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Future-Proofing Your Career: In-Demand Skills & Salary Trends in the Irish Financial Sector
Future-Proofing Your Career: In-Demand Skills & Salary Trends in the Irish Financial Sector
The financial services sector in Ireland has seen a mixed picture in 2023. While overall employment growth had slowed compared to 2022, there have been pockets of strong demand for certain skills and roles.Key TrendsSkills Shortage: There is a shortage of skilled talent across the market, particularly at the supervisor, assistant manager, and manager levels. This has led to companies moving quickly to secure top talent and has increased the prevalence of counteroffers.Central Bank Guidelines: The Central Bank's new guidelines have increased demand for candidates with experience in compliance and risk. There is a particular demand for candidates at a more senior level in PCF-approved positions.Sought-After Talent: The most sought-after talent in 2023 has been in the following areas:Private equityDepositaryCompliance & riskPension administratorsFinancial advisorsSustainability/ESGInsurance Market Growth: The insurance market has continued to grow in 2023, with a number of institutions setting up new functions or growing existing ones in Ireland. This has led to a high demand for candidates in areas such as claims, commercial account executives, underwriting, and loss adjusting.Legal Market Strength: The legal industry remains strong, with a demand for skilled legal professionals across a range of sectors. The most in-demand legal roles include legal counsel, corporate lawyers, company secretaries, funds lawyers, and DPOs.Salary TrendsIncreasing Salaries: The increase in demand for candidates and the shortage of skills have led to rising salaries across the financial services sector. Counteroffers are also becoming more common as companies compete to retain their staff.Faster Hiring Processes: The time it takes to hire a qualified candidate has shortened as candidates have more opportunities available to them. Companies that can move quickly through the hiring process are more likely to secure top talent.Shift Back to In-Person Interviews: There has been a shift back to in-person interviews, which can provide a better candidate experience and increase buy-in from candidates.Advice for JobseekersStay up-to-date on the latest skills and trends: The financial services sector is constantly evolving, so it is important for jobseekers to stay up-to-date on the latest skills and trends. This can be done by attending industry events, reading industry publications, and taking online courses.Network with people in the industry: Networking is essential for jobseekers in the financial services sector. Attend industry events, join professional organizations, and connect with people on LinkedIn.Be prepared to negotiate your salary: With the increase in demand for candidates, jobseekers are in a stronger position to negotiate their salaries. Be prepared to do your research and understand your worth in the market.
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Sales Smarts: Navigating the 2024 Sales Landscape and Unlocking New Opportunities
Sales Smarts: Navigating the 2024 Sales Landscape and Unlocking New Opportunities
The sales jobs market in 2023 was a dynamic and evolving landscape, with both challenges and opportunities for candidates and employers. Here's a comprehensive overview of the key trends shaping the market for 2024: Challenges and Opportunities in Tech SalesThe tech industry, known for its dynamism, has witnessed a surge in layoffs, impacting the availability of opportunities for aspiring sales professionals. From junior to senior roles, the landscape has become more competitive. Employers now face the challenge of attracting candidates who are already employed, necessitating a compelling message that emphasizes aspects such as packages, location, or the unique products or services offered.Flexibility has become a non-negotiable factor in attracting top-tier talent. Companies that offer no flexibility in terms of work location are falling behind, with candidates increasingly expecting hybrid work options.The significance of effective onboarding and aftercare cannot be overstated. In a highly competitive environment, candidates often receive multiple job offers, emphasizing the need for companies to stand out in the recruitment process.Moreover, a noticeable trend is the transition of candidates out of the tech space due to reduced job opportunities and industry-wide uncertainty. Areas of Demand in 2023- Hunter or Business Development Candidates: Companies are actively seeking individuals capable of winning new customers or bringing back lost ones.- Account Managers with Relationship Management Skills: The flip side sees a demand for account managers with strong relationship management skillsets.- Degree-Educated Candidates: Degrees in engineering, science, and construction are highly prized for sales positions where specialized knowledge can be applied.- Industrial and Manufacturing Solutions: Companies selling solutions in industrial and manufacturing environments are experiencing the strongest growth in the Irish market for sales professionals.- Field-Based Representatives: Despite a continued demand for field-based representatives, there's a shortage of junior candidates pursuing this career path.