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Thoughts on the Market Ireland has a long tradition of attracting manufacturing facilities from major life sciences companies and the life sciences sector in Ireland has continued to grow strongly in the last decade. There are now over 60,000 people employed in the industry, either directly or indirectly. This trend looks set to continue into 2018 with major expansions of many of the big pharma players across the country. The IDA reports the biopharmaceutical industry has made a capital investment of approximately €8 billion in new facilities in Ireland, predominantly in the last 10 years. This represents one of the largest investments in new biotech facilities anywhere in the world. Out of the world’s twenty-five largest independent, public biotech and pharma companies, Ireland is home to twenty-four of them. However recent figures put the number of pharmaceutical companies operating here at approximately seventy-five. While many of the large companies are major sources of employment here, new smaller start-up companies are also seeking out Ireland as a new home which is exciting in terms of R&D. The growth of the biologics and biopharma industry in Ireland reflects current global trends. According to The Irish Times, sales of biologics products look set to grow by 10% in the next eight years. Given anticipated expansion and growth of new sites here in Ireland, it is estimated that there will be almost 8,500 potential job openings arising within the biopharma industry in Ireland over the next five years. These investments promise the life sciences sector in Ireland will continue to thrive, with strong pharmaceutical hubs based in Dublin and Cork, and rapidly developing areas in Sligo, Waterford and Mayo. The future career opportunities for the scientific workforce is looking very strong for 2018 and beyond. Salaries As further investment continues within Ireland the salaries and remuneration packages are going to increase. With the candidate market so strong and increasing demand for even junior positions, this is driving up already inflationary wage rates across the country as companies try to keep staff. Companies are also implementing various initiatives including flexible work hours, remote working and more to improve their employer brand and ensure they stay ahead of the competition. Top Tip for 2019 Make the most of your network and get involved with as many work-related projects possible to improve your skill set. Contract or short-term placements, in the fields you’d like to work in, can be a great way to break into the relevant sector e.g. move from QC to QA. Looking for a science job? Check out our latest jobs here
Ireland’s unemployment rate of 5.3% has certainly dramatically improved from near 16% in 2012. More people are working in Ireland than ever, which is very positive. The drive to get more business into the regions and outside the main cities is on-going and working. Pressure on housing relative to other major cities, may be overstated but it is in everyone’s interest to balance employment in regional areas. Salary inflation has been increasing in specific areas (IT, legal/compliance, data security, life sciences, banking) and in many cases experienced double digit percentage increases. Ireland is still relatively attractive to mobile European talent, but there has been pressure on salaries because of unprecedented demand. Benefits are increasingly a consideration for applicants, particularly in the technology world where flexible working is becoming the expected norm rather than a differentiating factor. There is no question that the employers who are winning “talent battles” are really looking at their employee experience and also their applicant experience more closely than ever. Effective employer branding was a novelty a few years ago, but now essential in attracting top talent. The good news is that successful employer branding works and ensures salary inflation is not excessive and hiring new talent is controllable Overall, 2019 looks likely to be an interesting year, but as long as we stay competitive and offer some flexibility, Ireland has every reason to believe we can continue to outperform other countries in the war for talent! 2019 Salary Guides for each discipline: Accountancy & Finance Banking & Financial Services Construction & Property Services HR Insurance IT Legal & Compliance Manufacturing & Engineering Marketing Multilingual Office Support Sales Software Sales Science & Pharma Supply Chain
As a whole the Medical Device Technology Industry is estimated to be worth somewhere between 173-193 billion euro and Ireland are the second biggest exporter of medical technology in Europe with giants like Boston Scientific and Medtronic employing 5200 and 4500 respectively in Ireland alone. The main area of expertise lies in Cardiovascular (Abbott, Medtronic and Boston) but there are plenty of Orthopaedic (J&J and DePuy) and Diagnostic (Beckman Coulter) MedTech companies too. The West of Ireland specifically has roughly 40% of the employment in the MedTech sector and 31% of that is stationed in Galway city and county. Eight of world’s top ten med tech companies are established here. The only downside…the companies in the West need more Engineers as their growth is surpassing the local development of graduates. So why not be part of the wave of new job opportunities washing over the West? Galway – the beating heart of the Medical Device Sector It’s a well-known fact that Dublin has overtaken London as the most expensive city to live in Europe. It’s also far to say that there is plenty on offer across the south in the biomedical engineering sector, but it is spread very far apart with one location not necessarily leading the way. It’s also no secret that multinational MedTech companies have identified Ireland as one of the best companies to develop their excellence, manufacturing and R&D operations. Don’t worry though