The Global Entrepreneurship Monitor (GEM) 2016 Survey of Entrepreneurship, highlighted every 1 in 23 people in Ireland own their own business.
Ireland had 35,000 new Entrepreneurs in 2016, which is high in comparison to some other EU countries.
Ireland also ranks 6th for new business owners in Europe.
The IT security firm have invested €300,000 in a new General Data Protection Regulation consultancy service. This service will provide Irish businesses with assistance regarding the new EU data protection laws.
The €300,000 will be invested in staff training as well as some new jobs on offer. Ward Solutions will support Irish firms offering data privacy services.
Ibec have released their Quarterly Economic Outlook, forecasting a positive outlook for the Irish economy, with growth of 4.2% for 2017 and 3.2% in 2018.
Ibec’s Head of Tax and Fiscal Policy, Gerard Brady, believes these forecasts show the strength of the Irish labour market and that employment growth will go above 3% this year, which is a first since 2007.
A new report from the Recruitment and Employment Confederation and IHS Markit, shows permanent job placements are growing at their fastest level in 2 years.
July highlighted a significant increase in permanent jobs growth, as well as temporary and contract roles.
However, permanent and contract worker availability is continuing to decline.
Datapac, an Irish IT solutions company have announced the creation of 35 new jobs in Enniscorthy, Co. Wexford.
The new roles will be filled by the end of 2018, with technical support and business development roles on offer.
The new jobs have come as a result of the company’s €2.1m investment for Datapac’s Network Operations Centre (NOC).
Synexa Life Sciences, a biomarker services company, has opened of its international headquarters in Dublin.
The new HQ will be home to a new lab and the company’s new business development centre. The opening will also lead to the creation of 30 new jobs over the next few years.
Synexa which was founded in 2003, has offices in London, Cape Town and Berlin.
Financial technology company, Global Shares have announced 80 new roles for their Cork offices due to the companies rapidly growing client base.
The new roles will be filled immediately including IT, Financial, Support and Legal positions.
Global Shares have 10 offices across the globe, including Dublin, Cork, London, Edinburgh, Germany, Portugal, Hong Kong and two offices in America.
Bausch + Lomb have opened their €85 million extension in their Waterford facilities. The company who provide contact lens products, currently employs 1,300 people at its Waterford facility.
The latest investment into the company, has created a further 125 new roles, supported by the Department of Business, Enterprise and Innovation through IDA Ireland.
Dublin based, IP Telecom, a telephony solutions company have signed a €500,000 deal with GoldStar Telecom, who are also a provider of telephony solutions and are based in Cork.
The two companies have partnered together since 2012, with this deal running over the next 3 years. IP Telecom will continue providing Goldstar with wholesale voice traffic, provisioning and number porting.
Simon Coveney, Minister for Foreign Affairs and Trade, officially launched the new expansion of BioMarin Pharmaceutical Inc. in Cork.
The company expansion has been on-going for over 2 years now, due to their continued growth. BioMarin currently has 365 employees in Cork, with a further 67 employees in Dublin.
Gerson Lehrman Group (GLG), have announced they will be relocating their office to Ballsbridge, in Dublin, doubling in size.
GLG, a leading professional learning platform, currently employees around 100 people in Ireland, with the new offices leaving room for double this number of employees..
Bank of America have confirmed it will choose Dublin as its new European hub following on from Brexit.
The Bank did not specify how many roles will come from this move, but it will add further to the current 700 employees.
They currently have two offices in Ireland, Dublin city centre and Leopardstown.
Shopify, a Canadian e-commerce company have announced 100 new remote jobs for the West of Ireland.
100 people are set to be hired over the next year, supporting business development and commerce.
The company have increased in Ireland over the last 2-years starting with 50 employees, and currently growing to 150 employees.
The minimum wage which currently stands at €9.25 is set to be increased by 30 cents, bringing the new figure to €9.55.
The proposed changes where set out by Leo Varadkar this week, and if followed through will mean an extra €12 into workers hands a week.
Facebook have launched their Irish SME Council, to assist small and medium size businesses across Ireland.
The Irish SME Council hope to assist Irish business owners in the digital age, with digital tools and drive business growth. The council will meet with businesses throughout the year to discuss the challenges, solutions and Facebook as a platform.