- Language Proficiency: Sales representatives with proficiency in languages like German, Dutch, or French remain in high demand, especially for multinational tech companies. Salaries and Competitive PackagesIn a tight talent market, candidates have the upper hand, prompting employers to offer competitive compensation, robust benefits, and appealing perks. Salaries have seen a significant uptick, and benefits packages are becoming more comprehensive, including healthcare, pensions, and bonuses. Employers face the challenge of counteroffers when targeting highly skilled candidates. Maintaining a competitive edge requires a focus on a positive candidate interview experience and a clear path for career progression.Company cars are still a valuable perk, but questions around the type of car, mileage, and BIK (Benefit in Kind) payments need careful consideration in light of evolving legislation. The rise of electric cars presents both opportunities and challenges, with candidates weighing the benefits against charging infrastructure limitations. Demand for Remote WorkThe demand for hybrid work options has become a key factor in attracting candidates. Employers offering no flexibility on the working environment may encounter significant challenges in recruitment. Commute length plays a pivotal role in a candidate's decision-making process, influencing choices particularly in areas with poor public transport links.While the demand for fully remote roles has decreased, the desire for flexibility and a blend of office and remote work persists. Team collaboration, social connections, and learning opportunities in an office setting remain important to candidates. In summary, the Sales Jobs Market in 2024 will be marked by challenges and opportunities. Navigating these dynamics requires both employers and candidates to adapt to changing preferences and embrace a flexible approach to work arrangements. At Sigmar, we are committed to connecting the right talent with the right opportunities, contact sales@sigmar.ie for all your sales jobs needs.
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Accountancy Jobs Market 2024: A Thriving Landscape for Qualified Professionals
Accountancy Jobs Market 2024: A Thriving Landscape for Qualified Professionals
The accountancy industry has consistently demonstrated its resilience and adaptability in the face of economic challenges, and 2023 was no exception. Despite global economic uncertainties, the demand for qualified accountants remained strong, with a persistent shortage of candidates fuelling competitive hiring practices and salary growth.High Demand for TalentAcross all core areas of accountancy, from audit and tax to financial reporting and management consulting, there was a palpable demand for skilled professionals. This pervasive demand extended beyond traditional industries, with the IT sector emerging as a significant driver of hiring activity. Big Tech companies, though less aggressive in their recruitment compared to previous years, continued to expand their financial teams, and smaller tech firms within the AI and other tech sectors were also actively seeking accountants.Salary Inflation and Permanent OpportunitiesThe tight labour market translated into significant salary increases for accountants. Most jobs experienced a 5-7.5% boost in compensation throughout 2023, and this trend is expected to continue into 2024. The heightened demand for permanent staff has put candidates in a strong bargaining position, enabling them to negotiate favourable compensation packages and seek out opportunities that align with their career goals.Embracing Remote WorkThe accountancy profession is well-suited for remote work arrangements, and the industry has embraced this flexibility with open arms. Approximately 90% of the accountancy jobs Sigmar have recruited for offer some form of hybrid working, allowing professionals to maintain a healthy work-life balance and expand their geographic options.Temporary Market ResilienceWhile the first half of 2023 saw a slowdown in the number of temporary and contract positions, the second half witnessed a notable rebound. Multinational corporations (MNCs) in the tech/software/pharma sectors were particularly active in hiring contractors, boding well for the temporary market in 2024.Salary Premium for ContractorsContract roles continue to offer a substantial salary premium compared to permanent positions, often 10-20% higher. This premium is attributed to the flexibility and reduced overhead costs associated with contractor engagements.Hybrid Working Preferred by Both PartiesCompanies seeking to hire contractors often prioritize those willing to embrace a hybrid work arrangement, typically a 3/2 split between remote and office-based work. This flexibility is appealing to both employers and contractors, as it allows for better focus, productivity, and work-life balance.In summary, the accountancy jobs market in 2023 was characterized by strong demand, salary growth, and a growing preference for remote work. With the temporary market rebounding and contractors commanding a significant salary premium, the outlook for qualified accountants remains exceptionally positive. As the industry continues to evolve and adapt to technological advancements, accountants who possess strong technical skills and a commitment to continuous learning will be well-positioned to thrive in this dynamic and rewarding field.
