarily enter such a contracted jobs market. It seems that many individuals who are still in employment are choosing to remain where they are for the time being rather than begin searching for a new role. This, coupled with the summer holiday season, contributed to the 17% drop in the number of new professional candidates who entered the jobs market during August 09 versus the previous month (July 09). This figure was 45% less than the number of professionals who began their search for a new role in August 08. Brian Murphy, Managing Director of Premier Group in Ireland comments: “Despite a month-on-month increase in new professional job numbers in August 09, the hiring market was, and still is, extremely contracted, particularly when compared with a year ago. Now that the holiday season is over, we hope that there will be some improvement in the employment market in the next month. However, there is still little visibility on the short to medium-term professional jobs market in Ireland. “There are several critical legislative changes on the horizon in September and October which could significantly affect the hiring market in Ireland, for example, the Lisbon referendum and the proposed NAMA legislation. Anecdotal evidence suggests that, over the coming weeks, many employers will be anxiously awaiting the outcome of the referendum and legislation and the implications of these for the Irish employment market.” Chart: New jobs v. new candidates
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Notes to editors Further press information: Allira Carroll
PR Manager
Premier Group
Tel: +353 212426094
Email: acarroll@premiergroup.ie About the Premier Group Irish Employment Monitor The Premier Group Irish Employment 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 first Premier Group Irish Employment Monitor was launched in May 2009 with data from April 2008 onwards. Statistical methodology Monthly new jobs and new candidates Monthly new jobs and new candidate figures are based on Premier Group own monthly records of new permanent job vacancies and new candidates registering with the firm for permanent employment. Statistics for the full market are derived using Premier Group’s own market share. Job classification Job vacancies are professional level roles within the following sectors and functions; Banking & Financial Services, Commerce & Industry finance, Insurance, Public Practice & Tax, Legal, HR, IT, Life Sciences, Engineering, Process & Manufacturing, Professional Services, Sales & Marketing, Customer Service, Secretarial & Office Support. Geography The data is based on new job vacancies and new candidates registered with Premier Group’s network of Irish offices in Cork, Dublin, Kilkenny, Limerick and Waterford. About Premier Group Premier Group is Ireland's leading recruitment consultancy with offices in Cork, Dublin, Kilkenny, Limerick, and Waterford. Internationally, the Group operates from 24 offices across eight countries. Subsidiary brands within Premier Group in Ireland include Accreate Executive Search & Interim, Brunel, la crème, Premier, and Verkom. Morgan McKinley and iQ selection also form part of the Premier Group outside of Ireland. Morgan McKinley London Employment Monitor Premier Group currently publishes a similar monitor in London under its subsidiary brand name, Morgan McKinley. The highly regarded Morgan McKinley London Employment Monitor was launched in 2004 and reports on the new roles, candidates and salaries within the financial services jobs market in London each month. Visit www.morganmckinley.co.uk/london-employment-monitor for details. |