Economy | Collins McNicholas

The Year in Recruitment 2016

The Year in Recruitment 20162016 was another good year for job growth in Ireland. Over the course of the year, unemployment dropped from 8.9% to 7.2%, to reach an eight year low. Foreign Investment IDA Ireland companies performed very well in 2016, with employment by overseas companies almost reaching the 200,000 mark. These companies created just under 19,000 jobs and had the lowest level of job losses in 19 years, giving them a net job increase of 11,842 jobs in 2016. More importantly, every region of the country experienced a net job increase. It is vital that more jobs are created outside of the main urban centres. Dublin has enjoyed strong job growth for a few years but economic recovery has been slower to arrive to the more rural parts of the country. This makes the net job increase in each region by IDA companies particularly significant. International services, financial services, pharmaceuticals and medical devices were all cited by IDA Ireland as sectors that provided robust job growth. Collins McNicholas Director Michelle Murphy emphasised the importance of the projects happening outside of Dublin, particularly in the West: ‘We are seeing more large scale investment in regional locations. Companies such as Zeltiq and Siteminder, both of whom invested in Galway this year, are realising the depth of talent that is available throughout the country. The quality of the workforce, combined with lower overall costs, makes these locations attractive to multinationals investing in Ireland, and in the process generate vital regional employment.’ Migration Ireland has experienced net inward migration for the first time since 2009. Irish nationals, however, continue to experience net outward migration, but at a much lower level than even 12 months ago. The number of Irish nationals returning to Ireland increased by 74% over 12 months to April 2016. This is a very positive trend, with many of those returning possessing 3rd level qualifications and a significant amount of professional experience developed in their time overseas. ‘This is something we saw at our recent Home for Work events,’ acknowledged Collins McNicholas Director Antoinette O’Flaherty, ‘ where we met a large number of people that were interested in moving back to Ireland and wanted to explore their options before they committed to moving home. The main concerns that people had were whether there are opportunities in their specific field of employment within their preferred regional locations.’ Looking Ahead Commenting on the jobs market at the end of 2016 Niall Murray, Managing Director of Collins McNicholas Recruitment, said: ‘Overall, 2016 has been a very positive year for job creation in Ireland. Major international companies have continued to invest strongly, job growth in the regions has noticeably improved, and the demand for graduates with third level qualifications, particularly in STEM subjects, is increasing. I expect job creation to continue improving over the next 12 months with property costs and availability in Dublin and Cork potentially leading more companies to invest in vibrant regional locations.’ Niall Murray Managing Director Collins McNicholas Recruitment & HR Services...

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Invest4Success Event Showcases the Potential of the Upper Shannon Erne Region

My colleague Ita Hodder & I attended the Invest4success event in Croke Park last Thursday afternoon on behalf of Collins McNicholas. The event was a great success, showcasing some of the established and upcoming businesses in the upper Shannon Erne region. There were representations from businesses in counties Leitrim, Cavan, Roscommon & Longford all discussing the potential for investors, partnerships and employment opportunities in the region. Basing the event in Dublin offered an opportunity to reach a wider audience and in particular the diaspora living outside the area. The event was well attended and we heard some very positive presentations from Abbott Diagnostics, Vistamed and Cora Systems, who spoke of their commitment to the region and their continued growth. Some of the other businesses exhibiting on the day included; ATA Group, Masonite, Merenda, Obelisk, Prior medical and Lakeland Dairies. For employment opportunities many companies discussed the values of what working in the regions can offer. This includes shorter commuting times, affordable housing, access to schools, strong communities and all round better quality of life. This was reinforced by some of the local tourism initiatives we heard about such as the Blueways project by Waterways Ireland, highlighting the excellent recreational activities available in the region. Overall the region plans to create almost 2,000 jobs in the next few years across a number of sectors which will have a significant impact on the area. It was great to see such a positive message being construed across the board from the larger multinationals to the smaller start-ups. If you are interested in hearing about specific employment opportunities in the region please contact me...

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Budget Basics 2017

Tuesday afternoon, Ministers Noonan and Donohue presented the budget for 2017 to the Dail. It included a number of expected measures, along with some interesting talking points. It’s very easy to get lost in the stats, but what implications does this really have? At a breakfast briefing this morning, hosted by RBK, Ulster bank and Athlone Chamber of Commerce, some of the main areas were outlined and have been summarised below – USC has been reduced by 0.5% Social welfare payments are to be increased by €5 per week €15 million has been allocated to bringing high-speed broadband to rural Ireland The education sector will receive an extra €458 million. This will be spent on recruitment of 2400 teaching staff, €36 million on higher and further education, and a 35% increase on early years funding A tax increase on cigarettes of 50c per pack VRT relief on the purchase of hybrid vehicles as a measure in support of tackling climate change First-time buyers will get an income tax rebate of 5% on the value of their purchase up to a cap of €20,000 refund €1.2bn in funding for housing, with47,000 new social housing units by 2021 800 additional Gardaí to be recruited in 2017 1000 additional nurses and midwives to be recruited 10c rise in the minimum wage as recommended by Low Pay Commission There has been a mixed reaction to the budget announcement so far. The general conclusion is that while there are some positive moves, none of these are likely to have a very significant impact on the average worker. Donie Shine Recruitment Consultant Collins McNicholas Recruitment & HR Services...