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Navigating the Construction Job Market: A Comprehensive Guide for Job Seekers
Navigating the Construction Job Market: A Comprehensive Guide for Job Seekers
The construction industry is a dynamic and ever-evolving field, offering a diverse range of career opportunities for individuals with a variety of skills and interests. Whether you're a seasoned professional or a recent graduate, there are numerous paths to success in this rewarding sector.Understanding the Construction LandscapeBefore embarking on your construction job search, it's crucial to gain a comprehensive understanding of the industry's landscape. Familiarise yourself with the different types of construction projects, from residential and commercial buildings to infrastructure projects and heavy engineering works. Research the major construction companies and organisations operating in your area, as well as the various trade unions and associations that represent construction workers.Identifying Your NicheThe construction industry encompasses a wide spectrum of roles and specialisations, catering to individuals with diverse skill sets and career aspirations. Consider your strengths, interests, and experience to identify a niche that aligns with your preferences. Do you thrive in fast-paced environments, working with your hands? Or are you drawn to the analytical side of construction, overseeing project management and planning?Developing Your Skills and ExpertiseWhether you're a seasoned professional or a newcomer to the industry, continuous learning and skill development are essential for career advancement in construction. Enrol in relevant training courses, workshops, and apprenticeships to enhance your technical skills and knowledge of industry standards and safety regulations. Consider pursuing certifications that demonstrate your expertise and commitment to professional development. While technical skills are crucial, soft skills like communication and teamwork are also increasingly valued. Enhance these skills to gain a competitive edge.Networking and Building ConnectionsNetworking is paramount in the construction industry, as it opens doors to new opportunities and allows you to gain valuable insights from experienced professionals. Attend industry events, conferences, and job fairs to connect with potential employers and fellow construction workers. Engage with industry groups and online forums to expand your network and stay updated on the latest trends and developments.Freelance and Contract Work Landscape:The gig economy has reached the construction industry. Freelance and contract work offer flexibility but lack the security of full-time employment. Understand the pros and cons before making decisions.Crafting a Compelling CV and Cover LetterYour resume and cover letter serve as your first impression, so make them count! Tailor your resume to each job application, highlighting relevant skills, experience, and certifications that align with the specific requirements of the position. Craft a compelling cover letter that showcases your passion for construction, your ability to contribute to the company's goals, and your eagerness to learn and grow.Preparing for InterviewsThe construction industry's interview process can be rigorous. Prepare thoroughly, conduct research, and be ready for practical assessments. Interviews often involve discussions of technical skills, project experience, and safety protocols. Be prepared to answer questions about your knowledge of specific construction methods, tools, and equipment. Practice common interview questions and rehearse your responses to project-related scenarios. Demonstrate your enthusiasm and your ability to work effectively in a team environment.Embracing Continuous Learning and GrowthThe construction industry is constantly evolving, with new technologies and techniques emerging at a rapid pace. Embrace a mindset of continuous learning and stay abreast of industry trends and advancements. Attend training courses, workshops, and seminars to expand your knowledge and skillset. Actively seek mentorship from experienced professionals in your field, and don't hesitate to ask questions and seek guidance. For example, with a focus on sustainability this year, there's a growing demand for professionals in green construction. Certifications like LEED can enhance your marketability.Diversity and Inclusion in Construction:Although traditionally male-dominated, the industry is shifting towards diversity and inclusion. Several organisations and government policies in Ireland are working towards promoting diversity and inclusion in the construction sector, including the Construction Industry Federation and the Department for Business, Energy, and Industrial Strategy's (BEIS) Construction Industry Diversity Strategy.Additional Tips for Success in the Construction Job Market· Highlight your safety awareness. Safety is paramount in the construction industry. Emphasize your understanding of safety protocols and your commitment to working in a safe and responsible manner.· Demonstrate your problem-solving skills. Construction often presents unexpected challenges and requires quick thinking and adaptability. Showcase your ability to analyse situations, identify solutions, and implement effective solutions.· Emphasise your teamwork skills. Collaboration is essential for success in the construction industry. Highlight your ability to work effectively with others, communicate clearly, and contribute to a positive and productive team environment.