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Hays Ireland - Salary Guide 2016
The Hays Ireland Salary and Recruiting Trends report for 2016 reveals that 79% of organizations expect increased business activity and 86% anticipate expanding their workforce. A significant portion of employees (81%) plan to change jobs within two years, primarily due to salary concerns and lack of advancement opportunities. Key recruiting challenges include a shortage of suitable applicants and competition, while specific skills in IT, finance, and managerial roles are currently in demand.
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Hays Ireland - Salary Guide 2016
- 1. EMPLOYMENT INSIGHTS May, 2016 Hays.ie/Salary-Guide Hays IrelandSalary and Recruiting Trends 2016
- 2. 100 EXPERTS 4 OFFICES IN DUBLIN, CORK,LIMERICK AND GALWAY 1 SALARY GUIDE 20 YEARS OF SUCCESS IN IRELAND
- 3. SURVEY METHODOLOGY This guidehas been compiled using data gathered from our offices across Ireland. The salary data is based on job listings, job offers and candidate registrations. The findings of our benefits survey are based on responses from over 1,300 employers and employees from organisations of all sizes throughout Ireland.
- 4. 79% of organisationsexpect increased business activity in 2016 86% of organisations expect to increase headcount in 2016 81% of employees expect to move jobs within next two years CONFIDENCE IN THE FUTURE
- 5. SALARY TRENDS During thelast 12 months, have the salaries of your workforce changed? Increased above 2.5% Increased up to 2.5% Stayed the same Decreased 35% 32% 32% 1%
- 6. SALARY TRENDS Over thenext 12 months, how are your workforce’s salaries likely to change? Increase above 2.5% Increase up to 2.5% Stay the same Decrease 33% 40% 27% 0%
- 7. SALARY TRENDS Are employeessatisfied with their salaries? 47% 53% Yes No
- 8. ON THE MOVE Whendo employees anticipate they will next move jobs? 81% 37% Within next 6 months 25% Between 6-12 months 19% Between 1-2 years 8% Between 2-3 years 11% More than 3 years
- 9. ON THE MOVE Isthere scope for career progression within their current organisations? 59% 41% Yes No
- 10. TOP REASONS FORLEAVING 27% End of contract, retirement, redundancy 19% Salary and/or benefits package 19% Lack of future opportunities 10% Location 10% The work itself
- 11. RECRUITING CHALLENGES Top challengesemployers expect to encounter when recruiting this year: Shortage of suitable applicants Competition from other employers Unrealistic salary requirements Immigration restrictions
- 12. TOP SKILLS INDEMAND IT 31% Finance 29% Managerial/leadership 24%
- 13. WHAT EMPLOYERS CONSIDERIMPORTANT AND WHAT EMPLOYEES ARE ATTRACTED TO Employers Employees Career development 31% 27% Benefits package 16% 9% Challenging role/projects 16% - Work-life balance 11% 18% Location 6% 12% Job security - 11%
- 14. SALARIES IN THESPOTLIGHT Strong salary growth in certain areas of IT, HR, construction and property Salaries are largely stable in financial services, banking, office support, and accountancy and finance Entry-level salaries across a number of areas have increased
- 15. CONCLUSIONS IT and constructionand property salaries are expected to rise as skills shortages become more acute 4 out 5 employees will be looking to move jobs during the next 24 months Focus on Employee Value Proposition; aligning attraction and retention strategies with external messages
- 16. For more informationon salaries and recruiting trends, please visit hays.ie Dublin 01 897 2492 Cork 021 425 1020 Limerick 061 435 750 Galway 091 533 417 CONTACT US