10% growth in jobs forecast for Mayo this year
THE number of job opportunities in Mayo will grow by 10% in the coming year, according to a new forecast from FRS Recruitment, one of the country’s leading recruitment agencies.
This follows on from the 4% decrease experienced in Mayo in 2022.
Across the Republic, the largest decreases came in Kerry (down 10%), Leitrim (down 9%) and Louth (down 7%).
While 18 of the 26 counties in the Republic experienced an increase in openings in 2022, the counties to perform the strongest last year included Dublin (up 36%), Wicklow (up 34%), Clare (up 31%), Sligo (up 15%), Cork (up 15%) and Roscommon, which recorded the highest year on year increase with the number of roles more than doubling (up 101%).
Nationally the number of job postings handled by FRS Recruitment rose by 32% in 2022, reaching a total of 107,802 - up from 81,528 in 2021. Year on year the monthly increase was across 11 of the 12 months and illustrated the return of the market to post-pandemic normality, with the level of jobs aligning with 2019, the last pre-Covid year of activity.
Despite the surge in opportunities available, the number of people applying for jobs was down last year. FRS Recruitment recorded a total of 123,305 job responses in 2022 as it became a 'candidates’ market' in some sectors. This meant the average response rate per role was at 1.14, down from 1.66 in 2021.
On a sub sector level the largest increase in roles experienced in 2022 was in banking and financial services, which were up 106%. This was followed by opportunities in IT - software development (up 67%) and IT - support services (up 46%). Significant growth was also recorded in arts, entertainment and recreation (up 43%), education and training (up 31%) and professional services and practices (up 25%).
FRS Recruitment is also forecasting further growth in IT, construction and healthcare recruitment for the year ahead, describing these sectors as 'relatively inelastic'.
Speaking about the report, Lynne McCormack, general manager with FRS Recruitment, said: “We are confident that we will see growth in recruitment opportunities in Mayo for the year ahead. We experienced a challenging year in Mayo last year and our belief is that things will become more positive over the coming 12 months.
Both in Mayo and across the country we believe there will be opportunities. We are particularly confident in the outlook for the IT, healthcare and construction sectors nationally. There has been such a build-up in openings across these sectors over recent years that they have become relatively inelastic and that will continue throughout 2023.
“Not all parts of the economy will rise in 2023, but we are very optimistic about the prospects in those particular sectors.”
She continued: “Another trend we saw across the economy last year was that the level of applications did not keep up with the number of openings. With the economy reaching a 20 year low for unemployment and nearing full employment, this impacted the market.
“For some high demand sectors it became a candidates’ market. This, coupled with the rising cost of living, meant significant pressure on salaries in some high demand sectors over 2022.
“With the economy likely to be less buoyant in the next year, we expect this pressure will diminish as candidates in Mayo and nationally focus more on job security and work life balance considerations.”