· Stay up to date with industry regulations. Construction projects are subject to a variety of regulations and standards. Stay informed about relevant regulations and demonstrate your commitment to adhering to industry-wide standards. Recommended Online Courses for Career Progression:1. QA Level 5 Diploma in Construction Project Management - This online course will help you gain an in-depth understanding of construction project management principles, techniques, and tools.2. Code 360 Online Building and Construction Technology Course - This online course covers a range of topics such as building design and analysis, construction systems and technologies, and sustainable building practices.3. Online CE CPD course for Engineers - This course will help you keep up to date with the latest developments in the engineering industry, including new codes, standards, and technologies.The construction job market is complex, influenced by economic conditions, technology, and social trends. Proactive steps, including upskilling, networking, and leveraging industry resources, improve your chances of success. Despite the challenges, with the right strategy, you can build a fulfilling career in construction.Best of luck with your construction job search! If you'd like to discuss a new role, or just need advice on your journey please feel free to contact our experienced construction recruitment team at construction@sigmar.ie or call 014744600 for a confidential discussion.
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IT Jobs Market 2024: Capitalising on Ireland's Thriving Tech Landscape
IT Jobs Market 2024: Capitalising on Ireland's Thriving Tech Landscape
Ireland's IT job market in 2024 is a dynamic landscape, reflecting the country's status as a global tech hub. With over 106,000 people employed in the Information and Communication Technology (ICT) industry, Ireland boasts a robust ecosystem hosting 16 of the top 20 global tech companies, including the top 3 enterprise software providers with their headquarters located here.Investment and Employment Trends:The momentum in Ireland's IT sector continues to surge, with 139 investments secured in the first half of 2023. These investments are expected to generate over 12,000 jobs in 2024, aligning with the consistent strong investment flows seen since 2015. Notably, 48% of these investments have been approved for regional locations, showcasing a commitment to spreading the benefits of the tech boom across the country.Innovation and Talent Pipeline:Ireland's commitment to Research, Development, and Innovation (RD&I) is evident in the 25 projects initiated in 2023, surpassing the previous year's achievements. The focus on sustainability projects and transformative investments reflects a shift in client priorities. Ireland maintains one of Europe's strongest talent pipelines for STEM, aided by extensive government support and investment in skills programs.Areas of Skill Demand:Persistent skills shortages persist due to intense competition, creating challenges for employers. Key areas of demand include software engineering (DevOps, Java, Python, .NET, React, and Angular Js), Site Reliability Engineers, DevSecOps, Information Security, Cloud Engineers, Business Analysts, Project/Program Managers, Quality Assurance (QA) professionals, and roles in Data Engineering and Data Science. The move toward automated processes also fuels demand for Software Development Engineers in Test (SDET) and Robotic Process Automation (RPA) roles.Executive-Level Positions:Ireland's substantial talent pool extends to executive-level positions, with high demand for Software Engineering Managers to Chief Technology Officers (CTOs). The influx of Foreign Direct Investment (FDI) entrants sustains this demand.Salaries and Competitive Packages:In a competitive talent market, salaries have increased but stabilized. Companies are enhancing benefits packages, with a significant focus on healthcare, pensions, and bonuses. The use of sign-on bonuses has emerged as a strategy to attract and retain top talent, reflecting the ongoing battle for skilled professionals. Employers are increasingly mindful of individualized employee experiences in areas such as collaboration, cultural equity, and employee well-being.Demand for Remote Work:The IT job market reflects a new era of flexible working arrangements, with companies prioritizing employee well-being and satisfaction. The term "hybrid" has given way to a more adaptable approach, responding to the needs and preferences of both employers and employees. Companies are recognizing the importance of flexibility in recruitment and retention strategies.Contractors in High Demand:Contract roles in Cloud, Data, and Software Development are experiencing increased demand, with both large organisations and SMEs tapping into the contractor talent pool. Permanent salaries now rival contractor daily rates due to market inflation, prompting businesses to use contractors to supplement their workforce. Outsourced IT functions are on the rise, particularly for commercially focused IT positions and infrastructure support. The acceptance of remote work arrangements has further opened up opportunities for contractors across different regions in Ireland.As Ireland's IT job market evolves in 2024, the key to success for both employers and employees lies in adaptability. The continued influx of investments, focus on innovation, and the demand for diverse skill sets position Ireland as a vibrant hub for technology professionals. Employers must navigate the competitive landscape by offering attractive packages and prioritizing employee experiences, while professionals can explore a wealth of opportunities in a market that values flexibility, innovation, and expertise.
