Vyta Group, Ireland’s leading secure IT recycling company, today announces that it will create 100 new jobs over the next two-and-a-half years. The company, which plays an essential role in helping businesses to reduce the carbon footprint of their IT equipment, will grow its staff base from 120 to a team of 220 by the end of 2025.
The jobs come on the back of a €6.4M investment from the group and will support Vyta’s rapid growth. The company collects, refurbishes, recycles and resells retired IT equipment while ensuring complete data destruction for data-bearing items. In doing so, it protects organisations against data leaks while also contributing to the circular economy and therefore reducing businesses’ environmental impact. As businesses strive to meet stringent sustainability targets, while complying with data regulations, Vyta has seen increased demand for its services.
The new roles will span a range of departments within the business including finance, marketing, customer experience, service delivery, business development, operations, logistics, compliance, engineering, retail and business support. The positions will be located across all three of Vyta’s sites in Dublin, Belfast and Essex.
The €6.4M investment will also enable Vyta to add to its fleet of collection and shredding vehicles as demand grows. The company carries out ultra-secure collection of retired IT equipment across Ireland, the UK and the EU, with equipment and vehicles fully tracked throughout their journey. The company’s mobile shredding service, DiskShred, meanwhile, can shred items into pieces as small as 6mm to ensure data and old storage media is completely destroyed onsite.
In addition to an increase in headcount within Vyta’s service delivery team, the investment also covers a new Customer Relationship Management (CRM) system which is enabling the business development and account management teams to better support a growing client base across the UK and Europe.
In addition to strong organic growth, Vyta is currently building on its market position by seeking to acquire like-minded IT asset disposition (ITAD) companies across Europe. The company recently acquired the Essex-based ITAD, FGD, following a €13M investment from MML Growth Capital Partners Ireland.
Vyta is the most-accredited ITAD provider in Ireland and the UK, and it holds the fourth-highest ranking in the world from global IT asset disposal standards body, ADISA. It is the only Irish company to achieve both the ADISA and R2 certifications for responsible and secure IT recycling.
Philip McMichael, founder and CEO, Vyta Group, said: “Undoubtedly, 2022 was an exciting year for Vyta, having enjoyed significant growth and with the completion of the FGD acquisition. In 2023, we want to build on that and drive further expansion across not only Ireland and the UK, but further afield in Europe.
“In order to achieve these ambitious growth plans, we need to invest in the business and hire more people. Our team will enable us stand out in what is a highly competitive market, allowing us to adhere to most stringent industry standards, and help us maintain our commitment to delivering the best customer service in the industry.
In turn, it will also allow us to make strides towards our wider business aims including consolidating our market share, becoming the best-in-class ITAD services provider in Europe, and growing the circular economy.”
Finding a job in the highly saturated market is already challenging enough. But if you were terminated from your previous job role, it might be even more difficult.
But whether you were wrongfully terminated and need to seek legal guidance with HKM.com or you were terminated fairly, you’ll need to get back in the game sooner or later.
So, we’ve gathered some of the most helpful tips to help you find a new job after you have been fired.
Streamline Your Job Hunt
Before you start rounding up vacancies to apply to, it’s best to streamline your job search to save time. Otherwise, you will end up applying for vacancies that aren’t compatible with your professional skills and ambitions.
Customize your resume and cover letter, outline your career goals, and research target companies.
Learn New Skills To Boost Your Employability
Upskilling is a great way to increase your chances of securing a new job after being fired. Learning new skills can make you a more competitive candidate, especially if you take courses relevant to your industry or a new career path you’re considering.
There are many online courses, boot camps, and vocational programs that can help you acquire in-demand skills. Texas residents may explore various specialized programs offered by South Texas Vocational Technical Institute, as they provide hands-on training in fields like healthcare, business, skilled trades, and technology. These programs are designed to equip students with the practical skills and certifications needed to enter the workforce quickly and confidently.
Investing in professional development can enhance your resume, boost your confidence, and open new doors to career opportunities. Whether you choose to refine your current skill set or transition into a new industry, ongoing learning will make you a stronger candidate in today’s competitive job market.
