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Experis Ireland Q3 2022 Employment Outlook Report - Just Released
RECORD HIRING IN BANKING & FINANCE SECTOR Q3 2022DUBLIN HIRING INTENTION HITS ALL-TIME HIGH Irish Employment Outlook highest in Europe with +42% of employers intending to hire Ireland’s Finance sector sets record-breaking +50% hiring intentionDublin’s Employment Outlook at an all-time high of +48% Despite strong growth, 79% of businesses are struggling to fill vacancies DUBLIN, 19 May 2022 – Irish employers report highest Q3 hiring intentions since the survey began in 2006, according to the latest ManpowerGroup Employment Outlook Survey. In the third quarter of 2022, employers of all sizes plan to expand headcount significantly, driving the national hiring Outlook to +42%, up 10 percentage-points on last quarter, and an increase year-on-year of 24 percentage-points. Ireland has recorded the highest Net Employment Outlook in Europe, followed by Finland (+36%) and the Netherlands (+35%). The ManpowerGroup Employment Outlook Survey is based on responses from 425 employers across Ireland. It asks whether employers intend to hire additional workers or reduce the size of their workforce in the coming quarter. It is the most comprehensive, forward-looking employment survey of its kind in the world. The Banking, Finance, Insurance and Property sector is seeing the highest Net Employment Outlook since records began in 2006 (+50%), up 17 percentage-points on last quarter and up 40 percentage-points year-on-year. “The Finance sector is a leading player in the thriving Irish employment market” said John Galvin, Managing Director, ManpowerGroup Ireland. “Dublin’s financial sector – home to over 400 financial institutions operating globally – has become known internationally as a business-friendly hub for finance firms. Just a year on from Ulster Bank and KBC announcing they would be leaving the Irish banking market by the end of 2022, and amidst rising inflation, pandemic aftershocks, and the economic impact of the conflict in Ukraine, the strong hiring intention in this sector is a huge vote of confidence in both Ireland’s financial market and in business across the economy.” Employers in Dublin report a hiring Outlook of +48%, up 19 percentage-points on last quarter and the City’s strongest hiring intention on record. Outside the Capital, Munster (+51%), Ulster (+30%), Connaught (+30%), and Leinster (+30%) follow this robust hiring trend.“ Dublin is continuing to cement its position as a global city of business activity,” continues Galvin. “The Capital’s record hiring is driven by the ever-strong IT & Tech sector holding its strong performance from last quarter and is boosted by all-time high hiring Outlooks from the Dublin-based Finance Sector, Hospitality sector, and Construction sector. This strong performance is echoed across Ireland’s regions, nowhere more so than in Munster. We see this a big vote of confidence in the Irish economy as we enter the third quarter.” Despite record-setting hiring intention across Ireland, our data shows +79% of employers are having difficulties filling vacancies, which is up 7 percentage-points on last quarter. Galvin concludes: “As evident in markets across the world, employers are struggling to find applicants with the right skillsets for their needs. Candidates with in-demand skills have more choice and bargaining power than ever before, and employers need to look at talent-sustainable solutions if they want to attract and retain these candidates. That means improving their attractiveness to skilled candidates by investing in new training and advancement opportunities, upskilling employees, and making new job opportunities more candidate friendly with benefits like hybrid working and flexible hours.” Irish Hiring Plans by Industry, Region, and Employer Size: Banking, Finance, Accounting and Real Estate (+50); Restaurants and Hotels (+41) and Construction sectors (+55) all report record breaking Net Employment Outlook for Q3. Across the sectoral breakdown we see the following: Primary Production (+65%), Other Industry (+58%), Construction (+55%), Banking, Finance, Insurance and Real Estate (+50), IT, Tech, Telecoms, Communications and Media (+42%), Restaurants and Hotels (+41%), Other Services, (+40%), Manufacturing (+35%), Education, Health, Social Work and Government (+32%), Wholesale and Retail Trade (+27%) From a regional perspective Outlooks in Munster were (+51%), Dublin (+48%), Leinster (+30%), Connaught (+30%), and Ulster (+30%). From an employee size perspective, Micro (1-9 employees) +39%, Small (10-49 employees) +36%, Medium (50-249 employees) +42%, Large (250+ employees) +45%.