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Signs of Recruitment Fraud
Signs of Recruitment Fraud
Sigmar Recruitment are issuing a warning to job seekers about scammers who are pretending to be Sigmar consultants. These scammers are using a variety of methods to contact potential victims, including social media, email, and text message.Here are some signs of recruitment fraud that we are asking job seekers to be aware of:Asking for money: Legitimate employers and hiring managers do not require an application fee or expect you to pay for training.Upfront requests for sensitive information: Sensitive information (like your PPS number, date of birth, or bank account information) should never be a part of the early recruitment process.Fraudulent use of company information: Scammers can be quite adept at producing convincing communication, even using (without authorization) the name and logo of a well-known company. Generic company email addresses: Sigmar recruiters will only contact you via email or LinkedIn. They do not use their personal Facebook or Instagram accounts to promote jobs or contact candidates. That said, it’s all too easy for scammers to create an email or social media post that looks legitimate. When in doubt, don’t respond. Instead, go directly to the company’s website and check their page.Only using texts and online chats: Some recruitment scams have migrated to texts or online chats such as WhatsApp. Sigmar will never contact you first on WhatsApp. Initial outreach will always be through LinkedIn or official Sigmar phone numbers and email addresses.If it seems too good to be true: If a company is fast-tracking you, contacting you within an hour of applying, and doesn't require an interview or checking references, it's probably a scam.Sigmar Recruitment are asking job seekers to be vigilant and to report any suspicious activity. If you are unsure whether or not a job posting is legitimate, you can contact Sigmar directly to verify.Here are some additional tips to protect yourself from recruitment fraud:Do your research on the company before applying.Be suspicious of any job posting that requires you to pay money or provide personal information upfront.Do not click on links or open attachments in emails from unknown senders.Be wary of job postings or salaries that seem too good to be true.Trust your gut! If you feel something isn't right, it probably isn't.Sigmar Recruitment is committed to providing a safe and positive job search experience for all job seekers. By being aware of the signs of recruitment fraud and taking steps to protect yourself, you can help to ensure that your job search is a success.If you see suspicious posts or get questionable messages, don't engage. Please block the scammer, flag the message as spam, and report.
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Sigmar Scoops Best in Practice Pharma, Engineering & Science at the ERF Awards 2023
Sigmar Scoops Best in Practice Pharma, Engineering & Science at the ERF Awards 2023
Sigmar was honoured to win “Best in Practice in Pharma, Engineering & Science” at the 2023 Employment & Recruitment Federation Awards on Friday. Commenting on the achievement, Mike McDonagh, COO of Sigmar Recruitment said:“Our Life Sciences, Engineering and Technical team are a brilliant example of how specialist recruitment should be done. They immerse themselves in the fields they recruit in which means they have a great understanding of where both their clients and candidates are coming from. They can react quickly, manage processes carefully and to a successful conclusion and they can fill those hard-to-fill jobs where others can’t. They also don’t give up, which I think gives them that last 1% you need. I’m immensely proud of the team and delighted they have received this recognition.” A huge well done also to our recruitment consultants Marcel Skolimowski and Fiona Joyce on being shortlisted for Permanent & Temporary Recruitment Consultant of the Year on the night also. The ERF awards took place in the Shelbourne Hotel and was attended by over 360 guests. The awards are designed to identify and reward excellence in recruitment in Ireland and is judged by an independent panel, including representatives from the international recruitment sector, the National College of Ireland and CIPD.A huge congratulations to all of our fellow ERF Award winners and nominees. Visit the Employment & Recruitment Federation website to see a full list of the 2023 winners.