The SME Council is also present in the UK, America, Brazil, Italy and Germany.
JobsOutlook’s July report highlights that one in five employers in the UK are looking to increase their company headcount within the next 3-months.
However, nearly half have said they expect to face a skills shortage when trying to fill these roles.
The report shows employers opting for temporary workers over the next year to help fill the skills shortage within their companies.
Dell’s 2017 Women Entrepreneur Cities Index, looked at the top cities for women entrepreneurs, with Dublin ranked 35th on the list.
The Index suggests maternity policy and leave all contribute to Ireland’s above median ranking. However, the high cost of child care and cost of living in Dublin were also noted as obstacles for women.
New York city was ranked as the number one city for high-potential women entrepreneurs, while Belfast was ranked 36th.
Oracle announce 1000 new jobs across EMEA – 18th July 2017
Oracle, who provide cloud applications, platform services, and engineered systems, announced they are recruiting for 1000 new position in Europe, Middle East and Africa.
The new roles will include mostly Sales Representatives to support Oracle’s growth in the Cloud Computing sector.
The roles will range in profiles, with junior and senior jobs available.
Despite Brexit, new figures released by LinkedIn shows the UK is still the top destination for Irish professionals. This number has fallen slightly by 1% in comparison to the 6-months before.
The study also highlights Ireland as a popular destination for professionals, due to the pool of multinational IT/Software companies based here.
The government review looked into the employment within the UK, in particular, fairnesses for gig economy workers. The review was headed up this week by Matthew Taylor, who said all work in the UK should be “fair and decent”.
The report highlights agency work as an integral part of the economy and that people who work in companies like Uber and Deliveroo should be identified as dependent contractors.
Moreover, there should be a clear definition and difference between dependent contractors and the self-employed.
In terms of wages, the report recommends that dependent contactors are entitled to minimum wage, with fair holiday and sick pay.
Furthermore, despite calls from some government parties the review did not recommend the banning of zero-hour contracts.
Zendesk, an American software company have announced the creation of 300 new jobs in Dublin over the next 3 years.
They software company, who have their headquarters in San Francisco, provide customer support software.
The company have signed a lease for office space in the Grand Canal, Dublin. The new roles will include Sales, Finance, Engineering, Legal and Infrastructure.
Vision-net.ie have released figures showing 1,878 company startups were established in the first 6-months of 2017.
This figure is a 6% rise from this time last year, with finance, social, professional, real estate and construction showing the highest level of start-up activity.
However, insolvencies increased by 13% in comparison to this time last year.
Baker Tilly Hughes Blake Examinership Index, shows 492 jobs were saved through examinership in the first 6 months of 2017.
This figure has nearly doubled from this time last year’s figure, which stood at 297 jobs.
Neil Hughes, Managing Partner at Baker Tilly Hughes Blake said the high number of businesses resorting to examinership highlights the uncertainty of Brexit for Irish companies.
IDA’s latest report highlights a strong start for the Irish job market in 2017, with 11,000 new jobs recorded in the first 6 months of 2017.
This figure shows a 22% rise from this time last year with 9,100 new jobs recorded in the first 6-months of 2016.
The growing job industries include; Science, IT, Finance and Digital Content.
CBRE Ireland published the amount and the value of Irish investment transactions carried out in the first half of this year.
The figures highlighted more than €775 million of investment transactions were completed, with a total of 97 assets, valued at 1 million or beyond.
This figure is down from last year’s first half.
The latest Employee Motivation Survey highlights private sector workers as more motivated in their jobs than public sector workers.
Over 90% of private sector employees who were surveyed admitted they were motivated or very motivated in their current job. While 84% of public sector employees saying they were motivated in their current role.
The overall motivation across both sectors has risen by 6% in the last year, which now stands at 87%.
Global provider of used IT Asset Disposal (ITAD) and Data Services, Wisetek, are expanding their US reach with new offices based in California.
The company are already based in Dublin, Cork, Singapore, Dubai, Thailand and America, with over 200 staff in Ireland alone.
An Irish company, established in Cork in 2007.
The long-awaited apprenticeship scheme for school leavers is beginning to be rolled out, with the ‘earn-as-you-learn’ system another substitution for the CAO.
The programme which has been validated by the Quality and Qualifications Ireland (QQI), will include traditional apprenticeship subjects and some new degree level subjects.
