Connecting...

Brexit

87% of Companies Expect No Brexit Impact

Brexit Map Drawing

As reported in The Sunday Business Post (10th March 2019)

Sigmar Recruitment/ EY Talent Survey Takeaways

·      Companies remain bullish with 87% expecting little or no impact of impending Brexit.

·      Irish companies benefitting internationally from Brexit uncertainty with Sigmar Recruitment attracting French investment in 2018 that otherwise would have gone to London.

·      US companies considering investing in Ireland more concerned about costs, housing, property and ease of doing business.

·      Irish industry-led FDI delegation Ireland: Gateway to Europe to travel to Boston and Chicago in April to attract investment.

·      75% of non-banking jobs come from US multinationals

 

 


 

With the Brexit deadline looming, a survey of over 300 international companies, carried out by Sigmar Recruitment in association with EY, found that 87% of companies expect no impact due to Brexit.  

 

Whilst most business commentary on employment in Ireland tends to concentrate on Brexit, the steady positive growth in US investment continues to be the major contributor to jobs in Ireland.

 

Says Adrian McGennis, CEO Sigmar Recruitment & Founder Ireland: Gateway to Europe: “Demand for talent in Ireland is at an all-time high and US investment is still the main contributor. We all feel for Irish companies facing the challenges that Brexit/currency uncertainty brings but overall the employment situation is very positive.

 

Ireland:  Gateway to Europe is an annual privately funded FDI mission that travels to the US to showcase Ireland as a choice location of investment in Europe.

 

The Irish delegation of industry leaders will visit Boston and Chicago in April, meeting over 400 US CEOs including the CEOs of some major companies who are currently in Ireland.

 

“When we survey about the topics they want to discuss, Brexit barely features. They are asking about talent, property, costs and ease of doing business, as they have been for the last ten years. This gives us the opportunity to share the success stories of the many companies who have set up operations in Ireland,” continues McGennis.

 

“In 28 years, I have never seen such a strong pipeline of new jobs coming from existing and new US companies. 75% of non-banking jobs at Sigmar come from US multinationals. Last year we travelled to Washington and Boston, well prepared on what we thought were the topical issues such as Brexit, the Euro, even GDPR. Instead they were all focussed on their needs to set up in Ireland.” 

 

The Ireland Gateway to Europe group comprises banks, property specialists, recruiters, tax advisors, auditors, HR advisors and other professional services and we work collaboratively to get Ireland’s positive message by case studies and data.

 

Says McGennis: It’s great to have specialists who can credibly answer any specific queries these CEOs may have. We have competitors in most sectors but have always worked as a team to get the Irish message across. Indeed, we are very inclusive and always welcome new participants to the group.

 

“In particular, the relationships that we’ve developed with Boston College and Notre Dame University have been incredible in getting access to CEOs, ministers, congressmen and high-profile business leaders. The upcoming American Football games in Dublin in 2020 will give opportunities to further develop these relationships.”

www.gatewaytoeurope.org 

 


 

About the Survey:

The largest survey of its kind, 302 talent leaders from across Ireland took part in the survey, which focused on key talent themes and priorities for the year ahead.  The respondents comprised of senior executives responsible for talent decision making within their respective organisations, ranging from CHROs, CEOs, HR Directors to Heads of HR functions such as L&D, Recruitment, Organisational Development and Performance Management. This is the third year this survey has been conducted. 

 

 

Posted by Jamie Harnett on 13 March 2019

Related Content

Image 2023 03 03 T17 24 29

The Remote-Work Rebound: Hybrid workforce grows by two-thirds, remote workforce down by 54%

The Remote-Work Rebound: Hybrid workforce grows by two-thirds, remote workforce down by 54%

