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Multinational vs SME – When Choosing Your Next Position

multinational

You have reached a crossroads in your career, you are looking for a change, but you are unsure as to whether you should make your next move into a large or small organisation. Here are a few pros and cons, regardless of your area of expertise that may help you decide, depending on your mind-set and how you as an individual want to grow professionally.

 

Large Multinationals

Pros

  • Well recognised brands are known worldwide and will add an impressive badge to your CV that will inevitably open other doors down the line.
  • They provide strong career prospects and a definite career path.
  • International opportunities to join other departments and most companies are keen to encourage their talent to work in other sites abroad. Firstly you can upskill and grow within that organisation, and secondly for those with the travel bug to “scratch that itch” without losing them from the organisation.
  • Remuneration and benefits tend to be better within multinationals, because they have economies of scale and therefore deeper pockets.

 

Cons

  • As this is a huge machine everyone has to have a highly defined role for it all to work. Sometimes you can get pigeon holed into one area which in turn can, for some people, lead to boredom. The pace is fast, the quantities are high, but as you get better and faster in your role, you can feel like you are on an assembly line. High Volume X Specified Task = under challenged drone.
  • It can sometimes feel like forever before something gets done. While policies, procedures, controls etc. have their place of importance within a large company, this can sometimes be their downfall. Red tape and sign offs can hugely delay processes, which in turn, can hugely frustrate employees, particularly those with high ambitions.
  • You can often feel like you are just a number and not a valued employee who is making a genuine difference.

 

 

Small to Medium Sized Enterprises (SMEs)

Pros

  • No two days are the same. As is the nature of the SMEs, you will work as part of a small team and this breed’s variety. It’s an “all hands on deck” environment where one minute you are signing off on the annual statutory accounts and the next you are recruiting for a part time receptionist. This, in turn, can lead to excellent experience that you would never get in a Multinational, granted, on a much smaller scale.
  • Decisions can be made quickly. If you need something done or you have an idea to implement then a 2 minute conversation with the General Manager can make it happen. Politics plays a very small role within SMEs and sometimes it can be fly by the seat of your pants.
  • You feel like you are making a difference and often feel more appreciated as you are a big cog in a small engine.

 

Cons

  • Career prospects are capped and you sometimes have to wait for someone to leave or retire in order to move up the ladder.
  • Pockets are shallower within the SMEs and they always want to get the best bang for their buck, salaries and packages are no different – with them tending to be lower.
  • Small businesses can rely heavily on 1 or 2 big customers or suppliers and so, if they lose a big customer, this can be devastating to a business which in turn leads to cuts which in turn adds more risk to your position within the company.

 

There are many pros and cons to both the larger and smaller companies and this is just a flavour. Individuals have their own take depending on their own experiences and what makes them tick.

In general, and there are many exceptions to this, if you are ambitious and money motivated then multinational companies are a strong option for you, but if you are more interested in making a difference, want to feel part of a company’s success and variety drives you, then SMEs are an excellent option.

However, if you are starting off in your career with no experience of either, or if you are purely torn as to where to go, then why not try both, but remember, it is a lot easier to get into a small company from working in a large company than it is to get from a small company into a large one.

 

Posted by Recruitment Consultant, Sigmar on 30 November 2017

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What you Need to Consider Before Changing your Career

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Changing career takes a considerable amount of commitment and determination. If you feel that you want to change careers, ask yourself these 10 questions to see if a career change is right for you… What Do You Want? Self-assessment is the first step in making any big life decision. The only way to make an informed decision about a career change is to learn about yourself first. Understanding you and your work-related values, interests, personality type and aptitudes will help you know exactly what it is you want. Do You Have What It Takes? If you’re interested in pursuing a new career, you need to do your research. Look at the job market, understand what hiring managers want, what the expectations are and the skills you need. It is important to recognise what is expected before diving right in. It’s important to note that you may also be expected to work unpaid, in an interning capacity, until you gain enough experience. What Can You Offer? If you choose this new career what exactly is it that you can bring to the table? Do you have transferable skills or industry knowledge? If not, you may need to return to education before you can move into this new field. Who Do You Know Who Can Help? Even though you want a career change, the network you’ve made in your current role could help. Look at who you know and see if anyone has advice in the industry you’re interested in. LinkedIn is a great place to start. Is There Long-Term Prospects? Can you go far with this career? Changing career is a big step and you need to figure out in advance if it is worth it. Ask yourself where you see yourself in 5 years with this career and 10 years and so on. If the career path isn’t clear, you may need to reconsider. Is This A Good Time? Timing is everything. You need to take a look at where you are in your life and decide whether changing careers is feasible. It’s a huge commitment, so you need to be sure the timing is right as well as the career. Is It Affordable? Changing careers may involve taking a pay cut. You could have 10 years’ experience working, but if it’s not in the field you’re going into you can’t expect to be on the same salary. Can you afford to earn less or even nothing at all, because you may be required to do an unpaid internship? This is probably the most important question of them all but it’s important to remember that higher earnings don't necessarily mean job satisfaction. Do You Have Your Family & Friends Support? Having the support of your family and friends can be crucial in succeeding with a career change. Having that bit of encouragement can really help. Also, it’s important to listen to the people close to you. If your family and friends aren’t being supportive of your decision, you may be making the wrong one. Are You Willing To Return to Education? Qualifications aren’t everything but they are important to hiring mangers. If you don’t have transferable skills and industry experience, returning to education may be the only way to move into a new career. Are Your Expectations Realistic? Weigh up the facts. Can you really do this? Talk it through with someone you trust. Sometimes when you really want something it’s easy to get carried away in excitement. Don’t rush into it and make sure the change is possible. Transitioning to a new career is difficult, but if you are confident it’s the right decision for you and you persevere, you should have no trouble succeeding.