Some of the newer programmes will include finance and IT industry studies.
Dublin’s IFSC will host apprentices who will work for international finance firms, while studying at the same time. The salaries will average from €23,000 – €32,000.
Bank of China officially opened their Dublin branch today, which was attended by the Taoiseach, Leo Varadkar.
The bank is currently the world’s fourth largest bank with 574 branches across the globe.
Bank of China will focus on Chinese companies employed within Ireland and Irish companies operating in China.
O’Kale Krisps, a health food company have won UCD’s 2017 start-up programme for students. The winning company received €3,000.
The winners, who are both UCD undergraduate students, created a product which is a Kale based snack, currently selling in 28 stores across Ireland.
The Irish Times Top 1000 2017 survey has named CRN as the largest company in Ireland. The company have seen a 15% increase in turnover to €27.1 billion.
CRN, a global building material supplier, are based over 31 countries with an estimated 87,000 employees worldwide. Other companies featuring in the top 10 were Dell, Oracle, Eaton Corp and DCC.
The Times’ survey also highlighted Tullow Oil as having the biggest decrease of all the Irish companies, with losses of €833 million.
Brendan Carr, The Lord Mayor of Dublin launched The Living Wage initiative plaque with Dublin City Council.
The new living wage would be €11.50 per hour, and The Living Wage plaque would be displayed outside companies who are partaking in the proposed wage.
Companies can send in applications to Dublin City Council, to join the initiative. Similar schemes are carried out in London, parts of America and Belfast.
Codec-dss, a technology firm have announced the creation of 50 new jobs in their Galway offices.
The new roles will be filled immediately in the areas of sales, administration, IT and programming.
The latest Census results show there is currently 2,006,641 people working in Ireland, this is an increase of nearly 200,000 in the 5-year period. Of these workers 929,967 are female, while 1,076,674 are male.
It also highlights the Health and Social Work sector as having the biggest increase of workers, which is up 25,647 workers. This is followed by the Computer related industry, with an increase of 21,877 workers over the 5-years.
The sectors showing a decrease in workers is the Public, Administration and Defence sector, down 5,991 workers. This is followed by the Banking sector, which had a decrease of 5,361 workers.
Dublin Business Innovation Centre have launched their new hub which is situated on Dawson Street, Dublin.
Space@DublinBIC, offers an affordable office rate for start-ups and entrepreneurs, holding up to 200 people. The space has been launched to help businesses deal with the rising office rents and office scarcity within Dublin.
The shortage of offices has been affirmed as a number of companies have already bought 20 of the privately held offices.
The EU is planning to implement a new law, which would give them the power to move Euro clearing businesses away from the financial sector in London into Europe.
The proposed moves would create a spilt in the market and could result in a number of job losses for London.
London is currently the largest financial centre in the EU.
This years’ Finance and Business Awards have announced their first 25 companies. The awards recognise the achievements and excellence of 100 Irish businesses and technology companies.
The 2017 awards will take place in December 2017, in association with KPMG.
The first 25 companies announced is – 3D4Medical, DCC, Facebook, FutureState, Google, HubSpot, Actavo, Analog Devices, Apple, Cisco, Icon, Intel, Movidius, Comtrade Digital Services, Oracle, PayPal, Realex Payments, Sandisk, Teamwork, Transfermate, TripAdvisor, Workday, Yahoo, Twitter and Voxpro.
100 workers were surveyed across Ireland, on a number of work centered around happiness with their jobs.
Conducted by iReach Insights, the results highlighted an overall majority of 67% of workers saying they were happy within their current position.
However, 63% of the workers surveyed believe that they are initialed to a pay rise. With 75% saying they have not received any pay incentives such as bonuses or an increase in wages over the last 6-months.
Financial services company, Northern Trust have announced the expansion of their Limerick offices, creating up to 400 new positions.
The development is supported by the Department of Jobs through IDA Ireland.
Northern Trust was established in Ireland in 1989, setting up its Dublin offices in 2000. The financial firm employs 1000 people across Ireland to date.
Smartbox, a gift firm, based across Europe have announced the creation of 100 new jobs for their Dublin offices, in Talbot Street.
The company are expanding their Irish base, which is supported by the Department of Jobs, Enterprise and Innovation through IDA Ireland.
