Irish Market | Collins McNicholas

Company Day Out in Limerick

Company Day Out in LimerickCollins McNicholas recently had its annual company day in Limerick city. Every year the entire company gets together to have some fun, meet the newest members of our team and catch up on what is happening in the company. We choose a different location each summer, last year it was Killaloe, and everyone was delighted to find out we would be going to Limerick this year. Limerick has tonnes of interesting things to see and do, great accommodation options and the people are terrific. Our day started bright and early when we took part in the launch of the Mid-West Relocation Survey, along with our partners in the Limerick Chamber of Commerce, Limerick City & County Council and IDA Ireland. The survey was a remarkable success. It highlights the vibrancy of the local communities, not just in Limerick but throughout the Mid-West region. Lots of people are relocating to take advantage of the many job opportunities that have appeared because of the regions rapid growth in the last few years. IDA Ireland sited it as the fastest growing region for FDI in the country. Multinational companies are recognising the many advantages of setting up a facility in Limerick, with its large pool of graduates from the University of Limerick, and the overall cost-competitiveness of the region. Recent investments include Regeneron, Element Six, Northern Trust, and Uber, to name a few. That afternoon, following the success of the survey launch, we had a beautiful lunch at the Strand Hotel, where we also stayed that night, before proceeding to the Milk Market for a series of games organised by Get West. The highlight of the afternoon was tag archery. For anyone that hasn’t played, you are divided into teams and your team gets points for every opposing player you hit with an arrow and for every arrow of theirs that you catch. Needless to say, it got quite competitive by the time it was over. After that we went on a Treasure Hunt around Limerick city. This was again organised by Get West and it involved downloading an app that guided you to clues around the city that you then had to solve. It takes about an hour and is a really great way to get to know the city. We finished at the Curragower bar for a delicious, and well-earned, BBQ. Limerick is definitely a city on the rise. From an economic standpoint, it has seen lots of investment over the last few years and everyone from the local Chamber of Commerce to Limerick City & County Council, not to mention Enterprise Ireland and IDA Ireland, have put in a tremendous amount of work to make Limerick the attractive destination it has become. Whether you are a business looking to invest, or a family thinking about relocating, the Mid-West region has much to offer.             Niall Murray Managing Director Collins McNicholas Recruitment & HR Services...

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The Medtech Industry in Ireland – Regional Overview Part 1

Medical device companies are dispersed across Ireland. The presence of these companies throughout the country means that there is a steady supply of talent in every region, allowing medical device companies to easily set up a facility anywhere they choose. In part 1 of our regional overview of the medical technology industry in Ireland we take a look at the West of Ireland – encompassing the Midwest, West, and North West regions. West  Galway is the most important medtech cluster in the country. It accounts for approximately 31% of all medical device employment. Galway has significant expertise in vascular technologies, which are dominated by Boston Scientific and Medtronic. Boston Scientific is the largest medical device employer in Ireland with a staff of more than 4,500 across 3 sites located in Clonmel, Cork, and Galway. Boston Scientific employs around 3,000 people in Galway. Medtronic has roughly 2,000 staff working at its Galway facility, including over 100 employees working in R&D. Other notable companies in Galway include Merit Medical, Creganna, Crospon, and Zimmer, Aerogen, Creganna (800 staff) Mayo has several large multinational medtech companies with manufacturing operations, including Baxter and Hollister. They produce renal dialysis equipment, and ostomy/continence care products respectively. Hollister has invested €80 million in its Ballina plant, which currently employs over 600 people. North West    The North West is home to several large medtech companies. Abbott has a number of facilities in the region including Abbott Diabetes in Donegal, Abbott Diagnostics and Abbott Nutrition in Sligo, and Abbott Medical Optics in Mayo. with Irish owned Arrotek and Inblex Plastics based in Sligo. Multinationals B. Braun, Hospira, Amcor Flexibles, and...

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Medical Technology Companies are Making Big Investments in Ireland

