Professional vacancies in Ireland fall as Brexit uncertainty sets in

IT and 'big data' have the most open positions

The Morgan McKinley Monthly Employment Monitor shows that professional job opportunities rose by 2% in July - but the number of vacancies are down by 8% on the previous year. It notes that Brexit is "starting to influence demand for skills."

However, it also notes that 19% fewer professionals were looking for roles in July when compared with the same period 12 months ago.

The pharma, medical devices and IT sectors were the strongest performing industries for job creation.

While tech and 'big data' have the highest number of vacancies.

The monitor found that there were a total of 11,909 vacant professional roles in Ireland during the month.

Morgan McKinley Ireland, Chief Operations Officer, Karen O’Flaherty commented on the report:

"Job growth was relatively steady in July. Fewer candidates were actively seeking new roles, which is primarily due to seasonal factors. Pharma, Medical Devices and IT were again the most buoyant sectors, followed by Financial Services."

She added that firms are finding it hard to attract the right candidates to fill roles:

"Concerns remain about the availability of talent, particularly in the IT and multilingual sectors. Technology is crossing over every sector and developing hybrid skill sets is more necessary than ever. The notion of up skilling is not new but the speed and pace of change, driven by technology, means almost all jobs require additional learning to stay relevant. A national skills transfer programme should be prioritised to ensure we have a flexible and resilient workforce."

Ms O'Flaherty also said that it is too early to predict the full impact of the Brexit vote:

"We have yet to see any dramatic change in hiring post Brexit. The outcome of the UK referendum is however likely to require a recalibration of hiring forecasts and skillsets for certain employers depending on their sector, size and specialisation.

"Within Funds the volatility that characterised the sector earlier in the year has subsided with an increase in middle and back office functions on offer in Dublin post Brexit."