Consider Visiting A Career Counselor
You might want to think about a career change if you were fired for reasons that leave you questioning your current career path. But if you don’t have an alternative career lined up, you can consult a career counselor.
These professionals will help you identify ideal career opportunities for your personality and skills. Moreover, a career counselor will also guide you through the process of reaching your new career goals.
Build A Professional Network
Instead of only applying to vacancies online, another way to find lucrative career opportunities is through networking. With a vast network, you will find it easier to access job opportunities aligned with your skills and experience.
The best ways to build a professional network to secure a new job are to use social media platforms like LinkedIn, contact former colleagues, or consider attending relevant seminars and corporate events.
Try To Get A Positive Reference
When modifying your resume to add your previous employment details, it’s wise to add a reference that will speak positively of your expertise as a professional. You might be reluctant to add your previous employers’ contact details, so consider a colleague from HR or a supervisor with a positive perspective of your employment period.
Practice Tricky Interview Questions
Once you have secured a few interviews, you’ll encounter the next challenge of finding a job after being fired; you must complete the interview while carefully avoiding the harsh topic of your termination.
It’s wise to only speak positively about your previous employer; speaking in a negative manner might make you seem sour and disgruntled about the situation. Instead, practice professional answers that settle interviewers’ concerns regarding the termination.
It might be best to suggest that you have varying goals and philosophies and would like to grow your career with a company that can support your career ideals.
While job loss is a devastating experience for most professionals, it’s possible to get back on your feet and find another job, even if you were fired unfairly. Nevertheless, whether you decide to change careers or find a new company, be sure to choose your words carefully during interviews.
Expleo, a global technology, engineering and consulting service provider, today announces the results of a new survey which has found that 94% of businesses on the island of Ireland are struggling to find IT staff, despite recent layoff announcements from many of the world’s largest tech companies. The research found that business leaders believe that the issue is widespread, with nearly three-quarters (74%) saying that Ireland is struggling to attract top technology talent.
Expleo carried out independent research* of 141 business leaders on the island of Ireland and found that organisations face internal and external challenges when it comes to tech talent. Most (86%) business leaders believe their organisations have under-invested in the skills base of their employees. A further 74% believe that automation must be part of their organisation’s solution, as there simply won’t be enough skilled people to get the necessary work done.
As they struggle to recruit and retain talent, the vast majority (83%) of business leaders are finding themselves under pressure to meet rising salary expectations amid ongoing inflation. More than one-third (38%) said that candidates are receiving salary offers that are 20% higher, or more, elsewhere.
The ease at which employees can change jobs to take on a more senior role or receive a higher salary is a key challenge for business leaders, along with their ability to meet employee expectations regarding modern workstyles. The research found that the top challenges when it comes to attracting and retaining tech talent are: offering a better work/life balance and reduced workload (47%), offering competitive promotion and career advancement opportunities (36%), and meeting expectations relating to flexible or remote working arrangements (35%).
As they continue to be challenged by IT skills shortages, 70% of business leaders on the island of Ireland say these shortages are impacting their business and transformation plans, with one in five saying they are having a significant impact.
To address the issue, more than one-third (38%) of businesses are now outsourcing more functions to third parties or consultants. Internal measures, meanwhile, include investing in external training for staff (42%), hiring more for remote roles (39%) and adopting hyperautomation principles to automate as many business processes as possible (39%).
Paul O’Malley, Chief Operating Officer, Expleo Ireland, said:“Our research highlights that business leaders in Ireland are acutely aware of the role that technology talent plays in their growth and success. With this in mind, and despite some very high-profile layoff announcements in recent months, businesses are continuing to struggle to find and retain the IT talent that will be pivotal to their – and the economy’s – future.
“While organisations can only do so much when it comes to external pressures such as inflation and salary competition, our research shows that businesses who are suffering from IT talent issues must take a bolder approach and tackle this issue head-on. We can see that business leaders in Ireland are open to this, with almost three-quarters saying that part of the solution lies in automation, while others are outsourcing more functions.
