Download - Salary Guide Ireland 2021 (PDF) Executive Summary From Adie McGennis, CEO We thought we had seen it all! If someone said in January; that most of us would fundamentally change the way we work (possibly forever), that some markets would be down over 80%, that we’d all feel awkward when not wearing a mask, that we couldn’t meet any clients or candidates for most of the year, that international travel would be nearly impossible, and that in Ireland record levels of employment would turn to record levels of unemployment in a few weeks; you would probably expect a more volatile salary comparison guide at the end of 2020. Indeed, the personal and health toll for many puts business considerations in context, so we wish everyone well, good health and wellbeing. Obviously, some areas suffered more than others and many areas even thrived, but overall, the stability in professional salaries may be the remarkable aspect of 2020! Generally, in volatile times temporary and contract work increases and this was very much the case in 2020. Many companies had to deal with a rapidly changing landscape in terms of their market, remote work, government supports and varying degrees of lockdown. Progressive companies hired professionals on a temporary or contract basis, and even on a remote basis, so demand and rates did increase for contractors in areas such as IT. We see this continuing even as the rate of change is slowing and hopefully stabilising. For some years now, we have been talking about career plans being fluid and dynamic, and flexibility and contracting increasing. This definitely took a leap forward in 2020. Sector wise, life sciences, including pharmaceutical got increasingly busy throughout the year and from R&D to manufacturing to distribution, this looks set to continue growing for the next few years. Financial Services was more challenging, as their market and way of work changed so quickly. Certainly, towards the end of the year it seems to be stabilising. At the end of 2020 Brexit is again looming and Dublin’s and London’s financial services will experience change and opportunity as well as challenges, for at least the next few years. Construction really slowed in 2020, but again steadily picking up in last few months, as general demand returns but also the way construction sites work has evolved. As a group generally SMEs in Ireland handled the craziness really well. Agility, pivoting and bootstrapping seemed like management school concepts until out of necessity, many businesses changed their model, their cost base, their strategy, and their mentality very quickly to go from Survive to Thrive in a few months. So many inspirational stories. They deserve the opportunities that we hope an improving landscape will present. So, our outlook for Ireland in 2021 is positive. There will be more challenges in coming months, but we are optimistic that the general picture will improve. From a national perspective the short-term funding required will necessitate strong budget management in coming years to enable businesses to grow back. Ireland still carries a lot of debt and politically there may be pressure to increase public expenditure beyond sustainable rates. But as long as we get this right, we have every reason to be optimistic and put 2020 down to learning experience. Download Salary Guide Ireland 2021 (PDF) Salary Guide 2021 by department Accountancy & Finance Construction & Property Services Financial Services HR Insurance IT Legal & Compliance Life Sciences Manufacturing & Engineering Marketing Multilingual Office Support Sales Supply Chain
We’ve all got responsibilities such as working and building a career, running a household and/or raising children which can all be very overwhelming and lead to lots of stress. Here are 10 things you can do to start feeling better and minimising stress: 1. Identify causes of stress What triggers your stressful feelings? Are they related to your workplace, children and family, friendships, finances or something else? Once you’ve identified the trigger, you can get down to the root of your stress and find the best ways to handle it. 2. Recognize how you deal with stress Are you using unhealthy behaviours to cope with work or life stress? For example are you using sleep deprivation, smoking, consumption of alcohol or junk food as a means of coping? 3. Get a good night’s sleep A lack of sleep can result in an increase in stress as a person will not be able to stay focused at work. Sleep deprivation also impairs our decision making ability as we are unable to think clearly. Getting 8 hours sleep a night will help improve a person’s health as you will be able to stay alert throughout the day. 4. Eat a balanced diet Hectic work schedules leave us short on time to prepare healthy meals for ourselves and people then have a tendency to grab fast foods. However eating a balanced nutritional diet will help you stay healthy and keep your brain alert. Deficiency in food nutrients such as lack of vitamin B in the body can result in depression and irritability. Also when a person is under stress, vitamins C and E may be lost. 5. Exercise When you exercise, your brain produces “feel good” transmitters called endorphins. Producing these endorphins will help you deal with stress healthily as people who exercise regularly have more energy. 6. Stay organized It is an overwhelming feeling to think that there are not enough hours in the day. Therefore it is imperative that you manage your time. Come up with a daily plan and keep a diary to keep yourself on track. 7. Do not procrastinate Work piles up when you keep on delaying tasks. There is no use putting off for tomorrow what can be done today. 8. Don’t take on more than you can handle at work Avoid creating your own stress by over-scheduling and failing to say no when too much is asked. Don’t overpromise, and give yourself time to finish the things you do agree to tackle. Don’t be afraid to ask for help/delegate if you can’t meet all the demands placed on you. 9. Ask for support Accepting a hand from supportive friends and family can help you persevere during stressful times. If you continue to feel overwhelmed by stress, you may want to talk to a psychologist who can help you manage stress. 10. Finally, treat yourself When you accomplish a personal goal or finish a project, do something nice for yourself. Go out for a round of golf with friends or take a weekend break with your family. Treating yourself between tasks can help take the edge off and prepare you for the next challenge.
