The Irish jobs market has remained resilient despite recent layoffs in the technology sector, according to the latest Morgan McKinley Ireland Quarterly Employment Monitor.
It shows there was a slight increase in professional job vacancies in Ireland in the first quarter of 2023 compared to the previous quarter.
The number of jobs on offer has almost doubled since December 2022, recovering from the cyclical decrease that the market experiences at the end of every year.
Compared to the same quarter in the previous year, the number of professional jobs coming to the market decreased marginally.
The Employment Monitor also recorded an overall increase of 13% in the number of professionals actively seeking new job opportunities between the fourth quarter of 2022 and the first quarter of this year.
There were 38% more professionals actively seeking new opportunities than there was a year previously in the first quarter of 2022.
Morgan McKinley Ireland said that the high number of professionals currently seeking employment can be attributed to a delay in those who received redundancy payments last year returning to the job market.
The report found that when it comes to salaries, employers are less flexible than before to go above the market rate and are now putting more of a focus on retaining good talent, rather than attracting new candidates.
“Although the number of professional job vacancies has remained relatively stable, we have seen an increase in demand for certain skills, particularly in engineering, life sciences and construction sectors,” said Trayc Keevans, Global FDI Director, Morgan McKinley Ireland.
“Despite the cautionary approach to hiring in the technology sector, the number of jobs coming to market has grown. The biggest area of hiring has been in cyber security,” Ms Keevans said.
Article Source: Irish jobs market stable despite tech layoffs – Morgan McKinley