“At Expleo, we are helping businesses with the successful blending of internal and external expertise. In today’s rapidly evolving landscape, business leaders are under increasing pressure to keep their organisations ahead of the curve to remain competitive. By providing them with the best technology solutions, teams and talent – such as highly-skilled software teams or agile pods – we are ensuring that businesses are equipped with the right resources to work on the right projects, at the right time.
“With such an overwhelming majority of business leaders admitting that their company has under-invested in the skills base of their employees, now is the time to pave the way to a successful, sustainable future by investing in employees, their potential and their wellbeing.”
CWSI, Ireland’s most experienced mobile and cloud security specialist, today announces that it will create 50 new jobs in the next three years as it plans to double its user base to 1 million by 2025. To position itself for further significant growth, it is looking for new hires across software development, cybersecurity, engineering, sales, operations, and product and project management. It currently has 20 roles available with immediate effect.
The company plans significant organic growth in its direct and indirect business across five key markets of the UK, Ireland, Netherlands, Belgium and Luxembourg, while also considering further expansion of its European footprint through acquisition.
CWSI Group forecasts 30% revenue growth in 2023 as it strengthens and extends its portfolio of cloud security, compliance, and enterprise mobility solutions for hybrid working. Over the next three years, CWSI plans to substantially scale its channel business, through both existing and new channel partners, to become a leading European enablement partner for the secure digital workplace.
It will extend its expertise and service offering with key strategic vendor partners such as Microsoft, placing a strong focus on recurring revenue and managed services. The company will also focus on growing its proprietary workplace software, which transforms the cumbersome and admin-heavy process of selecting, on-boarding, and managing a new device through powerful automation and easy self-service.
To support its ambitious growth plans, CWSI secured new funding of €21M in 2022 and made its first acquisitions in mainland Europe. The company acquired BLAUD, a mobility and security specialist based in Utrecht, Netherlands, and mobco, a modern workplace and mobility specialist which is expanding CWSI’s reach into Belgium and Luxembourg. Over the past year, it has successfully integrated both organisations into the wider CWSI Group, allowing it to grow its service offerings and skillsets.
To set the business up for sustained growth, CWSI has restructured its senior leadership team with a number of key appointments. Des Ryan is the new Group Chief Operations Officer (COO). Des joins CWSI from Microsoft Ireland where he served on the executive leadership team and held the dual roles of Director of Solutions and Director of Cyber Security for the company. The appointment further strengthens CWSI’s Microsoft practice and will accelerate the development of its Microsoft business in the UK and Western Europe.
Other significant appointments include Mark Mitchell as Group Chief Technical Officer (CTO), who will be responsible for new product, technology, and service development. Mickaella Glynn has been appointed as Group Chief People Officer (CPO), and will be responsible for all aspects of the group’s people strategy. Paul Line has been appointed as Chief Commercial Officer (CCO) and will lead all marketing and commercial activity for CWSI.
Thierry Lammers and Ulrik Van Schepdael, the respective CEOs of the newly acquired BLAUD and mobco, also join the senior leadership team and will continue to provide local leadership and drive business development in their regions.
Ronan Murphy, CEO, CWSI Group:“We’ve set ourselves a challenging but achievable target as we enter the next chapter of CWSI’s growth story, adding 50 highly-skilled people to the team and reaching one million end-users by 2025. In response to growing demand among our customers for innovative solutions that support the modern workplace, we will leverage our enhanced expertise in mobile and security along with our growing channel and geographical reach. This will allow us to deliver the highest levels of service to our expanding customer base while securing the digital experience for their employees.
“Our recent acquisitions have quickly proven to be a perfect fit for our business and customers. In addition, our new leadership team gives us the depth of knowledge and experience we need to accelerate our growth targets and become a leading pan-European provider of cloud, mobile and security services.”
Minister for Enterprise, Trade and Employment Simon Coveney TD and IDA Ireland today announced the creation of 100 jobs in Dublin, Galway, and Cork across 5 high growth companies from Europe and the US.
The investments are supported by the Irish Government through IDA Ireland.
Making today’s announcement Minister Simon Coveney TDsaid “I warmly welcome IDA’s announcement today that 5 new companies will be coming to our shores, creating 100 new jobs. The positions will be spread across a range of sectors and indeed cities, demonstrating Ireland’s position as an excellent strategic choice for global business, both in terms of our geographic location and our wealth of diverse and highly skilled talent. I wish all involved the very best in their respective new ventures.”
