Hiring trends in Ireland in 2018
In 2018, we expect the job market will remain strong, with hiring continuing across most sectors. Britain’s departure from the EU will have a mixed impact on businesses in Ireland. Financial services professionals will see an increase in demand for their skills with the relocation of a number of banks and financial services firms to Ireland. However, firms which rely on exporting to the UK may experience a period of uncertainty, triggering a slowdown in recruitment.
Skills shortages will persist, with regulatory pressure driving demand for risk, compliance, legal and finance professionals. The need for technology professionals will grow, with cyber security specialists highly sought after by professional services firms.
Salaries will rise at a faster rate than in 2017, at 5% on average. Exceptions will exist for candidates such as GDPR specialists, for whom employers will be willing to offer higher rates to secure top talent within specific timescales.
Securing and retaining top talent will mean offering competitive salaries, but employers will also need to focus on promoting their brand and company culture. Highlighting work-life balance, the potential for career progression and qualities that set employers apart from their competitors will be vital.