Contracting work is certainly becoming more and more common in Ireland today, and it’s not just in IT. In Financial Services we are seeing a growing demand for contract employees, particularly in the fund servicing industry. Below are several pros and cons to contracting to help jobseekers make an educated decision on their next appointment. Many individuals are open to the idea of more short term, project based work but it depends on whether or not this would be a suitable option for them. Sigmar recruits for a wide range of contracts for a number of clients nationwide ranging from project manager/business analyst implementation roles to operational positions so the sky is the limit in terms of finding a contract positions that would suit you. The premise of this article is not to persuade people to adopt contract work, but to weigh up the pros and cons of contracting and hopefully open up a few minds in the process. Mostly geared towards the fund servicing industry, professionals from other sectors can take some value from this. Looking at the table we see some good arguments on both sides of the coin. What it really comes down to however, is the individual. Depending on your situation certain points will carry more or less weight. Like, for example, if you’re planning a family or looking for a mortgage, job security and benefits (maternity leave in this case) contract working would not be your best option. Before considering contract employment in your sector though, it’s important to understand the market first. Research trends, and identify the skills that are in demand. A good starting point is checking out salary surveys which are published annually by credible recruitment agencies. Sigmar's Salary Survey 2017 gives expert insights into the market, reviewing trends and offering insight into how things are likely to unfold over the year ahead.
The one question I am always asked when preparing a candidate for an interview is “how do I answer the weakness question?” The worst reaction you can have to this question is to say I don’t have a weakness. Everyone has a weakness and the reason the interviewer is asking this question is to see how you act outside your comfort zone. People often make the common mistake of trying to turn a negative into a positive. An example of this would be I’m a perfectionist or I work too hard. These answers are boring and show the interviewer you have put very little thought into his/her question. Also you are not actually answering the question you’re just trying to put a clever spin on it.Another mistake candidates make is being too honest. Never mention a weakness that you have if it is going to stop you from getting the job. So don’t answer “I’m lazy” or that “I’m always late” as this is not what your potential new employer wants to hear. The trick to answering this is in the same way you would answer any interview question and that’s by preparing your answer in advance. It can be very difficult to talk about your flaws in a stressful situation like an interview so make sure you spend time preparing your answer. These are a few ways to best answer the weakness question: 1. Pick a weakness that is acceptable for the job Don’t pick a skill or requirement that is on the job spec that you don’t have and say it is your main weakness. This will only put doubt into the interviewers head. 2. Pick a weakness that you can develop For this type of answer you might think of an example where you had a weakness but developed it over the course of your time in prior employment. 3. Describe your weakness in a concise way Don’t go into loads of detail on this question. They are asking you your weakness so be brief and don’t come across as negative. A common answer that candidates often use when asked the weakness question is on their delegation skills. Here you can mention a time when you used to have the mentality that only you could do the job but over time you realised that it was actually slowing the work down and by delegating to other staff members the job was done quicker. This answer is perfect to give but it depends on what job you are going for. If you are going for a managerial role where managing and delegating work will be part of your job description then don’t use delegating as your weakness. Every question in an interview is an opportunity for you to sell yourself, so it is important you never miss a genuine opportunity and the weakness question is no different. Treat it like you would any interview questions that you find hard and prepare your answer.