Commenting on the announcement, Mary Buckley, Interim CEO, IDA Ireland said, “I am delighted to welcome these new companies to Ireland. I particularly welcome the locational spread of these investments which shows that the technology offering, availability of talent and attractive work life balance resonates with overseas investors.”
“Our pro-business environment remains competitive in attracting high growth companies to set up in Ireland. These companies choose Ireland as the location to serve and grow their customer base due to Ireland’s established track record. I wish all of these companies well and look forward to a long and successful partnership with each of them,” added Mary Buckley.
The new jobs will be spread across the technology, business services, medical technology and fintech sectors with a range of activities such as Sales and Marketing, Software Development, Engineering and Data Analytics.
Xenon arc, the tech and managed service innovator transforming the way materials producers go-to-market, announced today that the company will open a new office in Dublin, Ireland. These employees will work across sales, marketing, customer support and operations, product management and data analytics for EMEA. Headquartered in Bellevue, Washington, Xenon arc deploys advanced technical support and digital solutions to industrial manufacturers of chemical, industrial, food ingredients and more.
Total Processing (25 jobs) is an innovative payments solutions company that helps its clients navigate the complexities of payment processing. The UK headquartered company today announced plans to hire 25 new employees in Ireland under the leadership of Elaine Deehan as the new Managing Director for its expansion into the European Union market. Named as one of the Sunday Times 100 fastest growing UK companies, Total Processing has achieved considerable success in the UK and MENA regions.
Alliance Strategies (15 jobs) the umbrella entity that strategically and tactically serves the Alliance Abroad global footprint as a leading facilitator of global cultural exchange programs, today announced plans to hire 15 employees in Galway, Ireland over the next 5 years. The company headquartered in Texas, currently has 8 worldwide offices and an extensive network of partners to facilitate meaningful cultural exchanges. The hub in Galway will lead the company’s strategy in areas of global marketing, finance and corporate supports.
QbDVision (15 jobs) the creators of a first-of-its-kind Digital CMC platform, designed to accelerate the drug development lifecycle and help organisations swiftly and efficiently deliver the next generation of breakthrough therapies, has announced the opening of its first international office in Cork, Ireland. With a surging user base in the EU and thriving biopharma market, Ireland was a natural choice for QbDVision’s expanding global team. The company, headquartered in Austin, Texas plans to hire 15 employees in Ireland over 4 years.
Movano Health (20 jobs) a purpose-driven healthcare solutions company at the intersection of medical and consumer devices and makers of the Evie Ring, today announces its plan to grow its Irish subsidiary to more than 20 employees over the next four years or more. Opened in 2021, Movano Health’s Irish subsidiary currently employs 5 people with offices at the Rubicon Centre in Cork to cater for growth. Recruitment is underway with Movano Health looking to hire engineers specialising in integrated circuit design and firmware/embedded software to work towards the summer launch of the Evie Ring, its first commercial product.
Bank of Ireland has announced 100 new technology roles to further accelerate a range of digital projects across the Group. This follows the recruitment of 230 similar tech specialists since 2021.
The new roles – which include Cloud Platform Engineers, Cybersecurity experts, Data Infrastructure engineers, specialised Project Managers and Business Analysts – will be part of the Group’s Technology and Customer Solutions team.
Irish consumers are becomingly increasingly digital-led in their interactions with their financial services providers, and Bank of Ireland is once again expanding its digital and technology base with the creation of these new roles. Last year, the Bank of Ireland mobile app was enhanced through the introduction of a new digital money management service which offers customers more than 40 insights into their spending. The Bank processed 366 million contactless transactions, up 41% since 2021. Over 90% of everyday product applications are now digitised.
New hires will be involved in some of the Group’s most critical strategic initiatives. These include developing new customer features on digital channels, delivering against the Group’s Cloud Strategy, protecting customers against emerging cyber threats, and capabilities such as advanced data analytics.