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Hiring Trends & Market Insights Webinar for Q2 2022 Now Available On-Demand
Watch the latest episode in our Webinar Series where ManpowerGroup Ireland will be discussing the latest data from our recently released Employment Outlook Report for Q2 2022which was featured on RTE News, Today FM, The Irish Times and many other news outlets. Register HereThe discussion will inform both short and long term workforce planning, as well as providing you with the latest employment trends, market insights, industry facts and HR statistics for Ireland as we enter another business quarter.We are delighted to be joined by Indeed, a Global market leader in recruitment, who will be sharing their unique first-hand knowledge and market intelligence with regard to the current state of play in the Irish employment market. The event is now available On-Demand by clicking on the registration link below. Key Webinar Takeaways Include:* A detailed knowledge of the hiring trends in Ireland for Q1 2022* Which sectors and roles are experiencing the highest demand* Where are the talent shortages* What regions and organisational sizes are experiencing growth* What has the Employer response been to the changing marketplace* Hiring insights & best practices guidance* Remote & hybrid working trends* How to position your business in a talent shortage marketThe event is now available On-Demand by clicking on the registration link below.
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ManpowerGroup Stands with Ukraine
Our #PeopleFirst Response to Supporting People in UkraineManpowerGroup stands with Ukraine, with Ukrainian People everywhere, and for peace.Our people’s safety and wellbeing is always our highest priority. Our teams on the ground, in neighbouring countries, and all across the world are providing extraordinary support through donations to aid humanitarian relief efforts, volunteering, job support and more.ManpowerGroup is committed to supporting the people of Ukraine – through financial relief aid, on the ground humanitarian efforts, employment support and more.What is ManpowerGroup Doing To Support the Ukrainian People?Supporting Humanitarian EffortsGlobally we have announced a $500,000 donation to aid humanitarian relief efforts through local and global organisations including UNHCR, the UN Refugee Agency. This donation will support efforts on the frontline to deploy relief items, provide cash assistance to those impacted and to support child welfare.We are providing direct, immediate humanitarian support on the ground– our own employees are volunteering their time and resources gathering emergency supplies, clothing and food, providing safe transport for women and children, and some are even opening their homes to provide shelter.We are locating and supporting our impacted Ukrainianassociates across Europe and working with our clients to provide our people with financial assistance and early pay to enable safe transit out of major cities and danger zones.Helping Integrate Ukrainian People into the WorkforceWe are working to integrate refugees into society and the workforce in their new country, through our work with UNHCR and in our ManpowerGroup regions on the ground, providing upskilling and reskilling opportunities and more.We are adapting our Manpower MyPath associate upskilling program to accelerate refugees to be ready for new roles; assessing, training and coaching those that need it, and finding assignments fast for those people ready to work right now.We are working with clients to review hiring requirements to fill vacancies and open job opportunities, and adapt roles – especially for women who make up a high proportion of the refugees.We will work locally with refugees offering professional advice and support: CV writing, interview support and general advice to support them into the workplaceClick Here to ViewAll of Our Latest JobsRegister Your Interest in Hiring Ukrainian Refugees For Your CompanyFor companies looking to offer employment opportunities, please provide your contact information and we will get back to you as soon as possible. ManpowerGroup Ireland are receiving employment support requests from newly arrived Ukrainian people on an ongoing basis from a variety of working backgrounds. We are actively reaching out to clients and associates companies to identity work opportunity for our candidates and aim to match clients and jobseekers wherever possible.Register your interest by completing the form below and we will get in touch with you.We thank our employees for their continued generosity and participation in these efforts.We will continue to be agile in our response and extending our expertise and resources in helping refugees find work, to resettle, reskill and find meaningful work.This page will be updated regularly to reflect ongoing developments. We are deepening our commitment and efforts to work together on challenges that none of us can solve alone.We are committed to rising to the moment, guided by our values and to being One ManpowerGroup – because we believe meaningful and sustainable employment has the power to change the world.
