Anne Heraty, Employment Market in Ireland May 2013
Building BusinessMomentum ConferenceAnne HeratyChief Executive OfficerCpl Resources plc24 May 13
Key Messages The single most important factor in terms of thedirection of the economy is employment Recent positive indicators, but the jobs crisis is notover Skills & education have the potential to shape theeconomy
Cpl today A leading provider of specialist recruitment andoutsourcing solutions Network of 15 offices in 9 countries Circa 80% of revenue in Ireland Diversified customer base – ICT, Healthcare, Retail, Pharma,Light Industrial & Services Placed over 5,500 people in permanent jobs in 2012 Finished year June ’12 with 7,853 people working on behalfof Cpl on client projects, an increase of 1,928 on the twelveprevious months
Trends Impacting our Customers Business needs greater flexibility Variable cost workforce Companies do not want to “over hire” particularly in timesof economic uncertainty To balance growing demand for products & services withfuture uncertainty many companies use temporary andcontract staff
Past experience indicates that changes in demandfor temporary & contract staff lead changes in totalemployment by about 4 – 8 monthsDemand for temporary & contract workers started toimprove in early 2011 and has continuedA positive indicator……..
The single most important factor in terms of thedirection of the economy is employment Consumer spending, tax revenue, governmentspending (social welfare) move in tandem with therise and fall of employment Long term unemployment a real concern at circa 60%of total unemploymentEmployment……..
Since the start of 2011 net job losses of 10,000compared with 300,000 between 2008 & 2011 Employment growth of 1% in the private sector in2012 Where are jobs being created?Recent positive indicators……..
Despite redundancies companies are experiencingtalent and skills shortagesContinuing trends towards jobs in services with ahigher demand for qualificationsRecent improvement in demand for permanent staff‘The Jobs crisis is not over’Many countries are experiencing the paradox of bothhigh overall unemployment and skills shortagesTwo speed labour market……..
Challenging up-skilling and retraining agenda if thoseout of work are to be able to take up available jobsInvest in education and skills developmentDemographics positive for IrelandIreland’s projected population growth is the fastest ofthe 27 EU countries over the next 15 yearsTechnology changing shape of workOpportunity for Irish workers to expand share ofglobal growthSkills & education will shape the economy
“Wherever talent goes, innovation, creativity &economic growth are sure to follow” (Florida R.)Make Ireland an attractive place for highly skilledpeople to workNo more increases in personal tax or tax onemploymentEncourage start-upsSupport emerging industriesDevelop the skills of the Irish workforce to bettermatch employers needsConclusion
Thank you for listening To contact: Anne Heraty | 01 614 6015 Anne.Heraty@cpl.ie