Eimear Harty, HR Director, Group Technology & Customer Solutions said: “Bank of Ireland is one of the most attractive and dynamic places to build a career right now. We have some exciting digital projects underway across the Group, and we’re looking for talented specialists who want to drive improvements in the banking experience for millions of customers.
“As well as interesting work, Bank of Ireland is a great place to grow your career. Colleagues benefit from some of the most progressive and inclusive workplace policies in the market, flexible working supported by a network of remote hubs, and competitive pay.
Banking is changing fast, it’s exciting, and these new positions will be at the forefront of advances in the sector. These new roles will further support our progress and momentum as we build a world-class, diverse technology team, delivering improvements for customers.”
Commenting on the announcement, Simon Coveney TD, Minister for Enterprise, Trade and Innovation said: “I want to warmly welcome this investment and jobs announcement from Bank of Ireland. These are high value tech jobs and I am glad that Ireland has the talent and demand for this type of expansion.”
The roles will be recruited in line with the Bank’s flexible working policy, meaning applicants will be able to work from a combination of home and central office locations, as well as a network of 13 remote working hubs.
All new recruits will have day-one entitlement to Bank of Ireland’s suite of market-leading Family Matters policies including maternity and paternity leave, parents leave, foster care leave, early pregnancy loss, surrogacy, fertility leave, all of which are paid leave entitlements.
In addition, the Bank has also recently announced the introduction of a performance-related Profit Share Scheme. This will see colleagues rewarded by April 2024 based on both the financial and operating performance of the company and individual performance during 2023.
Expleo, a global technology, engineering and consulting service provider, today announces the opening of a Galway innovation hub and a €5M investment in the expansion of its life sciences and engineering research & development (ERD) teams, which will be headquartered there. The Galway base will be critical to bolstering Expleo’s presence in other key industries, including software and automotive. It is part of a wider plan to establish a network of regional hubs to support the company’s rapid growth across the island of Ireland.
The new hub, located in the Galway Technology Centre, Mervue, is forecast to have a significant impact on Expleo’s growing revenues in Ireland, supported by the expansion of its life sciences and ERD teams. By year-end 2024, the company will invest €5M in 70 jobs across the two teams. Team members will work across Expleo’s client sites and its network of offices in Dublin, Cork, Galway and Belfast. On top of the 200 jobs announced in June last year, these latest jobs will see Expleo grow its island-wide team of over 1,000 by the end of 2024.
Expleo’s life sciences practice in Ireland specialises in product development for the MedTech and pharma while ensuring compliance and helping the sector meet regulatory needs. Meanwhile, the ERD team drives innovative thinking and new ways of working to simplify, enhance and automate key business processes. The jobs created will be in the areas of mechanical, electrical and digital engineering, as well as business consulting and software development and testing.
The new Galway office represents a long-term commitment from Expleo to both current and future customers located in Galway and the surrounding areas. Teams located there, and those working in client sites located in the West of Ireland, will be carrying out work on behalf of international clients who are based in Ireland. The hub will provide flexibility for Expleo staff located in the West, while giving Expleo access to a larger talent pool to support its rapid growth.
The opening of the Galway hub follows Expleo’s announcement last year that it was establishing a network of regional office hubs. The first hub in Mahon, Co. Cork, opened in June 2022.
All team members in the new hub, a mixture of current employees and new hires, will be offered the same flexible working arrangements as those in Expleo’s Dublin, Cork and Belfast offices, allowing them to split their time between working from home and working from the hub office or client sites.
Phil Codd, Managing Director, Expleo Ireland, said:“We are delighted to be continuing our regional expansion plans with the opening of our Galway hub. As Expleo continues to go from strength to strength on the island of Ireland, these hubs will provide us with the talent and momentum we need to deliver on our ambitious growth plans.
“Along with our investment in regional expansion, we are also making significant investments in our life sciences and engineering, research & development teams. As a global company, we bring experience and expertise from many disciplines and areas to support the growing demand in Ireland’s pharmaceutical and medical device design and manufacturing sector.
“Our new hub in Galway will provide cutting-edge services to businesses operating in the life sciences, software and automotive industries, helping them to innovate at speed and scale. Galway’s economy is thriving, and we are excited to be a part of it while also contributing to its growth.”