The new positions will be in Sales, Finance, Marketing, Supply Chain and in Customer Service roles.
OCED has predicted the fastest growth in 6 years for the global economy, with forecasts of 3.5% growth in 2017.
The recent surge in trade and investments in the last month has helped the previous weak outlook in America.
The report also suggests the UK economy will slow over the coming years due to Brexit uncertainty. However, the global economy is set to grow to 3.8% by 2018.
Plynk, a money messaging app has secured funding of €25m by Swiss Privee. The investment is one of the biggest for a tech company in Ireland over the last few years.
The company was set up in 2015 by Charles Dowd and Clive Foley while the app launched in January 2017.
They have over 6,000 users across Ireland, with the hope of extending to Europe over the coming months.
The investment will also see a further 20 jobs within the company.
A Dundalk start-up, who specialises in medical device security and risk management, have announced the creation of 78 new jobs.
The majority of these roles will be based in Dundalk in IT, Support and Engineering, with some roles within the companies new Boston offices in Sales and Marketing.
Nova Leah is a result of Lero researchers from the Research Centre at Dundalk Institute of Technology.
Healthbeacon, a digital health care company who are based in Dublin have announced its plans to expand to the US.
The company also announced the creation of 20 new jobs within the IT field, software development, customer service and project management positions.
The American expansion will host new offices in Boston and Montreal.
The unemployment rate for this month currently sits at 6.4%, which is an unchanged figure since April.
This rate has been decreasing over the last 3-months, with a figure of 146,100 for March, 141,900 for April and the current figure at 140,700 for the month May.
Accounting organistaion Grant Thornton have announced the creation of 250 new jobs across Ireland. The jobs will be mostly filled within their new Centre of Excellence, launched today by the Minister of State for Financial Services.
Grant Thornton currently employs over 1000 staff across Ireland, with offices in Dublin, Cork, Galway, Belfast, Kildare, Longford and Limerick.
The new jobs will all be permanent positions across a number of company industries.
MSD (Merck), have announced a major expansion in Ireland, with the creation of 330 new jobs in Cork and Carlow.
Due to increased demand for the company’s medicines and vaccines, an investment of €280 million over the next three years for its Irish sites was also announced.
The multinational pharmaceutical firm have four sites across Ireland, in Cork, Dublin, Tipperary and Carlow, employing over 1,500 people.
Acutrace have won the overall National Enterprise award for 2017. The company were established in 2015 with the support of the Local Enterprise Office South Dublin.
The company develop energy solutions, software and hardware for industrial and commercial industries.
Index Ventures, a San Francisco global venture company released a new report highlighting Dublin as the second most popular destination in Europe for American start-ups.
The reported ranked European countries on a number of factors, such as, cost, tax, salary and senior talent.
Dublin and London scored highest in senior talent and in company set-up, with Dublin and Belin named as the cheapest cities to set up in.
Dublin also rated highly for its multilingual talent resource.
London ranked first when it came to US company’s ideal start-up European location.
Global Tech Firm, Pitney Bowes have announced the opening of a new operations centre in Dublin, where a three-year multi-million research and development project will be housed.
Up to 100 jobs will be created in several sectors, such as, technical support, e-commerce and customer services.
Pitney Bowes are said to have chosen Dublin as a consequence of its IT talent pool and variety of languages.
OpenJaw Technologies, a eCommerce travel technology company have announced plans to double their work force in their Dublin and Galway offices.
The company’s headquarters are based in Dublin, with other offices in Galway, Poland, Spain and most recently Hong Kong.
They provide online retail services and solutions to some of the globes leading travel corporations.
Up to 50 jobs are set to be created in Ireland.
Irish Manufacturing Research, will create 40 new jobs in Dublin West. The company was created following an initial €15m investment from IDA Ireland, to assist private and public research funding.
The company specialize in research and technology, with the new roles in the areas of robotics, maths and engineering.
Separately, 25 new jobs have been announced by Aphix Software, who are based in Drogheda, County Louth.
Aphix Software are a fintech company, who supply digital ordering systems for their online clients.
The new roles will be in areas of engineering and software development.
Minister for Jobs, Enterprise & Innovation, Mary Mitchell O’Connor announced 30 new jobs for Alison, an e-learning company based in Galway.
The jobs will be filled over the next year, in areas such as, Sales, IT, Finance and Marketing.