as the Wild Atlantic West has plenty to offer and particularly in the MedTech hub, Galway. With the IDA developing Parkmore, Mervue and the other business parks and with most of the working professionals either directly or indirectly employed by a MedTech business, the future seems as bright for the West Coast of the emerald isle. Galway also has a thriving cultural scene, even winning the European Capital of Culture for 2020 where they aim to flood the city with cultural activities and tap into the deep history and sense of community. Galway has been named UNESCO city of film and awarded the European green leaf award as the most environmentally sustainable small city. Start-ups or Multinationals? The choice is yours! Whether you’re looking to get into an established company and to learn from the best in product excellence and R&D like Boston, Medtronic or Merit or have your heart set on getting into that niche start-up and making a life changing new product, thereby claiming your place in the Global Medtech Innovation. There is so much opportunity. A client of ours made waves after starting off in the engineering start-up program with NUIG by making ground breaking neurovascular devices and were recently acquired by J&J to help the Galway based site grow further with a global network of sister sites in America and Europe to help with manufacturing, compliance and product development. Similarly, another start-up called Novate was sold in a deal worth up to $150m due to their success in developing a blood filter. Also, with the likes of Capsos, Neosurgical and Veryan there is a large possibility, the amazing ability of the Irish and particularly Galway to innovate will continue strong, further adding to the vast opportunities for Engineers here in the West. Start-ups aren’t the only ones pushing the boundaries in Research and Development as Boston had 21 successful patent applications last year for their Galway site. They are also the largest medical device employer in Ireland and the Watchman implant has the MedTech sector very excited. Medtronic too have added the likes of Covidien life support products to their growing catalogue and founded their global site of excellence and development here in Galway for a reason, the continued success of the Galway talent pool to innovate and improve patients’ lives. Similarly, academic studies into MedTech are securing massive investment such as the Cúram research centre at NUI Galway (NUIG) which secured 22 million in funding from the EU. Finally, a key aspect which many of the MedTech companies here are involved in is Additive Manufacturing and the research of 3D Printed medical device solutions. Specialists in Polymers, Compliance/Regulatory Affairs and Manufacturing will have their choice of the lot when it comes to the jobs of the future. Innovation has been and will continue to be a massive part of the West’s success story in Medical Devices. Why the West? From Sea Sessions (outdoor music festival on the Atlantic coast which is not to be missed) in Donegal, Other Voices (an unmissable acoustic experience in Mayo) and the Galway International Arts Festival. The music scene has something to be seen and heard all year long. Galway has become renowned for attracting the music stars of the future, with no small mention to Ed Sheeran who busked and based a world-famous song on the city. If trad music is what your searching for, Sligo Live or one of the many traditional pubs will be sure to give you a great night out. Regarding food, the Galway farmers market has a baffling variety of Indian, German, traditional Irish and even more types of cuisine. Similarly, the likes of Kai (Awarded Michelin Bib), Cava, Dela, Ard Bia and the Galway Bay Brewery (Several best in Ireland beer awards) all have fantastic locally sourced food but as a whole Galway has been highlighted as the Gastronomic must visit city of Ireland. Sport-wise and activity wise, there are plenty of local sport clubs across the city and suburbs to join with the Medical Device companies offering sports and social clubs too. Also, Connacht have enjoyed plenty of success domestically and in internationally. The Sportsground is very centrally located and is always worth a visit. Croagh Patrick and Westport offers a decent challenge to mountain and hill climbers with spectacular views. As annual exports of medical devices valued at over 7 billion euros it would only make sense that investment has been made to further develop the infrastructure in the West of Ireland. With two airports, both seeing increased global services including regular flights to the UK and Germany from Knock and massive long-haul flights departing from Shannon as of late, the west is well serviced. Also, it is very well connected by road and rail to the other beautiful parts of Ireland. It’s hard to argue with how amazing the West of Ireland and how much further potential it has is. With a bright future in the medical device sector, come visit us or contact us directly for all of the details on the top jobs in MedTech here in the West of Ireland.
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.
Our life sciences recruitment team works effectively for large international pharmaceutical, medical device and other scientific companies in relation to sourcing a broad range of technical vacancies. Our team is particularly strong in relation to industry technical knowledge, client engagement,
and delivery of talented candidates for open positions.
13 Hume St, Dublin D02 F861, Ireland.
39 Fitzwilliam Place, Dublin D02 ND61, Ireland (Sales, Multilingual, Supply Chain)
Tel: + 353 1 4744 600
Fax: + 353 1 4744 641
1 Georges Quay, Cork City, Cork T12 X0DX, Ireland
Tel: +353 21 431 5770
Fax: +353 21 431 6407
4th Floor, Dockgate, Dock Road,
Galway H91 PC04, Ireland.
Tel: + 353 91 563868
14 Sean Costello Street, Athlone, Co. Westmeath, N37 R970
Tel: 090 641 3973
Liber House, Monavalley Business Park,
Tralee, Co. Kerry
Tel: + 353 (0)66 4012325