Download the full ‘Medical Technology Industry in Ireland 2016‘ report Ireland’s medical technology sector employs over 27,000 people. It is an important contributor to the Irish economy providing €9.4bn worth of exports annually, creating a large number of well-paid, high-skilled job opportunities. To put Ireland’s success in this sector into context, the European medical technology market is worth roughly €100 billion, and accounts for 31% of the world market. As the 5th largest exporter of medtech products in Europe, Ireland is undoubtedly a major contributor to the global medtech industry. Ireland has developed an excellent reputation as a producer of complex medical technologies. This reputation attracts some of the largest players in the medical technology industry. Ireland currently hosts 18 of the 25 largest medtech companies in the world. Companies such as Abbott, Medtronic, Johnson & Johnson, Baxter, Boston Scientific and Stryker all have major operations in Ireland. But it’s not all FDI led, indigenous companies are also major contributors to the Irish medical device sector. There are over 350 medtech companies in Ireland and 60% of these are indigenous SMEs – Creganna, Trulife, Vistamed, and Steripack are just a few of the indigenous Irish medtech companies exporting their products globally. With all that success comes major investment. In the last 2 years, medical technology companies invested €652 million in Ireland, and Ireland also secured one third of all medtech investment into Europe in 2015. Ireland now develops some of the most sophisticated products in the industry, with particular strengths in high value manufacturing and R&D. R&D is growing in importance in the Irish medtech sector, with half of all...

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Collins McNicholas Job Market Review Q1 2015

Collins McNicholas Job Market Review Q1 2015 The economy has continued to improve in the first quarter of 2015, with noticeable benefits in the job market. Unemployment in March stood at 10%, down 0.1% from February and down 1.9% compared to March 2014. More positively, we are seeing a greater contribution to the economy coming from domestic sources of growth. The work of IDA Ireland and Enterprise Ireland led to the creation of 15,500 net jobs last year and their work remains critical to the economic recovery. Collins McNicholas have seen jobs registered with our agency increase by 29% in the first three months of 2015 compared with Q4 2014. Similarly the number of candidates registering with our website has increased by 28%. This reflects a broader optimism in the jobs market and suggests that candidates are now starting to look at their career options again, after an uncertain few years. Unsurprisingly, the ICT sector continues to thrive with strong demand for programmers with .Net and Java expertise as well as professionals with data analytics skills. Increased output of IT graduates, complemented by several retraining and upskilling programmes, has gone some way to alleviate the strain on labour demand in this sector. However, with demand likely to expand over the coming years more work needs to be done to ensure the labour market can supply enough skilled professionals to sustain the growth of the sector. This is particularly important when it comes to attracting multinational investment. Collins McNicholas would expect that the increased numbers studying ICT would start to have a positive impact on the labour supply by 2016....

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Enterprise Ireland CEO Discusses Entrepreneurship in Ireland

Julie Sinnamon the CEO of Enterprise Ireland addressed the SCCUL Mentors Group which I chair and I thought some of the following comments she made at this seminar might be of general interest. Julie is extremely optimistic about the prospects for the food sector and anticipates a 50% growth in that sector over the next 5 years. She sees much of the growth in this sector being located in the regions. This ties in with a broader objective to ensure a balanced distribution of EI support across all parts of the country. She is very optimistic about the future of EI companies generally and this optimism is positively influenced by the recent PMI data (Purchasing Manager’s Index) which is at its most positive in the past 6 years. One thing Julie would like to see is more female entrepreneurs and she made the point that of the 250 senior management personnel in 100 companies that EI have recently supported only 8 of the executives were women. Julie puts this down to a lack of female role models, an unjustified lack of confidence and the fact that the average age of the entrepreneurs EI supported is 32 which is an important age in a woman’s biological cycle. Julie also said that 50% of inward entrepreneurs are now people with no Irish connections at all but who want to locate here because of Ireland’s strong entrepreneurial culture. Julie described the challenge of scale facing Irish companies which is seen in the fact that Ireland has a small number of very big companies and a very large number of small companies. She...

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Long Term Partnership Relationships in Recruitment

Collins McNicholas has been in the recruitment business for 23 years and the main reason for our success over that period is that we have managed to establish long term relationships with most of our clients from the time we first started working with them. Collins McNicholas preference is to work with clients as a Recruitment Partner. Ideally this is on an exclusive basis which provides a solid platform to strike the optimum balance between quality of service and speed of delivery. The best time to establish such an exclusive relationship is at the start-up phase where the relationship is formed before the recruitment process has commenced. Alternatively we work in relationships where we are one of two or possibly one of three suppliers where the client treats the chosen suppliers as recruitment partners with the quality of relationship that this implies. This kind of arrangement can work well especially where the other two suppliers have been carefully selected by the client. This enables the three recruitment partners to continue to put a strong emphasis on quality and to ensure that their work is informed by recognised standards of professional practice. We have more or less walked away from relationships where there are multiple suppliers which have often been often poorly selected, where the focus is on speed only and where quality and professional standards take a back seat. Over the years we have succeeded in convincing most of our clients that ‘less is more’ and that they can expect a better service from us where we are an exclusive supplier or where we are one of only two...

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