Data from Morgan McKinley suggests that job applicants may have tough times ahead, in a landscape that is swaying slightly in favour of the employer.
Irish professionals services company Morgan Mckinley has today (14 July) published the latest Morgan McKinley Ireland Employment Monitor, which explores Ireland’s professional jobs market.
The report found that the current employment landscape comes with some challenges for job applicants, particularly as wage pressures for employers ease and hiring continues to slow.
Job openings in Ireland fell by 7.2pc in Q2 of 2026 and were shown to be down almost 10pc year-on-year. While the number of jobseekers fell by 6.8pc quarter-on-quarter, the figure was still 18.4pc higher than the previous year.
According to Morgan McKinley, the data is indicative of a more disciplined, employer-led market, in which employers are still recruiting but permanent headcount may struggle as organisations prioritise cost, productivity and workforce planning.
The report said, “Q2 was not a broad downturn, but it did mark a reset in hiring discipline. Demand remained active in roles linked to regulation, risk, infrastructure, transformation, AI, data and specialist project delivery. Broader expansion and non-essential replacement hiring became harder to justify.”
Trayc Keevans, the global FDI director for Morgan McKinley Ireland, said, “The professional employment market is entering a more disciplined phase. Employers remain active but are placing greater emphasis on hiring with precision. Companies still have work to deliver, but they are being far more cautious about adding permanent headcount.
“That is why hiring processes are slower and vacancies are lower, as organisations balance growth ambitions with cost management, while contract talent continues to provide the flexibility many businesses need.
“The result is a clear shift in bargaining power. Employers have more choice, wage pressure has eased and candidates are having to work harder to show why they should be hired. A strong CV is no longer enough on its own. Employers want evidence of impact, whether that is improving performance, adding value, reducing risk, managing change, or helping a business become more productive.”
Flexibility
Not wanting to stay static, Morgan McKinley found that employers are eager to keep projects moving onwards, without the financial responsibility of adding permanent headcount. As a result the report noted that contract and temporary hiring are gaining ground, particularly across technology, life sciences, multilingual roles, marketing, supply chain, projects, transformation and change.
Return-to-office expectations also tightened. While companies continue to facilitate hybrid working, data shows that three days in the office is becoming the default and many employers are gradually inching closer towards the original four or five days on site. Morgan McKinley suggested that this is causing friction among candidates who still place a high value on flexibility.
Keevans explained that AI is giving employers cause to reconsider the structure of current roles.
She said, “If parts of a job can be automated, simplified or absorbed by existing teams, employers will question whether that role needs to be replaced in the same way.
“That does not mean AI is about to wipe out professional jobs. The more immediate impact is fewer automatic replacements, more pressure on routine administrative and operational work and greater value placed on judgement, commercial thinking, regulation, client management and technical expertise.
“The risk for employers is mistaking caution for strategy. If they hold back too much, they may find themselves short of the skills they need when momentum returns.”
Sector by sector
Taking a closer look at how different industries performed, technology hiring remained active but was more selective in Q2, with the strongest demand being for Dublin-based contract roles in AI engineering, full-stack development, data, cloud, DevOps and governance.
The financial services space was also found to be relatively steady, albeit cautious, with hiring efforts focused primarily on replacement roles, internal progression and specialist skills linked to regulation and client demand.
Risk, compliance, regulatory reporting, credit risk, AML, KYC, pensions and financial crime remained active areas, while climate, green energy and infrastructure projects supported demand for corporate finance, financial modelling and lending expertise.
Perhaps unsurprisingly, due to the nature of the work and the steady rise of contract employment, Morgan McKinley’s report indicated that employers are relying on temporary and contract talent to balance project delivery in the life science and engineering sectors. Demand was strongest across QC, quality assurance, clinical trials, automation, validation and process engineering.
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