2014 Sees Greatest Increase In Year On Year Job Creation Since 2008 In Ireland


Good news for Ireland today as Morgan McKinley announced that 2014 saw the best year-on-year increase in employment in Ireland since 2008. The Irish jobs market is showing positive signs of recovery if this month's Irish Employment Monitor is anything to go by. There has been a 49% increase in the number of professional jobs available December 2014 compared to December 2013, and 2014 saw the greatest increase in year on year job creation since 2008.

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Chart 1: Professional jobs
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Chart 2: Professional job seekers

Another shift noted is an increase in Irish people returning from abroad looking for work- primarily due to family considerations. Many of these people returning were also willing to take a pay cut. The SME's actively recruited throughout 2014 and were competing with multinationals for talent. Their December 2014 stats highlight that the last month of the year is quite assumably quiet to hiring and availability. Another interesting insight from the Morgan McKinley Employment Monitor was that the market indicates that employers are more likely to be in a position to pay end-year bonuses, which by and large means that employees won't be seeking new positions.

Sectors performing well included: life sciences and pharma, banking and financial services, aviation leasing, SMEs. There's also a strong demand for multilingual skills, in particular Nordic, German, Dutch, Russian, Arabic and Hebrew. All this reflects the growing presence of EMEA organisations who are based in Ireland. "We anticipate renewed confidence and activity in hiring from existing and new employers in 2015," said Morgan McKinley Ireland Chief Operations Officer, Karen O'Flaherty. Something to smile about today folks.

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