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One-quarter of Irish firms plan on hiring new staff soon

Employers expect to create as many jobs as are laid off for the first time since 2009, according to an IBEC survey.

ONE QUARTER OF Irish businesses plan on creating new jobs within the next three months, according to a new survey of IBEC members.

The study shows that companies are steadily growing more confident about the economic situation. Currently the IBEC business confidence index stands at -13, but it has been trending upwards since the end of last year when it stood at -32.

People who own their own business are significantly more optimistic, with a confidence index of +17.

In terms of job creation, employers’ expectations are out of negative territory for the first time since IBEC began the survey in 2009 – meaning that some businesses are expecting to create as many jobs as others lay off. One quarter of employers expect to take on more staff, with roughly half planning no changes and the last quarter expecting a reduction in payroll numbers.

Fergal O’Brien, chief economist with IBEC, said: “Economic conditions across Europe have been hit by a crisis of confidence in recent months but for now it does not appear that this has severely impacted on Irish companies. The majority of Irish businesses remain confident about both their current business performance.”

He added that exports were performing particularly strongly. The survey was compiled of responses from 400 companies, all members of IBEC.

Read more: Clinton: The world is confident about Ireland’s future>

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9 Comments
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    Mute Mark Andrew Salmon
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    Oct 10th 2011, 7:27 AM

    If one quarter take on staff and one quarter lay off staff and one half do neither = no change?
    (Depending on the numbers of course but you get my point)

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    Mute Ann Illing
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    Oct 10th 2011, 8:27 AM

    Extra staff for Christmas ?

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    Mute Jeff
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    Oct 10th 2011, 9:23 AM

    If you can speak a foreign language & turn on a computer or work with computers there are plenty of jobs in Ireland, we need to change the education system/ training system to meet this demand.

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    Mute Alex
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    Oct 10th 2011, 7:29 AM

    In the next 3 months or for the next 3 months? Statistics are wonderful things.

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    Mute Conor Hickey
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    Oct 10th 2011, 8:37 AM

    Interns? Work for Bill Cullen?

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    Mute EM
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    Oct 10th 2011, 9:17 AM

    There are still plenty of technical jobs in Ireland. I know lots of companies hiring and finding it difficult to get people!

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    Mute Neil
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    Oct 10th 2011, 11:16 AM

    We’re not producing enough graduates for these jobs. For all the talk about the ‘smart economy’ in recent years, we’ve not promoted science, maths and engineering enough.

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    Mute Apple ireland
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    Oct 10th 2011, 8:11 AM

    yes an effort to cheer things up… an effort i suppose. don’t mix it up with fact though…
    aaaah well….

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    Mute Barry Healy
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    Oct 10th 2011, 11:32 AM

    I think they need to start reopening techical schools at second level. I remember plenty of lads in school who, if offered a more techinical, practical education, encompassing computers or engineering but also languages and business from second level on, they would have stayed in school till the leaving and probably have gone straight into college. The current curriculum far from suits everyone and shudnt be used to write-off people simply because they don’t fit in it! A second option is needed to help train up these people from earlier in their academic careers!

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