Alison currently has 50 staff across Ireland and Europe, with an impressive client base of over 10 million registered users globally.
Virgin Media will see the creation of 40 new jobs in Ireland after the launch of ‘Red House’. The new service offers faster and more reliable WiFi connection for Virgin Media customers.
The Red House service will provide at home support by Virgin Media experts, improving the quality of broadband and products as well as providing any necessary updates.
Virgin Media have been established in Ireland since 2007, continuing to grow each year.
The latest quarterly report released by KPMG highlights an increase in Fintech investment across Europe, with over €800 million invested in the first quarter of 2017.
The report also highlighted Ireland as gaining significant stance across many Fintech initiatives, becoming a substitute for the UK.
US firm Kabbage have recently announced they will be establishing their European head-quarters in Dublin, while Circle another Fintech company will be doubling their Irish workforce in the next few years.
Mallinckrodt, a US Pharmacy company are set to create up to 45 new jobs in Blanchardstown.
The roles will be created across a variety of sectors, such as, software development, electronic and mechanical engineering and product design.
The Parma company, who specialize in the development and distribution of pharma products and treatments, have been established in Ireland for 25 years.
The US bank, who currently employs over 500 people in Dublin, have announced they will be hiring a number of people, in the next few years.
JP Morgan are said to have agreed to buy Capital Dock in Dublin city centre as part of its expansion plan. The new office space will have the capacity to hold up to 1000 new staff.
The move has been associated with the recent Brexit vote, as the company need another European base once the UK exits Europe.
JP Morgan is one of the top global financial services, offering solutions to corporations and institutions, while providing accounting and administration services to Ireland’s funds.
“We are delighted to hear this expansion announcement from JP Morgan and feel that this will provide a significant boost to our well established funds industry here in Ireland. This demonstrates confidence in our highly skilled and educated workforce and our knowledge base in terms of international funds and financial services. It also shows that we can compete in a positive way with locations such as Brussels, Luxembourg and Frankfurt. Hopefully JP Morgan’s expansion here in Dublin will be one of many funds and financial services providers to follow suit.” – Lorraine Shine – Recruitment Manager, Allen Recruitment
IBM have released their latest report, The Quant Crunch, which highlights the growing demand for Data Scientists, which will be up 28% by 2020.
Further to this, Data Science and Analytics jobs are set to rise from approximately 364,000 openings to nearly 2,720,000, by 2020.
The report also revealed this sector to be one of the hardest to recruit in, high cost hires and new training programs all combat to this to this factor.
The ability to fill Data Science and Analytics roles in finance is somewhat easier than recruiting for an Analytics Manager position in the Professional Services.
Two companies have announced the creation of 250 new jobs for the capital.
ICT firm, Aspire Technology are creating 150 new jobs in their Sandyford headquarters, Co. Dublin.
The company who provide end-to-end services and software solutions, will also be extending their current headquarters in Sandyford.
The new roles will be experience and entry level jobs in engineering, software development and project management roles.
Further to this, 100 new jobs are to be created by Designer Group Limited, who are an Irish owned engineering company.
The company’s new expansion will see the employee count rise to 750 employees in Ireland, and a 2-million expansion to their Blanchardstown offices.
Recruitment is underway in both companies.
US cyber security company AlienVault, are set to create 50 new jobs, after opening their Sales and Support offices in Cork city centre.
The company first opened up in Silicon-Valley in 2014 employing around 50 employees.
The company’s expansion is being supported by IDA Ireland, through the Department of Jobs.
Job vacancies up 7% in Ireland – 10th April 2017
The latest Morgan McKinley Employment Monitor highlights a 7% rise in professional job vacancies in the Irish market.
It also revealed a significant decrease in professionals pursuing new roles, which is down 15%. The financial market has seen the most substantial improvements within the professional sector.
Both figures confirm the strength of the current economy, with the unemployment rate continuing to decrease.
EngageSmith, a Dublin based company who assist Irish businesses in maintaining millennials and keeping them engaged in their jobs, have been granted €400,000 in funding to develop training courses.
New research has found that on average millennials spend 8-months in a position before moving on to their next job.
Further research found that people under the age of 30 make up 50% of Ireland’s workforce, therefore, showing a necessity for EngageSmiths’ new expansion, assisting millennial training.