The ​Talent Leaders Pulse Report was commissioned by Sigmar Recruitment as part of Talent Summit 2023.​"The power dynamic between employer and employee is rebalancing after two years of hyper competition, with early signs of a shift back to office. The fallout of remote working has seen employees pitted against employers as we look to sustain flexible working practices and settle on desired places of work. We are witnessing the remote work rebound, with twice as many workers now working a hybrid model over full-time remote. The hybrid workers now make up 51% of the current workforce, while the remote workforce has reduced by 54% within the last 12 months. This reflects employers’ sentiment that 87% of employees do their best work in a hybrid model.”, says Talent Summit founder and Sigmar CCO, Robert Mac Giolla Phádraig.​Talent Summit 2023 Employment Survey Highlights at a glance:Hybrid WorkHybrid workforce grows by two-thirds, remote workforce down by 54% as employees spend more days in office.2023: 51% working hybrid (30% in 2022), 25% full-time remote (44% in 2022) and 24% in-office (26% in 2022). Of the Hybrid workforce more time is spent in-office over the last 12 months: 81% work 2 days or more in 2023 compared to 74% in 2022.Tuesday (68%), Wednesday (78%) and Thursday (67%) are the most popular days to be in-office with Monday (18% ) and Friday (8%) being the least.Employers believe employees do their best work, working a hybrid model (87%), followed by in-office (11%) with full-time remote (7%) considered the least productive model.​Headcount2023 set to see the largest reduction in headcount in the last 5 years with 18% of employers expecting a reduction this year. 62% expect an increase and 20% expect their headcount to remain the same.​HR PrioritiesThe Top 5 priorities for HR for 2023 show competing priorities creating a confusing labour market: (1) retention (2) labour costs (3) recruitment (4) sustaining a dispersed culture (5) performance management.​Pay63% of employees expected to receive a pay rise of 6% in 2023 (the lowest % pay rise in 6 years)​READ THE FULL REPORT​The current labour market is a confusing one and 2023 looks set to be challenging with many contradictions at play which in turn is creating a tug-of-war of work on four main fronts:Workforce: Employers are looking to balance workforce reduction, employee retention and continuous recruitment needs at all once; Work practices: The need to offer individual flexibility to all employees is often at odds with the collective need for greater productivity;Workplace: Work is shifting back to the office with the hybrid workforce spending more days in office and as employers believe employees are least productive full-time remote;Labour Costs: The rise in the cost of living is driving employee salary expectations yet at the same time employers are tightening budgets with economic uncertainty on the horizon.​Commenting on workplace, Mac Giolla Phádraig adds: “The workplace has been the topic of conversation since the pandemic and employers have polarised preferences. The intense competition for talent the last two years has seen employers who favoured in-office, soften their view as employees demanded greater flexibility in a hyper-competitive labour market. As that demand recedes, those employers find their voice once more, albeit veiled in language around performance and challenges around sustainable work practices. The flexibility offered to employees now seems to be rebounding to more days in office.” READ THE FULL REPORT​​ABOUT THIS SURVEYThe Talent Summit Pulse Survey 2023 was commissioned by Sigmar Recruitment as part of Talent Summit 2023. This is the sixth year the study has been conducted, measuring the pulse of Talent Leaders on a range of Talent Topics. 244 talent leaders from across Ireland took part in the study, comprising of senior executives responsible for talent decision making within their respective organisations, ranging from CHROs, CEOs HR Directors to Heads of HR functions such as L&D, Recruitment, Organisational Development and Performance Management.Europe’s largest HR, work and employment conference, Talent Summit 2023 will take place in Dublin’s Convention Centre on Thursday, 9 March, 2023, welcoming 1500 guests.www.talentsummit.ie​

Adobe Stock 301923280

Managing a Remote Workforce

Managing a Remote Workforce

In light of COVID-19, many companies have unexpectedly asked a large cohort of their employees to work from home. Without time to prepare for this, leaders, whose teams normally share an office and who now have been thrown into working from home, have been presented with a host of new challenges. How can one lead effectively when employees are greeting each other with instant messages than face to face interactions? When meetings are held via Microsoft Teams rather than in-person? Read on for our advice for managing a remote workforce.   Clarity of goals, expectations, guidelines   First and foremost, leaders need to prioritise the setting of clear boundaries and guidelines. At its most basic this involves setting clear expectations for work hours, availability, communication methods, meetings, key projects and deadlines, and responding to emails.  For example, “We use video conferencing for our daily check-in meetings, but we use instant messenger/chat when something is urgent”.     After this you need to convey what is success. Don’t worry so much about what is being done, concentrate on what is being accomplished. If we are meeting goals, great! If not, then we need to look further into what is being done. Everyone has a different idea of what doing something “quickly” or “well” means. Whether showing examples of what you expect to be done, an overview of how you schedule your day etc. make sure you set clear expectations from those you work with.    And finally, use this time as an opportunity to re-clarify the basics in order to ensure everyone understands their role and how each person contributes to team objectives. Clarifying and re-clarifying goals will help people understand what is expected of them.       Over communicate    While communication is always essential for leaders, it becomes even more essential when your team is working remotely. A challenge experienced by many when transitioning from in-office work to remote work is the feeling of disconnection and isolation which hinders an employee’s engagement and productivity. Given the current environment and people’s anxiety surrounding COVID-19, this feeling of disconnect and loneliness is probably heightened. Therefore, it is important that you over-communicate with your employees. Your staff members are probably used to talking to you every day so make sure you regularly check-in.     This could be a daily series of one-on-one video calls if your employees work more independently of each other or a team video call if their work is collaborative, or a mix of both. The important aspect is that these calls are a regular feature and that employees know that they have an opportunity to discuss any concerns or ask questions.     Embrace video conferencing and have regular team meetings and continue to foster team morale by taking the time at the start of each meeting for general chat such as asking about people’s weekends, how they are feeling etc.         Trust Being thrust into a remote working environment, as a manger it can be tempting to micromanage. However, doing so will only make your employees feel like you don’t trust them and impact their engagement and productivity. After you have set clear expectations, you must have faith in the employee that they will get the job done. Being trusted to get things done is a big motivator for people.  Finally, as it’s been an abrupt shift to remote work for many, it is important for managers to acknowledge that this transition might be difficult for employees. Listen to your employees’ anxieties and concerns and offer them encouragement and support.    