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Collins McNicholas Quarterly Jobs Market Report Q2 2016

Collins McNicholas has seen a 4.8% growth in registered job vacancies in the first six months of 2016 compared with the last 6 months of 2015. The number of candidates registering with Collins McNicholas has increased by 2.8% in the same period. The unemployment rate currently stands at 7.8% (MAY 2016), having fallen steadily from 9.8% over the last 12 months. The unemployment rate will continue to decline over the next 12 months, albeit at a slower pace than the previous 12 months. The Irish economy continues to grow and job creation should rise with it, but the consequences of Britain’s departure from the EU will have a negative impact on the Irish economy, slowing growth and job creation. A weakening sterling will hurt Irish exports to Britain, particularly in the agricultural sector. Tourism will also be affected as British holidaymakers will find it more expensive to visit Ireland. Issues surrounding the rights to residency of the roughly 400,000 Irish people living in the UK will also need to be resolved. This could benefit Ireland if even a small of number of skilled professionals choose to return to the country. “However, despite the uncertain consequences of Brexit on the Irish economy, foreign direct investment (FDI) is strong and should grow as investors seek to maintain access to the EU markets and avoid the uncertainty over Britain’s status post-Brexit,” said Niall Murray, Managing Director of Collins McNicholas. High technology sectors, in particular ICT, biopharmaceuticals and medical devices, are doing well. Graduate output has increased significantly in the STEM subjects and excellent progress has been made in retraining people for jobs in...

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Collins McNicholas Report Strong Performance in Job Growth and Candidate Registration in 2015

The number of job vacancies listed with Collins McNicholas increased by 24% in 2015, and the number of candidates registering increased by 14%. Managing Director Niall Murray commented, ‘Collins McNicholas had a strong 2015 in terms of placements with vacancies rising significantly compared with 2014. This reflects the broader improvement in the national economy. Employment fell from 10.2% to 8.8% over 12 months to December 2015. This drop in unemployment and the expected GDP growth of, according to the OECD, 5.6% for 2015 and 4.1% in 2016, will lead to continued growth in job vacancies.’ According to Niall Murray, ‘we are seeing improvements in job prospects across a broad range of sectors, with the strongest growth being seen in IT, medical devices, human resources and biopharmaceuticals. However, there has also been an increase in a variety of professions due to Ireland experiencing multinational investment in shared services centres. These centres often provide multilingual customer service support, as well as a host of back office systems, creating demand for a wide variety of skills.’ IDA Ireland and Enterprise Ireland both enjoyed record years in 2015 and this has had a considerable knock on effect for the overall economy. The IDA created 11,833 net jobs, a 66% increase compared with 2014. Enterprise Ireland had a net increase in jobs of 10,169. What is most important about these figures is that the gains were not confined to Dublin, as in previous years. 64% of the jobs created by Enterprise Ireland were outside of Dublin. Similarly, the IDA, which has emphasised the importance of creating jobs in different regions, had 53% of the...

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Collins McNicholas Reports Strong Growth in Job Vacancies

Collins McNicholas has noted an increase in the number of job vacancies advertised, and in the number of job candidates registered with our company, in the first 6 months of 2015, compared with the same period last year. There has been a 13.7% increase in the number of vacancies available, compared with the same period in 2014. We have also seen a 12.9% increase in the number of candidates that registered with us. This progress comes on the back of strong job growth in 2013 and 2014. The encouraging rise in vacancies supports recent economic data showing steady economic growth and a declining unemployment rate. The unemployment rate for June stood at 9.7%, unchanged from May, and down from 11.4% in June 2014. A strong export sector, led by the thriving ICT, pharmaceuticals, and medtech industries has been the driving force behind recent job creation. There has been greater demand for professionals in the biopharmaceutical, medical device and ICT sectors. Specialist and technical skills have been particularly sought after in these sectors. Multilingual skills have also been in demand and public sector recruitment has begun to rebound as well. Despite the current turmoil in the Eurozone, demand is strong in Ireland’s principal export markets, the US and UK. A resurgence in domestic demand has further supported economic growth. Progress will continue throughout the second half of 2015 and into next year. IBEC expects GDP to grow by 5.4% and unemployment to fall below 9% by year’s end. According to General Manager Niall Murray, “we are seeing strong regional demand in the medical device and biopharmaceutical sectors as well as...

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