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SALARIES ARE SET to rise by 5% on average, and by up to 20% for in demand and emerging niche skill-sets this year, according to the Morgan McKinley Irish Salary Guide for 2019.
Its analysis forecasts that the positive outlook for the economy has put pressure on the jobs market that will help to drive up salaries this year, with Ireland also well placed to receive an employment boost after Brexit.
With the UK due to leave the EU on 29 March, and the potential of a no deal remaining high, two surveys released today on the Irish economy are very-much Brexit-heavy in their forecasts.
While there is a degree of positivity regarding Ireland’s ability to cope with Brexit, there is also a certain limbo at present until we find out exactly how it will affect us here.
In a separate survey by KBC Bank Ireland and the ESRI, consumer sentiment was also strong in the first month of 2019, as spenders wait to see how Brexit may affect their pockets.
‘More attractive’
According to the analysis by the recruitment agency Morgan McKinley, 52% of employers who participated in its survey agreed that the Irish jobs market will be “more attractive” due to Brexit.
However, a large proportion of employees feel undervalued with 60% saying that they deserve higher salaries.
A similar proportion (61%) of workers say they work more than their contracted hours, while just over half (53%) of professionals are expecting a salary increase in 2019.
Employers cited a “lack of growth opportunities for employees” as the number one reason for employee attrition.
Morgan McKinley’s chief operations officer Ger Fitzgerald said: “Preparation for GDPR and the ongoing ramifications of Brexit have both positively impacted project orientated employment during 2018, however it remains to be seen whether the influence of Brexit will have an overall negative effect as it unfolds during 2019.
One side effect of the strong growth has been the extra pressure on the already stretched infrastructure, especially in Dublin, Cork and Galway.
With the economy at close to full employment we also expect that there will be increased pressure on salaries with an anticipated increase in wage inflation in 2019. We started to see this during 2018 with a significant increase in counter offers and much more vigorous attempts by organisations to retain their key talent.
‘Choppy path’
According to the KBC Bank/ESRI consumer sentiment index for January, spending indicators will remain on a “choppy path” in early 2019 as people juggle the risk of the UK crashing out of the EU with modestly improving conditions in the economy.
Irish consumer sentiment rose slightly in January on the back of post-Christmas sales and positive jobs news, which offset ongoing concerns over Brexit, KBC said.
The bank said that consumers are watching and waiting to see whether Brexit pivots towards “promise or pain” as they regulate their spending.
Its chief economist Austin Hughes said in his analysis: “Irish consumers have adopted a more cautious approach of late.
So, there seems to be scope for either a soft Brexit ‘bounce’ or a hard Brexit ‘bump’ in spending as 2019 progresses.
The index suggests that consumers aren’t ignoring Brexit, even if they aren’t sure how it will affect them going forward.
The weakest element of the survey was consumers’ outlook for the Irish economy, with people expecting a weaker rather than a stronger economy to prevail in the next twelve months.
Hughes added: “The uptick in sentiment in January is encouraging in that it suggests Irish consumers are not completely overwhelmed by Brexit gloom.
Although the details highlight fears the Irish economy might weaken and more caution in relation to spending plans, they also suggest consumers recognise the continuing strength of the jobs market.
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If the Irish Govt are giving you advice on anything Internet related then you really do have problems.
Especially seeing as the same government were still using Windows Xp despite it being discontinued, I think that particular failure cost the taxpayer €3.5 million.
“The Government is thinking” – I stopped reading after that silly line.
No doubt they’ll introduce an Internet tax to pay for it.
Just send all your usernames and passwords to the relevant department.
The government won’t be happy until they have full control of the Internet, way to free for them at the moment.
All those Facebook videos of guards beating people up and people saying they are sh!t on this site must do the powers that be heads in.
It’s driving the powers that be nuts that there is something they can’t control.
The Internet has aided in exposing corruption and tranny. But at the same time has given them a tool for spying and keeping tabs on the public.
A few lads I know have been caught out cross dressing on the internet….
Should read :
“The Government Is Thinking Up New Ways To Hack You”
:)
You are okay there, government – I’ll control my own information, if you don’t mind.
The same government who helped setup Irish Water, a company which they gave carte blanche powers to violate every part of the data protection act to track every citizen and all of their personal information in this country, and even after spending €80 million on consultants still ended up sending bills to dead people now want to give us advice on how not to get our data stolen online? Oh the sweet irony.
Is €80mn the final Bill?
The sub text to this article is control , but let’s start small and the government is doing it to protect you .
“It’s a great place for free speech, and so that must be protected, but in a way that is acceptable in the eyes of reasonable people.”
Now…what other asshat pocket stuffing politician coined the ‘reasonable people’ phrase…….I take it the ‘reasonable people’ are only those who agree with the Government and everyone else are ‘unreasonable people’ even if they are in the majority.
There appears to be 2 terms missing in this article .. “Snowden” and “encryption security” .. Ignoring Snowden for a moment (people usually do btw) , the degrading of encryption protection from the “Five Eyes” network and their political masters/slaves is a major stumbling block to stopping “hackers” and “other agencies” from attacking electronic networks.
Encrypted emails services are now illegal in Spain, The UK, China, North Korea and this is gaining ground in many other countries.
Snowden advised that people have password phrases, otherwise their passwords could be easily hacked in seconds..
Snowden also talked of the security apparatus being designed for attack and not defence (because of backdoors and encryption busting techniques.
Point is that if the governments can do it so can any half trained computer technician..
Using the war on terror to degrade our human rights (ie privacy) is not a good excuse, in fact, it plays into the hands of the terrorists and sends a chilling effect to the rest of the population.
Google Stasi techniques and consequences in east germany. And then put the surveillance apparatus now in place in the mix. I Hope that we dont have the wrong people get into power.. that might be very scary.
And lastly .. In an age of such surveillance techniques, If Ireland was invaded it would take an enemy about 1 hour to have a list of all possible AND FUTUREthreats against them (the wonders of technology) and we have no protections..
Snowden worked for a private company with access to all you phone calls and emails going back years.. And your childrens for that matter..
Too late… lol.
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