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Working & Living In Ireland

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Relocating to a different country for a job can be both exciting and terrifying. To make your move successful, preparation is vital. If you’re thinking of moving to Ireland, you’re probably asking yourself the following questions: How is the housing market? How do I get a PPS number? How do I to set up a bank account? How do I set up taxes? What transport is available? What is it like to livein Ireland? We have devised a list of what you need to know about moving to Ireland… Accommodation You can look for private rented accommodation through local newspapers, real estate agencies or websites for example: www.daft.ie, www.let.ie, https://www.myhome.ie/rentals. The quality of rental accommodation can vary so you should view the property before making any tenancy agreement. It is common for people who have not met before to rent a house together and to share the costs of the house, including gas, telephone and electricity bills. You usually pay rent monthly, in advance. 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This should be the first thing you do when you move to Ireland because you will need it to work and set up a bank account. Taxes There are two rates of tax in Ireland: 20% on the first €34,550 earned 40% on the remainder of your salary You will also pay PRSI and the Universal Social Charge on your income. This social insurance contribution goes towards providing State Social and Health Services. You will pay 4% on all your income in PRSI. The Universal Social Charge (USC) is a tax that has replaced both the income levy and the health levy (also known as the health contribution). Rates for 2018 are; Income up to €12,012 - 0.5% Between €12,012 and €19,372 - 2% Between €19,372 and €70,044 - 4.75% Above €70,044 - 8% Bank Account Setting up a bank account in Ireland is often something that is overlooked in the excitement of relocating. Many employers will prefer to pay into an Irish bank account and setting up an Irish bank account can be stressful if you don’t get yourself organised. 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Localclubsireland.com - directory of sporting clubs throughout Ireland Meetup.com - lists group meetings in cities around the world to help bring people with common interests together and promote the development of active local communities. Search groups of whatever your interest is in Ireland all over the country. Newcomers Club Worldwide - worldwide directory of newcomers clubs for newly arrived expatriates, including Ireland. Transport Rail Service: Iarnród Éireann, is responsible for operating rail services in Ireland. The company operates passenger rail services nationwide and provides commuter rail services, including the DART service in Dublin and the Arrow service from Dublin to Kildare. Bus: Bus Éireann provides various bus services on a network of routes throughout Ireland. It operates intercity coach services and provides commuter services for major cities. City and town bus services are also provided, together with a local bus service throughout the country. 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20 Things Recruiters Want To See On Your CV

20 Things Recruiters Want To See On Your CV

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Leave Out Graphics & Images Leave out fancy graphics, complicated formatting and decorative pictures where possible. They just tend to make it more difficult for employers to read. Keep things simple, clear and detailed. 8. Visa/Employment Permit Status For foreign Nationals your visa Status is crucial! You must specify what visa you have and if there is an expiry date. 9. Professional Profile – Don’t waffle Your professional profile should be at start of your CV. Use this section to outline your technical expertise, years of industry experience and qualifications etc. Try to avoid saying things like, “I am hard-working and reliable”. 10. Bullet Points Always use bullet points where you can. In your duties section and skills section put the information in bullet points rather than a paragraph. This makes it a lot easier to read and for hiring managers to see quickly and clearly what experience you have. 11. Contact Details You may just assume that sending your CV via email is enough for an employer to contact you but often CV’s get forwarded around and saved on hard drives so the original email you sent could get lost along with your contacts. Always put your email address and contact number on your CV. 12. Targets Achieved Someone with a track record of achieving goals really impresses managers. Setting and achieving targets shows self-motivation and determination. If you have achieved targets in your work experience make sure to include them in your CV. 13. Practical Skills Make sure to list any practical skills like having a driving license, manual handling certificate or fork lift licence. These skills could be really attractive to an employer, depending on the role you are applying for. 14. Tailor your CV to every Job Tailor your CV to the job you’re applying for. Don’t regurgitate the same CV for every job. 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Salary Guide 2018

Salary Guide 2018

Broadly the global economic performance and Ireland’s position are positive for the rest of 2018. With unemployment at 6.1%, two points lower than the European average (8.6%) and trending closer to 5%, continued inward and indigenous investment along with low inflation, all signals point towards continued, sustainable improvement. Last year we suggested the real impacts of Brexit and the Trump administration may yet to be seen, and this may well still be the case. Ireland has been resilient throughout ten years of turbulence, however, so can be confident of maintaining growth. In terms of professional salaries, increases in the region of 4% have remained ahead of cost inflation and enabled the sustainability of economic (and employment) performance. Indeed the impact of new organisations (mainly financial and fintech) relocating some operations to Ireland from UK will be higher in 2018 due to the time it takes to set up financial operations. The strong sectors (ICT, pharmaceutical, financial, etc.) remain strong, with specialisms like GDPR, Blockchain (not just Bitcoin) and analytics getting the headlines in 2018. There is an on-going drive for a better regional spread for new and existing jobs. There is a salary differential in the region of 5-10% and better retention rates (and more property options), so the regions will be disproportionate beneficiaries of new job creation. 2018 Salary Guides for each discipline: Accountancy & Finance Banking & Financial Services Construction & Property Services HR Insurance IT Legal & Compliance Manufacturing & Engineering Marketing Office Support Sales Science & Pharma Supply Chain