Connecting...

W1siziisijiwmtgvmduvmtavmtuvmdkvmdcvodevqxj0ym9hcmqgmy0xmdauanbnil0swyjwiiwidgh1bwiilciymdaweduwmfx1mdazyyjdxq

The Talent Isle

W1siziisijiwmtgvmduvmtavmtuvmtivntavntc1lza0lwlyzwxhbmqtz3jhcghpyy1tyxatmtaynhg1nduuanbnil0swyjwiiwidgh1bwiilci2mdb4mzawxhuwmdnjil1d

There can be no denying that the Irish economy has benefited hugely from foreign direct investment, particularly from the US. The statistics speak for themselves; today there are 700 US companies with Irish operations directly employing 165,000 people. But, the historical economical and political US-Irish relationship works both ways. With Murphys, Kennedys and O’Neills making their presence known in boardrooms the length and breadth of the 50 States, Ireland is well represented in the highest echelons on US soil. Likewise, the statistics on that side of the Atlantic speak for themselves; there are also 700 Irish companies with operations in the US who employ 100,000 US citizens.


Recent changes to the political environment in the form of US protectionism has undoubtedly threatened our status as the location of choice for US companies, making up 12.1% of US FDI investment into Europe despite accounting for just 1% of the entire European economy. At a time of green shoots growth in the aftermath of one of the worst recessions the State has known, this hard won reputation in now in jeopardy.


Speaking at the Boston College Ireland Business Council symposium, John Harthorne, CEO MassChallenge described protectionism as grabbing the largest slice of the pie. The responsibility of leadership should be to increase the size, not of the slice, but of the pie itself.


So, what can business leaders do? Well, of course we can leave it to the Government and State agencies to do their job, or else we can get out there ourselves and deliver the message that Ireland is still a great place to do business.


That is exactly what Ireland Gateway to Europe did on Wednesday April 11, 2018, when a delegation of more than 40 Irish business leaders arrived in Washington to deliver the message that Ireland’s trade partnership with the US is stronger than ever, is truly bilateral and that Ireland remains the location of choice for FDI in Europe.


Ireland Gateway to Europe met with their US counterparts and political representatives on Capitol Hill with the purpose of strengthening existing business relationships and create new ones.


This initiative is a not-for-profit annual trade mission made up of professional advisory firms who travel the US annually to provide a secure resource network for business expansion to help US investment succeed in setting up operations in Ireland.


Founded in 2012 as a response to the economic challenges at that time of global recession, Ireland Gateway to Europe is now in its seventh year of US, UK and global trade missions. Ireland has traditionally enjoyed a particularly strong business, cultural and political relationship with the US. However, in light of the recent announcements of trade tariffs, data privacy, immigration and other protectionist policies, our concern is that there may be a perception that Irish-US trade linkages may have subsequently diminished. The fact of the matter is that the transatlantic economy grew stronger, not weaker over the past year, as did Irish -US trade with US exports to Ireland up 9% and imports to Ireland up 6%.


While the Washington mission was the focal point of the 2018 trade mission, the second leg of the trip saw the group travel to Boston to engage directly with the US business community at the stateside launch of the transatlantic Boston College Ireland Business Council (BCIBC).


Having launched this side of the Atlantic in Dublin last October, the US BCIBC launch took the form of a Global Leadership Symposium where US CEOs met with their Irish counterparts. The event looked at Global Leadership, where a panel of global CEOs discussed how they, as a transatlantic leadership community, can create opportunities against the backdrop of economic challenges.


The purpose of the BCIBC is to establish new, and strengthen existing, transatlantic business ties between the two countries, and it is designed to enhance transatlantic business between the US and Ireland through creating connections that allow for entrepreneurial ventures to grow and prosper.


The Global Leadership Symposium is one of a series of planned BCIBC CEO Exchange events that will take place twice annually over the coming years, both in Ireland and in the US. The nest event is scheduled for Dublin this coming October.


Founded by the Global Leadership Institute, Boston College, and Ireland, Gateway to Europe, and Chaired by Neil Naughton of GlenDimplex, the main aim of the BCIBC is to bring influential business leaders from both communities together once a year in Dublin and in Boston to create one deeply connected transatlantic trade artery.


By establishing the BCICB, the tight commercial and social bonds we share with the US can be strengthened and build upon bilaterally, business to business, in spite of any potential external or internal protectionist political policies. It’s widely known that cultural ties between Massachusetts and Ireland are deep but possibly lesser known are the strength of economic ties with 11,000 people employed by Irish companies there and Ireland being the 6th largest exporter from MA.


With threats from the uncertainty of the Brexit situation ringing in our ears from the East and murmurings of protectionism coming from the West, Ireland is again in a unique position to act as the economic transatlantic hub.


What will the future hold? As it stands nobody knows for certain, but the community of transatlantic business leaders has a collective, critical role to play to ensure the future foundation of business relations is maintained for generations to come.


Those business relationships benefit both Ireland and the US. Let’s both grow our slices of the pie by growing the pie itself.