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HR skills hiring managers want to see on your CV
HR skills hiring managers want to see on your CV
Human resources (HR) professionals play a vital role in any organisation, from small businesses to large corporations. They are responsible for a wide range of tasks, including recruitment, onboarding, training and development, performance management, employee relations, and compensation and benefits.If you are interested in pursuing a career in HR, there are a number of skills that you should highlight on your CV to make yourself a more attractive candidate to hiring managers.Here are some of the most sought-after HR skills:Communication skills: HR professionals must be able to communicate effectively with a variety of stakeholders, including employees, managers, executives, and external vendors. They need to be able to write clear and concise reports, give presentations, and have difficult conversations in a professional and respectful manner.Organisational skills: HR professionals often must juggle multiple tasks and deadlines simultaneously. They need to be able to prioritize their work, manage their time effectively, and meet deadlines.Problem-solving skills: HR professionals are regularly faced with challenges and problems that need to be solved. They need to be able to think critically and creatively to come up with solutions that are fair and beneficial to all parties involved.Interpersonal skills: HR professionals need to be able to build rapport and trust with employees at all levels of the organisation. They need to be able to listen empathetically, resolve conflict, and provide support and guidance.Technical skills: Many HR departments now use HR software and other technology to manage their operations. HR professionals need to be familiar with these tools and be able to use them effectively.In addition to these general skills, hiring managers may also look for specific HR skills and experience depending on the role they are hiring for. For example, if you are applying for a role in HR recruiting, hiring managers may want to see experience with conducting job interviews, screening resumes, and negotiating salaries.When highlighting your HR skills on your CV, be sure to use specific examples and keywords to demonstrate your abilities. For example, instead of simply saying that you have "excellent communication skills," you could say something like, "Managed a team of 10 HR professionals and successfully communicated complex HR policies and procedures to employees."You should also tailor your CV to each specific job that you apply for. Be sure to read the job description carefully and highlight the skills and experience that are most relevant to the role.Check out our current HR vacancies here:HR OfficerSalary: €33,000Location: SwordsHR GeneralistSalary: €35,000-45,000Location: GalwayHead of HRSalary: €85,000 - 90,000Location: Kilkenny
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Find Your Next Opportunity with Our New IT Contractor Hub
Find Your Next Opportunity with Our New IT Contractor Hub
If you're an IT contractor looking for your next opportunity, be sure to check out our new IT Contractor Hub linked here. This hub is a one-stop shop for everything you need to know about IT contracting, including:A directory of IT contracting jobs:Browse tonnes of IT contracting jobs, and filter them by your skills, experience, and location.Tips for finding and landing IT contracting jobs:Get advice from experts on how to write a winning C.V, ace your interview, and negotiate your rate.Resources for IT contractors:Find information on everything from taxes and benefits to professional development and networking.Whether you're new to IT contracting or a seasoned pro, the IT Contractor Hub has something for you. So head on over and start your search for your next great opportunity!Here are some of the benefits of using our IT Contractor Hub:Find the perfect job for your skills and experience.Our job directory is searchable by keyword, location, and other criteria, so you can easily find jobs that are a good fit for you.Save time and effort.You can apply for jobs directly from our website, without having to visit multiple different job boards.Get expert advice and support.Our team of experienced IT recruiters is here to help you with every step of the job search process, from writing your resume to negotiating your salary.To get started, simply visit our IT Contractor Hub and create a Sigmar profile. Once your profile is complete, you can start browsing jobs and applying. We're here to help you every step of the way, so don't hesitate to contact us if you have any questions atit@sigmar.ie