While searching for a job, you normally get tons of advice on what to do, but unfortunately, most of it turns out ineffective. Well, it is no surprise since job searching isn’t just about applying for jobs and hoping to get called for an interview anymore.
Only some people are able to simply put in an application, get an interview, and land a new job in today’s competitive, network-driven job market. The most successful job seekers utilize a variety of strategies, from establishing a social presence to targeting companies, to help them stand out from the crowd.
Customize your resume and cover letter
Your resume is the main weapon for your job hunt. It is important to take your time and write a concise resume and cover letter. A resume is used to make a favorable impression on a prospective employer and is often the first impression a potential employer has of you. Without a favorable initial impression, a prospective employer is likely to stop considering you as a suitable candidate for the job on offer and move on to other candidates who have provided better resumes.
When creating your resume, the purpose is to create a targeted resume or an achievement-oriented resume that highlights your accomplishments that are relevant to the job you are applying for. Ask a friend, family member, coworker, career counselor, or other professional to proofread your resume and cover letter for errors, as well as to offer advice. This will save you the embarrassment of formatting or grammatical mistakes that may go unnoticed to you.
Customizing your resume to fit the job you want is crucial. If you want to find a job in IT and you already have experience, employers want to see that you work well with others and can manage a team. You might want to reference a time when you collaborated with different departments or led your IT team across different projects. That will show that you have a certain level of expertise and collaborative skills. You should also refer to resume templates online or even resume builders, which will help you customize your resume.
Know your career goals
Start by identifying what type of career you want. Be clear on what you want, why you want it, and what qualifies you. This is particularly important for people entering the workforce for the first time or those changing careers. Ensure you have a clear, realistic goal, plan how you intend to reach it, and note what qualifies you for that career path. The better you know yourself, the more likely you are to find a new job that provides you with greater satisfaction.
If you are interested in a future in IT, a great way to impress a potential employer with your goals, motivation, and ability to follow through is if you have recently learned a new skill. Technology is constantly changing, and there are always more things to learn. Get proficient at a new software program, learn about cybersecurity, get to know more about AI, or you could even pick up on data analytics.
Research your target companies
As you find job listings that interest you, follow up by researching the hiring companies before you apply. Researching the hiring company will enable you to know if you would want to work with them as it will provide you with information about their company culture, benefits and salary range, products and services, work environment, and more. It will also enable you to tailor and customize your resume and cover letter to meet the demands of the post offered.
Additionally, if you end up getting an interview for a position, it is always beneficial to be prepared and to already have some knowledge about the company. Being informed helps you make a good impression as well as gives you the opportunity to ask questions.
Two great questions to ask during the interview are:
Why is the position available?
What determines a good or bad day on the job?
The answers to these questions will provide you with information on the specifics of the vacancy of your potential role and give insight regarding day-to-day expectations.
Your preferred company may look great on paper, but these will provide greater detail.
Use your network
Networking is about establishing and nurturing long-term, mutually beneficial relationships with the people you meet. A large and strong network of contacts results in more job opportunities. Networking – in person and online – is essential to your success in your job search. No matter the age, building connections is still the most prominent means by which people find jobs. In fact, experts agree that the most connected people are often the most successful.
The right employee referral can increase your chances tenfold of landing the job. If you’re looking to make a career change, your professional network can support you by helping you find connections in the industry you are trying to break into or help you find leads for jobs at specific companies. Lensa’s article on the best job search sites can help determine which sites best suit your desires.
A job interview, of course, is what will or will not grant you the job offer. Acing the interviewshould be a priority in your search. Therefore you should take the time to prepare yourself well. Before the interview, develop responses for common interview questions and then practice them – ideally using the mock-interviewing technique with a friend, network contact, or interview coach. The more prepared you are for the interview, the more comfortable you’ll be, and the more likely you’ll succeed.
Dress smartly during the actual day and wow the interviewer with your skills, experience, confidence, and expertise. It’s also advisable to follow up post-interviews with a thank you note. Use your thank-you note as an opportunity to emphasize why you’re the best candidate for the position. If you flubbed an answer during the interview, you can also use your thank you note to clarify (just ensure it doesn’t come off like you’re making excuses).
