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ireland's triving IT sector

Ireland’s Thriving IT Sector – Europe’s Silicon Valley

ireland's triving IT sector

Ireland has a thriving indigenous IT sector and is home to the second highest concentration of ICT multinationals in the world, outside of Silicon Valley.

 

Forty per cent of Ireland’s GDP – some €72bn per annum – comes from its technology sector, which employs more than 105,000 people. Since 2011, more than 15,000 jobs have been announced in the sector, making Ireland the go-to place to locate international Tech headquarters. According to the Government’s ICT Skills Action Plan 2014, Ireland is likely to face an average increase in demand for high-level ICT skills of around 5% a year out to 2018, with the employment of ICT professionals anticipated to rise to just over 91,000.

 

Ireland’s skilled, educated workforce and competitive corporation tax continues to attract foreign investment, with 9 out of the top 10 global ICT companies maintaining a presence in Ireland, and all of the top 5 software companies. This is accompanied by strong performances from our indigenous SMEs and an increasing number of innovative, well-funded Irish start-ups who are gaining recognition on a global level.

 

The Irish government are dedicated supporters of the Irish ICT sector.  They have created a number of initiatives to encourage and support new start-up activity such as schemes to relax visa requirements for non-EU citizens with in demand IT skills and have increased investment in research.  The Technology Centre in Data Analytics is a collaboration between DIT, UCD and UCC, and is part of the sustained effort to make Ireland top of the market.

 

IT employers in Ireland can recruit from a domestic talent pool of highly skilled, flexible candidates, with experience in leading global companies, and also, from a large number of mobile professionals from across the EU.  These candidates are actively looking to relocate, attracted by Ireland’s ‘IT Hub’ reputation. Bulgaria, Romania and Croatia’s entry to the EU has expanded the skilled talent pools accessible to Irish employers.

Posted by Recruitment Consultant, IT on 7 December 2017

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Irish jobs market reaches 20-year high, as office re-entry drives unprecedented levels of recruitment activity

Irish jobs market reaches 20-year high, as office re-entry drives unprecedented levels of recruitment activity

Sigmar Recruitment today reports a record high number of job placements over April, May, and June 2021. The number of placements during this period is higher than any other quarter in the recruitment company’s 20-year history. Current figures are up 6% on the previous record set in 2019 before the pandemic. As one of the largest recruiters in Ireland, Sigmar has offices across the country and is present in all professional sectors. The first half of the year saw strong, consistent growth with job placements breaking all records in the month of May, with June accounting for the second-highest month ever. Commenting on the rebound of the labour market, Sigmar founding Director, Robert Mac Giolla Phádraig says: “The jobs market in Ireland has never been stronger or more buoyant than it currently is. We’re seeing several macro trends converge all at once, which is creating significant churn in the market. Remote working has literally opened up a world of new opportunities no longer bound by location. This is coupled with a rising tide of consumer confidence, as many professionals find themselves in a stronger financial position than before the pandemic. “The last 18 months has asked big questions of us all, and the humdrum of lockdown has created a desire for change which is now resulting in unprecedented numbers of people moving jobs. Employee loyalty is increasingly under question, with remote work being less enjoyable, many workers are now committed to the experience of work over the employer, adding further to the current levels of churn.” IT accounted for one-third of all job placements throughout the quarter, followed in order by Financial Services, Sales & Marketing, Accountancy, Life Science & Manufacturing, Office Support, Public Sector, Construction, Professional Services. Business confidence has also grown steadily over the course of the year, as vaccination gathered momentum. The “low-touch economy” is booming is sectors such as e-commerce, digital, and logistics. Says Mac Giolla Phádraig: “The resurgence of permanent recruitment is somewhat unique to how we’ve rebounded from previous downturns, where we typically saw flexible work return quicker.” Although the vast majority of job placement in Q2 were understandably remote, Sigmar reports that the tide is beginning to change with the majority of employers now committing to hybrid work over the coming three months. Mac Giolla Phádraig advises: “As we now choose our workplaces, at a time when the power dynamic has shifted to the employee, employers need to ensure adequate work practices to reconnect the workforce with the workplace equitably. There is an inherent risk that new workforce inequities may emerge, such as “proximity bias”, where those closest to the centre of influence get greater recognition and therefore promotion opportunities as opposed to remote workers. When it comes to individual contribution the opposite could be argued that remote workers get the benefit of having less in-office distractions and their output is therefore greater.” Mac Giolla Phádraig likens remote work to long-distance relationships, which in many cases don’t work out. “We’ve gone from “living” with our employees in an office environment to long-distance relationships, which often sees commitment recede over time. The context of location also opens up new experiences and possibilities, which are now being explored on a scale never before seen.” He adds, “if we thought the war for talent was tough, just wait for the battle of attrition. It’s now emerging as the number one challenge for businesses across the globe.”