Article featured on The Business Post

Posted by Robert Mac Giolla Phádraig on 10 May 2018

Related Content

W1siziisijiwmjavmdyvmjuvmtavmduvnduvnzm1l0nvdmlkidetmtawlmpwzyjdlfsiccisinrodw1iiiwindawedi2mcmixv0

Sigmar’s COVID Jobs Initiative Guides ONE in SIX Newly Unemployed in its First Three Months

Sigmar’s COVID Jobs Initiative Guides ONE in SIX Newly Unemployed in its First Three Months

Sigmar Recruitment today announces the impact of its, not for profit, COVID Response Jobs initiative three months after its launch. The online platform was set up as the COVID crisis took hold, and subsequently saw six hundred thousand people lose their jobs. It was set up to connect jobseekers with frontline jobs, offer career advisory services as well as free up-skilling opportunities for the restricted workforce, ultimately to support a more robust and effective recovery. The initiative has since seen: 83,716 jobseekers’ availed of career advisory services ranging from; video interviewing, remote working, digital collaboration, social branding, job hunting in the low-touch economy to traditional advice on interview preparation, and CV content. 10,702 availed of free online upskilling, through learning partner Alison.com. Most common courses completed were in Project Management and MS Excel. 3,010 jobseekers connected with over 200 frontline employers across retail & grocery, catering, healthcare, supply chain, production, security, and warehousing. 900+ jobs advertised over the period. 15,050 jobseekers subscribed on weekly basis for employment insights. Commenting on the initial results, founder of the initiative and Sigmar CCO Robert Mac Giolla Phádraig said; “ We’ve been overwhelmed by the level of engagement amongst jobseekers coming to the site, particularly the quantum availing of the career advisory services, which have been tailor-made to support the remote job search in the current environment. Recruitment has changed significantly in recent months and how jobseekers compete is now very different from what it was. Our career advisory service has helped jobseekers articulate competencies and achievements through a digital recruitment process for a lower touch economy.” “In addition, we are delighted to have supported over 200 frontline employers in a meaningful way and in turn help keep the national infrastructure up and running.” Commenting on the take up of upskilling, Mac Giolla Phádraig added; “We had 10,702 people take up free learning pathways through our partner Alison.com, in subjects such as Project Management, MS Excel, Web development, Data Science, GDPR, Accounting and many more. In addition to skills training, the learning content has been COVID curated for maximum impact across Business Skills, IT Skills, Mental Health, and Personal Development. Thanking partners of the initiative, Mac Giolla Phádraig commented; “When times were at their worst, our partners were at their best. It’s humbling to see how our combined efforts, can touch so many at a time of need and to see the effect of Team Ireland in action.” www.covidresponsejobs.com was created by Sigmar Recruitment, supported by Candidate Manager, Alison.com, The Irish Times, Communicorp and Virgin Media

W1siziisijiwmjavmdyvmjivmdkvntuvndcvmzy5l01pa2ugmi5wbmcixsxbinailcj0ahvtyiisijqwmhgynjajil1d

Sigmar Recruitment Appoints Former MD of Hays Ireland as it Scales Ahead of Anticipated Robust Recovery

Sigmar Recruitment Appoints Former MD of Hays Ireland as it Scales Ahead of Anticipated Robust Recovery

Sigmar Recruitment has today announced the appointment of Mike McDonagh as a Director of the company, as it gears operations towards supporting clients as markets recover. The appointment signals Sigmar’s ambition to build additional capacity as it continues to grow market share. Sigmar has fared better than most recruiters in the Irish market during the COVID crisis and has been at the forefront of industry response, launching https://www.covidresponsejobs.com/; an initiative to mobilise Ireland’s workforce and up-skill the restricted workforce for a more effective recovery. The appointment comes at a time when industry peers continue to retrench and signals Sigmar’s intention to continue to grow market share as green shoots appear. Mike is a highly respected industry leader with a significant pedigree in scaling successful recruitment businesses both in the UK and in Ireland. Most recently, Mike oversaw the growth of Hays Ireland as its Managing Director and previously served as Chairperson of Boardmatch, Ireland’s national corporate governance charity. Mike will join the leadership team to accelerate the growth of the core Irish business in delivering world class recruitment solutions and supporting international diversification. Welcoming Mike’s appointment, Adrian McGennis, CEO, Sigmar Recruitment said: “We are delighted with the appointment of Mike to the senior leadership team here at Sigmar. He has fitted in with the team and culture very smoothly. We knew Mike’s reputation, ambition and experience but our shared values make it an exciting appointment for everyone. It is consistent with our growth plans and whilst many are downsizing, we are delighted to continue to make key hires. Ten years ago, we saw the opportunity in a challenging/changing market to grow the business and because of our strong position and talented team, we see similar opportunities now.” Mike McDonagh commented; “I’m delighted to have joined such a successful organisation as Sigmar, a business I have admired for years for their excellent culture and values. Joining such a brilliant leadership team is a real honour and I’m very excited about helping the whole business realise the considerable opportunities in the market.”