The training courses are aimed at assisting the integration of millennials in the workplace.
Speaking to Fora.ie, Laura Smith, the founder said, “At the moment, a lot of companies unintentionally set up millennials to fail and not succeed.”
CAE Parc Aviation, the world’s biggest recruitment company for airline pilots, have moved to a larger space in Dublin to facilitate their current expansion.
The company have announced the creation of 80 new positions in their Dublin and Shannon offices, over the next three years.
The new jobs will be in the pilot recruitment and recruitment consulting sector, as well as aviation engineers.
SAP, a German software company have announced the creation of 150 new jobs in Galway and Dublin.
The new jobs are said to be filled over the next 18-months, with the sectors ranging from sales, customer services and IT.
SAP have been an established employer in Ireland for 20 years, with a starting count of 30 employees and a current count of 2,000 employees with their latest expansion.
The Reputations Agency brought out their annual Ireland RepTrak 2017 study, which looks at the most highly regarded organisations in Ireland.
Over 4,500 respondents took part in the survey, ranking companies on trust, admiration, good feeling and esteem.
The survey quantifies the reputation stakeholders have with 50 Irish companies, including their want to work with the company, buying their products or recommending that company to a friend.
An Post topped the survey followed by Kerry Group, Bord Bia, Aldi and Lidl, who all came in the top five Irish companies.
KingramRed Digital Transformation, a digital management consultancy examined how Irish businesses are responding to the digital movement within the workplace.
The report highlighted that 50% of organisations do not have the services that are needed to manage their company’s digital enterprises.
Furthermore, 60% of the businesses do not have an established plan for the future, leaving them with little hope for digital success.
Over 40 organisations took part in the 2017 report, including Irish subsidiaries, private companies, commercial semi-state companies and state agencies.
Globoforce have revealed their new headquarters, based in Parkwest, Dublin 12. Their new offices will see the expansion of the company’s workforce, with 100 new hires expected over the next 3 years.
The social recognition solutions company have 400 employees globally with over half of these employees based in Dublin.
The new five-floor office offers a very modern feel, including a game and relaxation area as well as facilities for new mothers.
Shire, a pharmaceutical firm have announced 150 new jobs, in the company’s new headquarters on Baggot Street, Dublin.
The new roles will be in the area of support, procurement and finance.
Shire, who manufacture medicine for rare diseases are continuing their expansion, after creating 400 new jobs in Co. Meath last year.
The new offices will hold the 150 current Shire staff as well as the new hires.
Minister Mitchell O’Connor, the Minister for Jobs, Enterprise and Innovation, launched the National Digital Skills and Jobs Coalition.
The coalition has been formed as part of the skills agenda across the EU, with all EU countries involved. The launch will see the promotion of digital skills and jobs in Ireland by different companies and organizations.
The Irish Computer Society Foundation will be working with the Council of European Professional Informatics Societies (CEPIS) to help coordinate the new agenda.
Tenable, a cyber security firm have today announced the creation of 100 new jobs in Dublin in the next two years.
The company have opened their new Irish offices in Silicon Docks, which is the company’s first international headquarters.
The multinational company have 21,000 customers worldwide and over 1 million users.
The move is significant for Dublin and has come about as a result of Ireland’s technical talent pool.
The organisation behind the Web Summit have announced they will be creating 40 new roles to aid their current expansion.
Jobs will be created in areas including management, engineering, sales, and policy.
The Web Summit moved from Dublin to Lisbon in 2016, due to failed assistance from the Irish government. Currently the Web Summit headquarters are based in Dublin, with 150 people employed.
The expansion will see the creation of management to help build relations with the Irish Government and launch the 2017 Web Summit.
Unosquare, a software development company based in the US have announced their interest in opening an engineering centre in Belfast.
The IT company hope to open a third base in Belfast, with two centres already based in Mexico.
Belfast is an appealing destination for Unosquare due to the high level of available software engineers. Up to 100 new jobs are to be created by 2019.
CIPD, a professional HR body have released research surrounding an Irish skills shortage and retaining talented employees.The research shows four out of five organisations have seen a skills shortage over the last 2 years within their company with 63% having to upskill their current workforce.
The study also found that retaining talented employees is a top priority for Irish businesses, with most offering a counter-offer when an employee shows signs of leaving. A further 57% of employers have increased development opportunities within their business to help combat the skills shortage.
