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Market insights: How to attract and retain talent.

With global economic uncertainty, appetite to hire will undoubtedly be adversely affected. This said, judging by the sentiments of hiring organisations and the people required to fill those vacancies, there will be sustained levels of movement.

 

of employers are planning to hire new permanent, temporary or contract staff in the next 6 months.

 

of professionals plan on looking for new roles in the first half of 2023.

 

of employers think they will lose staff to other organisations with higher earning potential.

Ireland will be able to approach any turbulence in 2023 from a relatively steady position. With a sense of caution, we expect another positive hiring market this year.

- Trayc KeevansGlobal Foreign Direct Investment Director, Morgan McKinley

This is your opportunity to Go Beyond all expectations.

How can you increase your hiring success rates?

1. Top 5 reasons professionals want to move roles.

 

of professionals intend to look for new jobs in the first half of 2023. Here are the main reasons for wanting to move...

  • Higher salary
  • Career development opportunities
  • Better culture and leadership
  • Meaningful and impactful work
  • Ability to work fully remote

2. Key benefits to offer.

 

According to our research, only 25% of professionals have a say over the benefits they can choose. If you give your people greater flexibility around their benefits, you stand more of a chance of successfully hiring in 2023.
In terms of benefits that professionals in Ireland actually desire and value, the top 5 are:

  • Pension
  • Health insurance
  • Work from home
  • Flexible working hours
  • Work where you want policy (remotely/overseas for a period of time)

3. Flexibility in working patterns.

The importance of flexibility and the right to work remotely cannot be underestimated. According to our research, the preference for the number of days in the office when applying for a new role is as follows:

Clearly, giving the workforce more freedom around where and when they do their work should be a focus. Employers are eagerly following the Work Life Balance and Miscellaneous Provisions Bill 2022, which will give employees a legal right to request remote working.

The state of salaries in Ireland...

In a highly competitive hiring market, where the jobseeker is often in multiple processes at once, those that offer the most substantial increases in pay are more likely to be chosen.

67%

of employers have had to offer higher than anticipated salaries to attract new employees.

73%

of employers have had to increase salaries to retain existing staff in the last year.

57%

of professionals are expecting to receive salary increases in 2023.

2023 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 2023.

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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A full range of Talent Services...

Whether you need new people to scale up your teams, or you’re looking for specific skills to help your business react fast, our full range of talent services will deliver. We Go Beyond to find you the right people.

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Advice for successful hiring.