Company Culture

Keeping Company Culture Alive Across a Remote Workforce

Keeping Company Culture Alive Across a Remote Workforce

With the majority of our teams now working remotely, the challenges of creating and maintaining company culture are evident.  Technology can’t replace what the workplace provides: community, camaraderie and shared purpose. Now, more than ever, maintaining culture matters.  Here are some ideas on instilling company culture across remote employees:     1. Connect Back to Your Values & Purpose For many of our staff currently, working remotely has been unexpected and in the face of a global health crisis, many are at a loss for what to do. For some work may feel insignificant now, so as their manager this is your time to help employees find meaning and reconnect back to your company’s values and purpose. While you may not be a company at the frontline, you still have a positive impact on people’s lives. Remind your employees of how their contributions add up to something much bigger and that we are all in this together!     2. Communication is Key Communication within divisions, one to one, social gatherings, company updates, all need to be consistent. This maintains relationships and promotes inclusivity.    Create an open and transparent communication policy. This allows people to be themselves and feel comfortable reaching out via online chat platforms. Set expectations on communication methods. Where do meetings take place? What tool is for social sharing?    Finally, you need to put an emphasis on positivity in your written communication. With the absence of face to face interactions in virtual conversations, it is easy for tone to be interpreted negatively so you need to be extra careful to be positive.        3. Mimic the Water Cooler Effect As mentioned, many of our staff are currently missing the day-to-day work interactions they have with their colleagues. Therefore, assign a platform where team members can live chat, share files, post photos and collaborate throughout the day to mimic everyday office life.  This can be where some of the best ideas and knowledge can be shared yet at the same time promotes inclusivity and the sense of “team”.     4. Trust In a remote team, there aren't any silly rules about being in your seat during certain hours of the day. This means at the end of the week you either have something to show for your week or not. This means you trust that your teammates are getting something done. But also, that your teammates trust you. To earn that trust you want to make sure you have something to show for your work each week.     5. Focus on Health & Wellbeing In the midst of a global pandemic, now is not the time to forget about your wellness programme when stress and anxiety is elevated. Make sure to check in with remote employees that they are taking breaks, finishing on time, and are maintaining a healthy work-life balance.   Make online workouts available to your employees allowing them to take part in physical activity. Perhaps set a company challenge such as a step challenge to get employees engaged in physical activity and as a plus networking with colleagues. For those struggling with sleep or anxiety, provide access to meditation or breathing courses. And to look after financial wellbeing consider organising webinars on topics such as managing a household budget, how your pension works, setting financial goals etc.      6. Rituals and Traditions Creating traditions with your team members, regardless of how often they happen, helps keep teams cohesive and encourages open communication and trust. Before you were thrown into the digital remote working world, undoubtedly you had traditions in place for how promotions, achievements and even birthdays were recognised. To keep spirits up, it’s crucial you keep celebrating these milestones.      7. Ask for Feedback Finally, the introduction to remote working has been unprecedented for many of us. Therefore, ask employees for honest feedback and suggestions. Use a pulse survey to get real data on this.      "You don’t need everyone physically together to create a strong culture. The best cultures derive from actions people actually take.” Jason Fried and David Heinemeier Hansson, Authors of Remote