The search for a job may take longer than you expect. In fact, even after you go for interviews, the results will take time before you get them. Patience is, therefore, essential in the long process of job hunting. Understand that it’s a process, and try not to overwhelm yourself. If you have done your research and are prepared, then it’s only a matter of time before you get hired.
The Morgan McKinley Quarterly Employment Monitor registered an overall 6.9% increase in the number of new professional job opportunities in Q3 2022 compared sequentially to the second quarter across all professional sectors. However, the monitor also recorded a decrease of -3.3% in the number of professionals actively seeking new job opportunities compared to the previous quarter.
The Morgan McKinley employment monitor measures the pulse of the Irish professional jobs market by tracking the number of new job vacancies and new candidates in the Republic of Ireland each quarter. In order to reflect the changing dynamics of the current employment market, Morgan McKinley are including both permanent and contract jobs in the employment monitor.
The latest monitor reveals that the housing and cost-of-living crises are having a major impact on hiring, with Dublin based companies particularly struggling to find talent due to limited accommodation. The market remains candidate driven as salaries continue to be under pressure across most sectors, pushed by inflation, skills shortages, and with candidates having multiple options to choose from. Flexible working remains a priority, with most candidates preferring a hybrid working model. Companies with fully onsite working models face deep challenges in staffing.
Trayc Keevans, Global FDI Director, Morgan McKinley Ireland, said:
“There has been a notable and sustained decline in the availability of emerging talent. The impact of this is being felt in the employment market with employers struggling to fill entry level and graduate positions as this talent cohort is emigrating due to the lack of housing and the cost-of-living crisis. Australia, UK, and Canada were the primary destinations for departing talent over the last quarter, followed by Singapore, Dubai, Bermuda, and the Cayman Islands. Continental European locations like Spain, France and Germany have also proven popular with new graduates.
“The remaining talent at this level are not compromising on salary demands of up to 20% higher than current norms for entry-level and early-career qualified roles. Furthermore, these entry level roles are now also being filled with more experienced talent on higher salaries resulting in higher overall employment costs for businesses.
“Employment permits are being processed at almost double the rate of last year due to a tripling of government staff to reduce the processing times to the current run rate of 2-3 weeks. There is evidence that the largest proportion of these employment permits are going to professionals already in Ireland as companies are more confident that acquiring accommodation won’t be a barrier to their taking up the position. In addition, local relocation’s from the regions to Dublin and from Dublin to regional cities have been proving difficult. Employers are becoming more hesitant to offer a position to someone situated outside of their core location where they have an on-site or a hybrid working model in place.
“The financial services sector has seen an overall uptick in roles in the past quarter, with demand outweighing supply as increasing volumes of young talent emigrate and experienced professionals are less inclined to migrate to new companies, particularly in funds and asset management. Significant numbers of financial services professionals have left Dublin due to the cost of housing and childcare, and their resulting distance from the city centre continues to be a factor in a preference for hybrid and remote work. The housing shortage within Dublin is causing companies to struggle with securing overseas talent, leading to a reduction in non-EU professionals and a narrowing of the talent pool.
“Employee retention has become a primary focus of financial services employers. Talent retention is successful where employees have remote working options and are granted salary rises within their current roles. Salary increases are being seen across the board; funds and asset management roles have seen up to 15% salary increases, banking and insurance on average 5% increases, and governance roles have seen up to 10% salary increases.
“While the job market in accounting slowed down slightly, candidate demand continues to outweigh candidate availability in many cases. This shortage is particularly present among newly qualified candidates as many young people emigrate to Australia, the UK, and Canada directly after gaining their qualification. There is an anticipated increase in emigration expected in January 2023 after qualifications are completed. The younger, newly qualified candidates present in Ireland frequently seek higher salaries, jobs with fewer demands, and remote work. Across age groups, it is typical for candidates to have 3-4 offers on the table while in the hiring process.
