Collins McNicholas is pleased to announce the publication of its ‘Salary Survey 2014’, of management, professional and administrative salaries in Ireland.
These salaries are based on the actual salary information provided by our clients for vacancies we have worked on and/or filled in the first three months of this year. The information is largely based on salaries in the multinational sector which has accounted for the vast majority of the positions we have worked on/or filled this year to date. The information is corroborated by the salary data supplied to us by job seekers who register with us and are in employment at the time of registration. In the period between January and March 2014 we registered over 3,500 candidates. This is an increase of 6% from last year. For the purposes of this salary survey we have recorded salary levels for professionals with between 3-5 years’ experience. These professionals tend to be the most sought after group and that is why we have used this sample.
It is also worth pointing out that the information is based on a significantly increased number of job vacancies and placements year to date which reflects market commentary relating to the significant pick up in the export sector in the last four years. In the period between January and March 2014 we registered over 440 new job vacancies. This shows an increase of 10% from last year. This is indicative of the overall improvement in the economy with the unemployment rate dropping 1.9% to 11.8% in the 12 months to March 2014. The increased number of vacancies, as well as being a tangible indicator of an increase in economic activity in 2013/14, also means there can be a high level of confidence in the accuracy of the information supplied in this salary survey, as it is based on a significantly larger sample of open vacancies this year.
Salaries have remained largely stable in the last 12 months but there have been some upward trends in specialist technical roles, mostly in the IT and pharma/medtech sectors. This is most likely due to the tightening of the supply of certain technical skills and does not reflect a broader trend of wage increases. The IT sector is often mentioned as the prime example of where salaries are on the increase but this is not reflected nationally. The increased IT/Software graduate output from the Universities and Institutes combined with the impact we expect to see from the various conversion courses should improve the supply of IT talent in Ireland over the coming years. In our view wage stability should continue to make Ireland more competitive internationally, particularly in a European context where Ireland has become steadily more cost competitive.
We hope the information contained in this publication will be a useful resource for both jobseekers and employers in the year ahead.
To view our Salary Survey, please CLICK HERE