The Irish job market has remained resilient despite recent layoffs in the tech sector according to the latest Morgan McKinley Ireland Quarterly Employment Monitor report.
It shows that 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 nearly doubled since December 2024, recovering from the cyclical downturn the market experiences at the end of each year.
Compared to the same quarter of the previous year, the number of professional jobs coming into the market decreased slightly.
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 2024 and the first quarter of this year.
There were 38% more professionals actively seeking new opportunities compared to the previous year in the first quarter of 2024.
Morgan McKinley Ireland said the large number of professionals currently seeking work could be attributed to the delay in returning to the job market those who received excess payments last year.
The report found that when it comes to salaries, employers are less flexible than before in outperforming the market and are now more focused on retaining quality talent, rather than attracting new candidates.
“Although the number of professional job vacancies has remained relatively stable, we have seen demand for certain skills increase, particularly in the engineering, life sciences and construction sectors,” said Trayc Keevans, Director, Global FDI, Morgan McKinley Ireland.
“Despite the cautionary approach to hiring in the technology sector, the number of jobs coming to market has grown. The largest area of employment has been cybersecurity,” said Ms. Kevans.