The H-1B Visa admits over 80,000 graduates and worker on behalf of many global companies, to the United States each year. Trump believes that the scheme is being abused by some companies, hiring foreigners at lower rates, as Americans would be paid at a significantly higher rate for the same jobs.
Throughout Trump’s campaign he promised an end to schemes like the H-1B Visa, which he believes is fueling America’s unemployment rate.
India-based IT companies, seem to be leading the H-1B Visa usage, within the IT and Administrative sectors.
The technical hub that is Dublin – 20th April 2017
‘Dublin – A Technology Hub’ is the IDA’s latest infographic, highlighting just how many multinational IT corporations have dawned our shores over the last few years.
The City Centre shows companies like Facebook, Twitter, LinkedIn and Google who have provided vast employment in Dublin city over the last decade.
In the North of the city, companies include Microsoft, Dell and Sage. While West Dublin hosts Symantec, eBay, Xilinx and IBM.
Furthermore, not forgetting Leixlip, Co. Kildare, where Intel has its Irish base.
Jobs Expo Dublin released new research today, highlighting a range of topics associated with Irish employment. Some of the studies most interesting results show a higher salary to be a key motivator for Irish jobseekers.
Over half of those surveyed believed their previous salary was too low, as well as the same percentage, 53%, stating there was still a definite gender pay gap issue in Ireland.
When comparing themselves to a colleague, 64% said they were paid significantly less although they had the same education and experience as that colleague.
Irish Solutions and Medtech company Diaceutics, announced they will be recruiting for 30 new positions. The new roles have been created to support its incorporating diagnostic testing into drug launch programmes worldwide.
The new roles will assist in their brand presence across global platforms, specialising in new roles within Marketing, Operations and Data Analysis.
The company, who are based in Dundalk have seen a significant rise in their revenue over the last year.
Britain’s unemployment rate stands at a near 40-year low, with the figure for the three months to the end of February at about 4.7%. The British employment rate now stands at 74.6%, which is one of the highest on record.
Furthermore, the Office for National Statistics (ONS), who published the report, highlight a surge in job vacancies. Job boasts are especially high in the hospitality and food sector.
The recent data from the ONS, demonstrates the UK’s labour market strength following the Brexit vote.
Citrix, a multinational software company have announced the expansion of their Dublin offices, leading to 150 new jobs. Their office will see an expansion of 26,000 square feet, based in the East Point Business Park.
The new roles will mainly entail Technical, Customer Service and Inside Sales positions, employing up to 400 new employees.This expansion is supported by the Department of Jobs, Enterprise and Innovation through IDA Ireland, aiding to Ireland’s expanding job drive.
“We are delighted to hear this positive news in relation to the creation of 150 new positions at Citrix. It’s interesting to note that these positions are focused on cloud technology as we have seen that cloud is one of the biggest growth areas for many of our multinational clients so far, this year. This has resulted in a significant increase in demand for skilled Inside Sales professionals and we would forecast that this demand will increase further throughout 2017 and into 2018.” – Lorraine Shine – Recruitment Manager, Allen Recruitment
Irish start-ups are up 10% from this time last year, with just over 2,500 new businesses founded. Vision-net.ie. released the latest figures today, highlighting March as one of the strongest start up months since 2007, with 2,014 companies formed.
Dublin remains the most popular city, by far, for new business creations, followed by Cork, Galway, Kildare and Meath. Finance and construction are some of the main start-up sectors.
This increase highlights a positive encouragement towards the Irish economy.
The latest CSO figures show another monthly drop in the number of people signing on to the live register. The figures show the number fell by 3,900 in March, leaving the number of claimants at 271,700. People participating in Live Register Activation Programs has also declined, falling nearly 15% from the previous year.
This is the lowest figure since 2008, proving the current strength of the Irish jobs market.
Further CSO figures published this week put the Irish unemployment rate at a continuously improving rate of 6.4%.
Version 1 announced today they will upscale their Irish workforce with the creation of 365 new jobs. A leading IT service company, which was founded in 1996, with up to 900 staff employed across a number of offices in Ireland and the UK. The company says the new roles will be filled over the next 3 years and will include, a number data and technical roles.
