Morgan McKinley Ireland Salary Survey 2012

Morgan McKinley Ireland Salary Survey 2012

Survey finds more than half of Irish professionals have a more positive business outlook for 2012 compared to 2011

Thursday, 5th January 2011 – Morgan McKinley has today released its latest Ireland Salary Survey which offers insights into business confidence, remuneration and human resources trends for professionals working in financial services, professional services, manufacturing and IT in 2012.

Salary Survey Highlights:

o Almost half of respondents (47%) working in financial services, professional services, manufacturing and IT have a more positive business outlook for 2012 compared to 2011. A further 11% feel significantly more positive about the business climate in 2012.

o The majority (58%) expect salaries to remain the same within their businesses over the next 12 months

o Talent attraction is perceived to be the biggest human resources challenge (chosen by 23% of respondents), followed by talent retention (19%) and skills shortages (16%)

o Positively, a low percentage (4%) of HR managers and business leaders are concerned about handling redundancies this year.

The Morgan McKinley Ireland Salary Survey 2012 found that almost half (47%) of HR managers and business leaders surveyed have a more positive business outlook for 2012 compared to 2011. A further 11% feel significantly more positive about the business climate in 2012, whist 32% say their outlook has not changed from last year.

When asked about compensation trends, the majority (58%) said that they expect salaries to remain the same within their businesses over the next 12 months. However, 21% predict that salaries will increase, albeit modestly, by approximately 1-5%. Conversely, 13% feel that salaries within their businesses will decrease by 1-5% in 2012. These findings are similar to last year’s survey results, in which 64% of managers thought salaries would remain stable in 2011.

Survey participants were also asked what they thought would be the biggest human resources challenge they would have to face in 2012. The highest response was for attracting professionals (23%), followed by talent retention (19%) and skills shortages (16%). Positively, the percentage of managers concerned about handling redundancies in the coming 12 months is quite low at 4%.

Please note: a breakdown of results by sector (financial services, professional services, manufacturing and IT) is available upon request.

Karen O’Flaherty, Chief Operations Officer, Morgan McKinley Ireland commented:
“The findings of our latest Salary Survey point towards a slight lift in business confidence in Ireland, with almost half of managers claiming to have a more positive outlook for 2012 compared to 2011. Although there is still considerable uncertainty in the market and growth predictions are sombre, the major steps taken last year towards Ireland’s economic recovery have made many professionals feel that it is time to ‘move on’ and work towards a stronger and more stable 2012.

“This increased optimism does not necessarily equate to increased salaries however, with the majority of respondents expecting salaries within their businesses to remain unchanged over the next 12 months. A negligible number of managers surveyed (0.2%) expect to see salary increases of more than 10%; it is likely that any significant rises will be within fields where demand for professionals far outstrips supply, for example IT software developers, multilingual specialists or senior finance professionals.”

“Taking into account the current mood of austerity and ongoing uncertainty over the Euro currency, it may seem strange that talent attraction, talent retention and skills shortages are seen as predominant issues facing human resources managers in 2012. Employers recognise there are still shortages of skilled professionals in certain sectors, so sourcing and retaining top talent within allocated recruitment budgets is a priority, even in this challenging economic climate.”

To compile the Morgan McKinley Ireland Salary Survey 2012, Morgan McKinley conducted telephone and email surveys with 584 HR managers and business leaders working for financial services, professional services, manufacturing and IT companies across the Republic of Ireland.

Morgan McKinley Enables Job Seekers To Apply With LinkedIn

Morgan McKinley is the first Irish recruitment company that have enabled job seekers to apply to their jobs via the Apply with LinkedIn plugin from LinkedIn. After talking to recruiters in Morgan McKinley they say that it does have a drawback because they do not get the applicant’s CV but just a link to the LinkedIn profile.

But Morgan McKinley might me one something much larger here actually. The Apply with LinkedIn button solves one problem that always puzzled me. And that was the applications from the mobile devices? Ireland mobile users are predominantly iPhone 4 users. And guess what – in the iPhone you cannot apply to a job on a web site. Uploading of a CV is not supported. So with all this tremendous growth of the mobile smartphone (or not so smart!?) web traffic the only conversion one could achieve is to make job seekers email themselves with a link to the job advertised, and deal with it later on, on the PC. And that we know is pure rubbish of a process. Having a button that sends a recruiter your LinkedIn profile instantly – and all that with a single click (well two actually) sounds much better to me.

Morgan McKinley being ranked as a second highest ranking recruitment agency in Ireland by Alexa has a significant traffic on their site. We are not talking hundreds a day any more for a long time now. There is most likely still a single digit percentage of the mobile visitors, but that will grow to double digit figure in the next year as well. Without the Apply with LinkedIn button – they would not get a single interaction from all those mobile users.

Well done Morgan McKinley!

Advertised jobs numbers comparison

Here is a list of jobs advertised on the leading Irish job sites and the recruitment agency web sites.

Job Boards
Irish Jobs 12253
Recruit Ireland 3350
Monster 2969
Jobs 2800
Irish Times 1883
Employ Ireland 1339

Recruitment Agencies
CPL 1340
Brightwater 1291
Morgan McKinley 1178
Sigmar 671
Stelfox 627
Grafton 228
Manpower 183

Irish Jobs has by far the largest number of jobs. Actually they have about 10 times more jobs than the average competing Irish job site. Is there really that much jobs? Is that a real success story? When the numbers are so much off the scale, it always stinks a bit. Especially knowing that they own the Jobs.ie site that does so badly on the jobs numbers compared to the main site.

On the recruitment agency side there is a tight race at the top. CPL still has it top spot, while surprisingly a small company Brightwater is in second. They show more jobs on their site than a much larger company Morgan McKinley that is on the third spot. Are Brightwater really working as Busy Bees? Are they really filling 5 times more roles than companies like Grafton or Manpower? Again quite unlikely. Same as Irish Jobs web site above, the number are again just very off the chart.