Finance & Banking. Sales, Marketing ... Sales, Marketing & Retail; and Accountancy, Finance & Banking. In 20
CPL JOB MARKET MONITOR 2015 Q3 About the CPL Employment Market Monitor:
The CPL Jobs Index – and the annual change in jobs listings – refers to the total number of employment opportunities in the following four main sectors: IT & Telecoms; Science, Engineering & Supply Chain; Sales, Marketing & Retail; and Accountancy, Finance & Banking. In 2015 Q3, there were 2,488 jobs posted in the four sectors mentioned. The Sentiment Survey was completed in full by 493 employers in August and September 2015.
IT & Telecoms
Accountancy, Finance & Banking
Sales, Marketing & Retail
Science, Engineering & Supply Chain
All (incl. Legal and HR)
LABOUR MARKET STILL POSITIVE FOR THIRD QUARTER OF 2015
Figure 1 (below) presents the CPL Jobs Index from January 2011 to September 2015. There has been a steady increase in the number of jobs posted since 2011, the base year, and this continued into Autumn 2015, although at a slower rate than in recent quarters. The average level of the CPL Jobs Index during the second quarter of 2015 was 202, similar to three months previously and a little more than twice the number of jobs posted on average in 2011. The Science, Engineering & Supply Chain segment remains at roughly four times its 2011 level (orange line). In the other three sectors –(1) Accountancy, Finance & Banking, (2) IT, and (3) Sales, Marketing & Retail, the index reading for each was close to 150, slightly higher in the former and slightly lower in the latter.
Jobs index (2011=100)
600
500
400
300
200
2015:III
2015:II
2015:I
2014:IV
2014:III
2014:II
2014:I
2013:IV
2013:III
2013:II
2013:I
2012:IV
2012:III
2012:II
2012:I
2011:IV
2011:III
2011:II
0
2011:I
100
YEAR-ON-YEAR GROWTH IN JOBS POSTED CONTINUES TO EASE
ANNUAL GROWTH IN JOBS POSTED 50%
Employers Market -2
-1
Jobseekers Market 0
1
2
30%
20%
2015 Q3
2015 Q2
2015 Q1
2014 Q4
2014 Q3
2014 Q2
2014 Q1
2013 Q4
2013 Q3
2013 Q2
2013 Q1
2012 Q4
0%
2012 Q3
10%
2012 Q2
Of the four sectors covered, the strongest growth was in IT (14%) and in Science, Engineering & Supply Chain (13%), although for the latter sector, this is the slowest growth in over three years. In Accountancy, Finance & Banking, there was only modest growth of 3% in listings. Lastly, in the Sales & Marketing segment, there was only a small increase (1%) in the number of listings, compared to a year previously.
40%
2012 Q1
Figure 2 (opposite) outlines the annual growth in the number of jobs posted, by quarter. The period from July to September 2015 marked the fifteenth successive quarter of year-on-year growth in jobs posted, since the start of the report in 2012. However, the rate of growth in Q3 2015, at just under 10%, is the slowest growth rate recorded since 2012.
GAP PERSISTS BETWEEN JOBSEEKERS AND EMPLOYERS VIEW OF THE MARKET Figure 3 (opposite) presents a measure of labour market sentiment: surveys ask both employers and jobseekers to rate, on a five-point scale, whether the market is an employer’s one (-2) or a jobseeker’s one (+2). Results for the July-September 2015 survey of employers are compared to those from a similar survey a year previously and to those from a survey of jobseekers in the second quarter of 2015.
Other
It shows a huge gap in how jobseekers and employers assess the market. Across the market, employers believe it is very much a jobseeker’s market – and increasingly so compared to a year ago. However, jobseekers believe the opposite, reflecting a gap that has persisted since the start of the survey in 2013. Jobseekers now
Employers 1yr ago
Employers now
IT IS ALL ABOUT ATTITUDE! Our survey found that over 96% of employers would hire someone with less pertinent skills but a great attitude, it would seem that it’s your will not your skill. It does highlight how challenging a recruitment process can be if you start screening with a CV alone.
OVER 60% OF EMPLOYERS PUT CANDIDATES ILL AT EASE IN INTERVIEWS Over 60% of employers think it is beneficial to test a candidate’s reaction in an interview by asking strange or challenging questions that they wouldn’t have been able to prepare for! The candidates aren’t marked on their answer but in how they reacted to the situation and their logical thinking! Examples include asking candidates if they had a Jumbo Jet full of jelly beans how would they estimate how many red jelly beans there are?
IT’S ABOUT THE PRACTICAL NOT THE THEORETICAL
A resounding 95% of employers prefer candidates who have gained practical experiences through their 3rd level education. The age of rote learning is well and truly over. Many referenced how it is not only important that students have completed internships or other work experience, but also that they worked through group projects with their peers and presented to large audiences.
WHAT’S AN ACCEPTABLE LIE ON YOUR CV?
2 in every 3 employers say that they have spotted lies on jobseekers’ CVs, but a staggering 60% say that if they hired someone who turned out to be a high performing staff member and subsequently found out that they had lied on their CV they would keep them on!
50% OF EMPLOYERS BAN SOCIAL MEDIA IN THE WORKPLACE Over 1 in every 2 employers don’t allow access to their employees to facebook. With an increase in smart phones many employees are able to flout these rules by not doing it on the company’s network.
the best people ffor the job
For any queries please contact Peter Cosgrove, Director +353 1 614 6000
www.cpl.ie