“Our young legal talent are also completing their qualifications in Ireland and leaving for overseas opportunities. Approximately 40% of legal jobs filled in the last quarter are from returning migrants from the UK and Australia, however these tend to be more mature talent, while 25 to 30-year-olds are emigrating. The young talent remaining have higher salary expectations than ever and a focus on hybrid working models. In exchange for lower salaries, young legal talent are now seeking to enter an employer funded pension scheme early, such as from the first day of work rather than after probation. Increasing numbers of small legal firms are offering pension plans in order to remain competitive. Banks and commercial organisations have been seen to respond to pressures to increase pension contribution percentages above 5%; in workplaces that employ legal talent, legal jobs are seeing this rise as well.
“In the technology sector we are seeing some hiring freezes and we are starting to see some redundancies. Overall, the sector is seeing less of a loss of young talent when compared to other sectors, as technology graduates in Ireland are often comfortable enough with their salary and job options not to feel the need to emigrate. However, international awareness of Ireland’s scarce housing options is leading to a decrease in the volume of overseas technology talent applying for jobs in Ireland over the last quarter. Many technology employment permits are for candidates already resident within Ireland and who have already secured accommodation, reducing employer options for technology hiring.
“Recent legislative changes in Ireland and the UK are also predicted to have an effect on the technology market. The newly announced budget measures improve fiscal options for contractors here in the form of the rent tax credit, household energy tax credit, and small benefit exemption scheme. This may cause a transition within Ireland where technology talent that formerly sought permanent work will consider a move towards contracting options. In the UK, we expect that the repeal of the IR35 tax regulations will increase opportunities for contractors, possibly leading to UK-based technology contractors in Ireland returning to the UK to work, though the effects of the IR35 change for Ireland remain to be seen.
“Meanwhile the Government’s recently announced 10% levy on concrete could cause further challenges for budgets in the construction sector, especially around pharma manufacturing, data centres, and housing growth plans. Consequently, there are early indicators that our construction talent are already looking at career opportunities outside of Ireland for the near future. Many young construction workers are working in Europe as Irish employers doing business in Europe are paying accommodation, travel, and leisure money; these workers may live in Ireland part-time but work on the mainland.”
Current most in-demand positions by discipline:
Technology: Full-Stack Developers, Cloud Engineers, Data Engineers, Security Engineers, SOC Analysts, Site Reliability Engineers, DevOps Engineers, Developers with Java, .Net, Python, PhP, and Ruby on Rails Skills
Life Sciences: Qualified Person, Process Engineer, Computer Systems Validation Specialist, Automation Engineer, Pharmaceutical manufacturing roles, goods manufacturers as well as Sterile Ops professionals with fill finish experience
Financial Services: Case Managers, Mortgage Arrears Specialists, AML Analysts, Fund Accountants, Transfer Agency Supervisors, Claims Consultants, Pensions Administrators
Accounting & Finance: Newly Qualified Accountants, Tax Accountants at all levels, Qualified Accountants with 1-3 years’ experience, Payroll Clerks, Accounts Receivable and Accounts Payable Specialists
Human Resources: HR Business Partner, Learning & Organisational Manager, Learning & Organisational Specialist, HR Generalist, Strategic People Partner, Talent & Attraction
Multilingual: Senior Technical Support Analyst, Tier 2 Support Specialist, Customer Support Specialist, Process Analyst, Sales Development Representative
Marketing: Communications Specialist, Communications Manager, Brand Manager, Digital Marketing Specialist, Digital Marketing Manager, Marketing Executive, Marketing Manager
Statistical methodology
Monthly new jobs and new candidates:
Monthly new jobs and new candidate figures are based on Morgan McKinley’s own monthly records of new permanent and contract job vacancies and new candidates registering with the firm for employment. Statistics for the full market are derived using Morgan McKinley’s own market share.
Job classification:
Job vacancies are professional level roles within the following sectors and functions: Legal, Funds, Technology, Admin/Office Support, Sales, Supply Chain & Procurement, Life Sciences, Executive Search, HR, Multilingual, Contract, Marketing, Banking & Insurance, Accounting & Finance, and Projects/Transformation/Consulting.
Geography:
The data is based on new job vacancies and new candidates registered with Morgan McKinley’s network of Irish offices in Cork, Dublin, Galway, Limerick, and Waterford.
