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Market insights: Empowering your talent strategy.

As a sense of normality enters the global economy, hiring activity will steadily pick up in 2024. With the talent drain to overseas a growing issue, competition for the best talent will remain strong.

 

of employers in Ireland see ‘Lack of skilled candidates available’ as their main hiring challenge for 2024.

 

of professionals in Ireland plan on actively looking for a new job in the next 6 months - 17% down from last year.

 

of employers have lost out on hiring new talent in the last 6 months as they can’t compete on salary and benefits.

Nothing highlights the value of having the right talent in a business more than a period of turbulence or transformation. Strategic thinkers and high-performers show their true value.

- Ronan HillChief Operations Officer, Morgan McKinley Ireland

This is your opportunity to Go Beyond all expectations.

How can you be successful in the evolving talent landscape?

The top 5 hiring challenges companies will face in 2024.

 

of organisations in Ireland found hiring ‘Very’ or ‘Quite’ competitive in 2023. The main barriers for recruitment in 2024 are…

  • Lack of skilled candidates available
  • Pay and benefits not competitive enough
  • No budget to hire
  • No sign off for new headcount
  • Employer branding not attractive

What do people want? Key benefits to offer…

 

Employees in Ireland are not very satisfied with the benefits they receive, with 54% being ‘neutral’ , ‘dissatisfied’ , or ‘high dissatisfied’ with their packages.

Offering strong benefits, both financial and non-financial, increases your chance of attracting and retaining top talent.

    Top 5 most desired benefits:

  • Pension
  • Health insurance
  • Work from home
  • Bonus
  • Flexible working hours: Flexi-start, flexi-finish

Flexibility is still high on the agenda.

 

Flexibility around working patterns remains a prominent request, yet 42% of organisations are asking staff to be in the office more regularly compared to this time last year.

Giving freedom around where and when your people do their work gives your attraction and retention a boost.

Up, down or flat? The state of salaries.

Despite a cooled market, the top talent will always be in high demand. Ensuring that salary offers meet expectations will be key to attracting, and retaining, the top performers in 2024.

56%

of organisations kept their salary bandings level over the second half of 2023.

69%

of employers plan to increase salary offers in 2024 for certain, hard-to-fill roles.

58%

of professionals are optimistic that they will receive an increase in 2024.

2024 Ireland salary guide.

Explore salaries to find out how much you should be paying your employees or how much you could be earning this year.

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Download your Salary Guide for 2024.

Salary data, insights and advice to guide your talent strategies. Benchmark what you are paying your teams against the industry averages for roles in your location.

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