100,000 Jobs Will Be Filled Despite Slow Down Posted on Wednesday, July 16, 2008
By Stephen Rogers (Irish Examiner)
MORE than 100,000 jobs will be filled by recruitment agencies this year despite the downturn in the economy.
The National Recruitment Federation said there are thousands of positions available but jobseekers are trying to cherry-pick their employment. The majority of vacancies are in the Financial, Hospitality and the Professional Services sectors.
“People in the 1980's would have fought much harder to get any job,” said the federation’s president Frank Collins. “While the situation has not yet reverted to the way things were then, young people have grown up in a climate where jobs were much more available.”
“They need to be a bit less choosy,” he said. “The old adage that it is easier to get a job when you have a job still applies. If six months pass, and a person has not taken a job, prospective employers will start to ask questions.”
He said based on the figure of 2.1 million people in employment, one could expect a churn of 200,000 job vacancies annually created by factors such as people retiring or changing jobs during a tough economic climate. In a more buoyant financial climate that could rise to 300,000 as jobs are generated.
Mr Collins insisted the jobs front is by no means doom and gloom.
“Yes there are the numbers of unemployed, but there are fewer people in jobs looking to move, so there are fewer applicants. Therefore it is as easy to get a job as it used to be,” he said.
He said there will be large numbers of jobs created in almost all sectors, even construction, which has received adverse publicity in recent times.
“There may not be jobs in the residential building sector but other sections are still recruiting. Hospitality, the financial sector and all the professional services are still generating employment,” he said.
Hay’s specialist recruitment director Rowan O’Grady agrees that there are still plenty of jobs available.
“Industry across the country has seen a change in the marketplace with a slight reduction in the number of vacancies coming up but we are still talking about an extremely healthy level of opportunity out there.
“What we are seeing is a change in approach from employers. Employers six years ago were dealing with an almost critical number of vacancies. They are now taking a more considered approach to recruitment.
“Overall, regardless of sector, well-prepared, quality candidates will have no problem finding opportunities,” said Mr O’Grady.
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Professionals to earn 50pc more in 2007 - Tuesday, February 20 12:18:18(BizWorld)
Quantitative analysts, solicitors and find accounting managers now have the potential to earn 50pc more than last year, according to the IrishJobs.ie 2007 salary survey results.
Valerie Sorohan, marketing manager, IrishJobs.ie said, "Certain positions, such as sales executives, quantity surveyors, engineering roles, fund accountants are difficult to fill and in some cases this impacts very positively on salaries."
Managing directors and finance directors are earning an average of up to E250,000 and E220,000 respectively, the survey showed.
Topping this, the report shows that tax partners in public practice can earn up to E280,000.
The highly paid professions include accountancy, finance, human resources, IT and legal. An IT director can earn up to E150,000 while a HR director of a large company (750 + employees) can expect to earn up to E190,000, according to the survey.
Although the survey shows modest growth in banking salaries, certain positions have seen significant growth.
A fund accounting manager can now earn up to E150,000 compared to E120,000 last year.
Quantitative analysts have also seen significant salary increases. In 2006, they had the potential to earn up to E80,000. Today they can now command up to E120,000, representing a massive 50pc rise.
Construction still remains a sector with high earning potential.
As per the survey, senior estimators (5+ years experience) and senior quantity surveyors are the highest earners but a contracts manager is showing highest year on year salary increases of up to 17pc.
According to the survey, contracts managers can now command up to E140,000 in Dublin with salaries of up to E115,000 in Cork/Limerick and E110,000 in Galway.
Taking a career in the legal sector promises high salaries that are showing a continuing rise, the survey says.
A salaried partner is revealed to be the highest earner commanding up to E160,000, compared to E120,000 in 2006.
A solicitor with 6+ years experience in a large sized specialist firm could earn up to E100,000 in 2006. Today they can command up to E150,000, an increase of 50pc. Graduates can expect to earn up to E28,000 an increase of 12pc year on year.
In hotel and catering, the biggest year on year increases revealed are for bar managers and hotel managers.
Bar managers with 3 + years experience can earn up to E45,000, an increase of 28pc. The highest earner in the hotel and catering sector is the general hotel manager with 3+ years of experience who can earn between E70,000 and E140,000 plus expenses, plus bonus, enjoying the highest salary increase in the sector of 40pc.
Although working in Dublin generally earns the higher salary, this in most instances can balance itself out due to cost of living
"The IrishJobs.ie Annual Salary Survey provides important information to jobseekers, employees and employers alike. Although there are many different factors, which contribute to job satisfaction, it is very important that your salary is in line with the industry average. Salaries should reflect the level and scope of your position and also recognise qualifications and experience. Incentives are key, but discrepancies in pay can affect employee morale and as a result, loyalty and productivity,'' Ms. Sorohan said.
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