“We first started dealing with Version 1 back in 2003 when they had 50 or so employees. Version 1 are a phenomenal success story for indigenous Irish technology companies. They compete against the big multinational consultancy firms and show that with the right leadership, commitment and direction Irish companies can compete with the biggest and the best out there – well done guys.” – Brian Cunningham – Director, Allen Recruitment
The unemployment rate currently stand at 9.5% in the Euro zone, which is the lowest rate in nearly 8 years, according to the Eurostat agency figures which were published today. Despite the questions surrounding the UK and Brexit, hiring continued to increase, leaving the Euro zones unemployment rate the lowest it has been since May 2009.
The countries leading the unemployment figures are the Czech Republic at 3.4% and Germany at 3.9%. Greece has the highest unemployment rate at 23.1%. While the Irish unemployment rate is steadily decreasing at 7.1% since January 2017.
The recruitment industry has reached €417 billion in global sales revenues, according to a report published by The World Employment Confederation. Recruitment agencies amount for €279 billion of the sales revenue alone. This research spanned over 50-countries over the course of a year. France is the leading European recruiting country, with 2million hires in the last year.
The 29th of March 2017 will be a day for the history books, when Article 50 was triggered by the current Prime Minister of the UK, Theresa May, meaning the UK are no longer part of the European Union. The Prime Minister spoke of the UK’s relationship with Ireland, stating that she wanted the relationship between Ireland and the UK to be stronger than ever.
So, what do these changes mean for the Irish job market, Stephen Harrington, Head of Cognitive Staffing at Allen recruitment says, “Since last June when Britain went to the polls and decided to leave the EU, there has been a high amount of uncertainty in the markets which initially caused a slowdown in the jobs market.”
Brexit will inevitably influence Ireland, but despite reports, some effects will be positive.
A study carried out by John Ring of Knight Frank, suggest that Ireland will gain around 13,000 finaical jobs, steaming from moves of organisations such as, Morgan Stanley and JP Morgan. Stephen says, “The financial services is where many expect to see the biggest impact on jobs in Ireland, thus far JP Morgan looks the most likely front runner in expanding Irish operations, though companies such as Lloyds of London have instead opted for Brussels over Ireland.”
With 2017 turning out to be the year of big changes in the UK and in America, Stephen suggests, “there is definitely more of an unknown, however we have seen some of the large multinationals really push ahead with hiring plans with big job announcements in companies such as Facebook, Google and Microsoft.”
Moreover, despite Brexit fears for Ireland, Ibec have recently released their Quarterly Economic Outlook, predicting the creation of 50,000 new jobs in Ireland this year, showing no slow down to the market.
Damovo, a global technology business solutions company, will create 30 new positions in their Dublin offices. The company have continued to grow since first opening their Irish doors in 2001, currently employing 40 staff.
The new jobs will be mainly in the area of project management, project coordinators and technical support.
ISIF have announced a €50 million investment in Reverence Capital Partners Opportunities Fund I L.P, a fund focused on global investment.
The new deal will focus on job creation within the financial sector in Ireland. Helping drive more industry in Ireland and Europe, including Kabbage Inc, who announced they will set up headquarters in Ireland.
A new repost highlights vast wage difference in Ireland. Public sector staff on average earn 40% more than those working in the private sector. Davy, a Dublin-based stockbroker, who published the report, revealed the average wages in the public sector to be €47,400. While the average wage of those working in the private sector is €33,900.
Facebook currently employ over 1,500 people in its City Centre offices, with this figure set to Dublin in the next year. Facebook’s new property will be located in Dublin’s north docklands and facilitate 800 new staff. The increase in staff will make Facebook one of Ireland’s biggest employers.
Speaking to The Irish Independent, Gareth Lambe, who heads up the Irish Facebook headquarters said, “Over the next number of years, if the business and platform continue to grow, we expect to continue to grow pretty substantially in Ireland.” Ireland is one of the main bases for Facebook business according to Mr. Lambe, “It’s by far our largest footprint of any country in the world outside our Silicon Valley headquarters.”
“This announcement shows the continuing belief that Facebook and other similar companies have in Ireland and its ideal location for their EMEA headquarters. It’s not just about favourable taxes, it’s about our availability of the right people, who ultimately are a key part of their continued growth” – Stephen Harrington – Head of Contingent Staffing Solutions, Allen Recruitment.