Your CV is your sales document. Make sure to target your CV for each job you apply for. Your CV should mirror the job spec of the job you are applying for, ticking all of the requirements for the role. Create a first draft Write all your qualifications, experience, employment history, personal history, hobbies and interests, including all relevant information under headings. Now write down everything you’ve gained personally from these experiences – skills, insights, personal growth (in paragraphs). At this stage just write as many pages as you need to get the brainstorming process done – only later on will we be concerned with cutting it down. Filter out the unimportant You can’t tell potential employers your entire history, but you can highlight the important details for them: these will include skills, insights and abilities that you have been able to develop, as well as your academic qualifcations and what you gained from your studies and experience. Keep it concise Eliminate unnecessary details. HR departments have lots to do, so don’t make the mistake of asking them to read through an unnecessarily long CV. HR departments won’t read a lengthy CV if they are short on time, short on patience, or have a lot of CVs to wade through. Remember that there may be a pile of CVs a foot high for some positions! CV’s should be around two pages in length, although it may be longer if you have to describe a lot of relevant work experience. Even a two page CV is of no advantage if it’s full of information that isn’t reasonably applicable to the position you’re qualified or applying for. Use the space only if you need it to fully disclose your accomplishments. Include the Basic information Even if you have entered this information into this site, you should still include it on your CV. When the recruiter makes the call to say you have been accepted, your CV is the only document he or she will hold in their hands. Make sure it at least has all your personal information such as: Name Address Telephone Number Date of Birth Nationality, including visa and work permit status Languages (level for both written and verbal Driving License (if you have one) State long term objectives What are your short and long term career aims and objectives? Do you have any preferences for the type of work you want to undertake? (Don’t be too restrictive. It is better to be general about your career aspirations at this stage, for example, Business Related, IT). Don’t include short term objectives Your short-term objectives should be clearly articulated in your cover letter. If you do include objectives, be specific. Vague statements, such as “Looking to utilise my marketing skills” or “seeking a rewarding position” add nothing to a CV and may in fact make you appear insincere. Include your Employment history All your employment is important whether it is part-time, temporary, voluntary, vacation work or Saturday only. It should be presented in reverse chronological order, most recent first. Give dates, name of employer, job titles etc. Include your Education history List your most recent qualifications first, including: Dates, Institution – Name of Degree Course etc Degree Classification. It is not necessary to list all the modulesyou have studied Technical qualifications Achievements / Positions of Responsibility Include Hobbies / Interests Be Positive! Use “power words” such as “developed,” “managed,” and “designed” to emphasise your accomplishments. Stick your chest out and don’t be afraid to tell people what you’ve done. Produce a well-organised professional document You’ll generate a better response from your curriculum vitae if it is well organised and is packed with relevant information to match and support your professional, academic or career objective. Be honest! There is a huge difference between making the most of your experience and exaggerating or falsifying it. A falsified CV can be easily spotted by a recruiter or employer (if not immediately then certainly through the interview process), and if it doesn’t prevent you from getting the job, it will cost you the job later on. Use good document layout Make your CV easy on the eyes. Use normal margins (one inch at the top and bottom, one and a quarter inch on the sides) and don’t cram your information onto the page. Allow for some “white space” between the different sections. Avoid unusual or exotic font styles; use simple fonts with a professional look. Do not use more than two fonts throughout the entire document. If you aren’t sure of the fonts to use, try a sans-serif font like Arial or Helvetica for the headings, and a serif font such as Times Roman for the rest of the text. Put the good stuff at the start One big mistake that job seekers often make is to list very important data in the lower sections of their job descriptions. As you compile statements for your CV, prioritise them by importance, impressiveness and relevance to the job you want. Remember that a strong statement, which uses power words and quantifies, will affect every statement under it. Re-read! Read through your CV. Ask someone else to read through your CV carefully once you are finished. When you have been working on your CV for hours, it can be difficult to spot the errors.