Nonetheless, in the eyes of jobseekers, it remains very much an employer's market, with just one in five survey respondents enjoying an increase in core salary last year.
Dublin, Ireland (PRWEB UK) 25 July 2013
This week, Cpl Resources plc unveiled their latest Jobs Market Monitor report for Q2 2013; the most thought provoking findings of the report came from the Job Market Sentiment survey, which reveals that just 7% of respondents saw their salary increase by 5-10%. 28% of respondents in both IT and Science, Engineering & Supply Chain sectors stating they received an increase in salary in 2012 with 16% in Sales, Marketing & Retail.
The report provides a comprehensive analysis of the latest employment trends across the following sectors: IT, Science, Engineering & Supply Chain Sales, & Marketing, Retail, Accountancy, Banking & Finance. The findings also provide a revealing insight into the current growth areas of Ireland’s jobs market as well as the attitudes and behaviours of jobseekers.
Renowned Irish Economist, Ronan Lyons of Oxford University collaborated on the report with Cpl and he was keen to highlight some of its positive results. “The Cpl Jobs Market Monitor contains some promising findings in relation to four key employment sectors," he said. “There has been annual growth in the number of jobs posted for each of the last six quarters, with strong growth in the three months to June 2013. Nonetheless, in the eyes of jobseekers, it remains very much an employer's market, with just one in five survey respondents enjoying an increase in core salary last year."
18% of jobseekers within IT believe it is a Jobseeker’s market while 42% believe it is equal for both employer and jobseeker. Sentiment results were less positive with respect to the outlook of the Accountancy, Finance & Banking space. Three quarters of jobseekers surveyed reported no change in their core salary in the year to Q2 2013, with only one in seven respondents stating that they had received non-monetary benefits as compensation. Salary reductions were reported by only 4% of people.
Among the more prominent findings of the report was the increase in the number of job postings since 2011. The average level of the Jobs Index revealed that there were 18% more jobs posted in 2012 than in the previous year.
During Q2 of 2013, the annual growth in jobs posted was 33% in Accountancy, Finance & Banking and 11% in IT. There was a decline in postings in the Sales, Marketing & Retail sectors of 11%, this percentage marks the second consecutive quarter in which a fall has been recorded. The most dramatic area of jobs growth was in Science, Engineering & Supply Chain, with over double the number of jobs posted (132%) in Q2 2013 compared to the same period in 2012.
The information contained in the Jobs Monitor is supplied by two main sources; the first source is Cpl Jobs Index, which tracks the annual changes in job listings and records data retrieved from 6 industry sectors. The second data source is the Cpl job Market Sentiment Survey, which is conducted quarterly and includes information from more than 1000 jobseekers.
Cpl Group offers a flexible portfolio of recruitment, outsourcing and HR solutions to the public and private sectors.
Founded in 1989 by chief executive officer, Anne Heraty, Cpl was floated on DCM of the Irish Stock Exchange and AIM of the London Stock Exchange in 1999. Cpl has been placing ICT professionals since the company's creation in 1989. As Ireland's leading IT and Web placement agency, we have a team of highly specialised recruitment consultants from IT backgrounds and we consistently attract the best employers in the industry.
We are always seeking top programming, networking, management and senior skilled professionals from Ireland, the UK, EU and overseas. In particular, we recruit in 3 main areas - Infrastructure, Software and Professional Services.