Shortage of skilled staff pushes pay upwards
A review of career and salary trends by recruitment consultancy Morgan McKinley shows the jobs market is opening up for skilled professionals in key industries.
It anticipates salary increases of 5%-10% for existing employees with specialist skills in areas where demand for their know-how is increasing.
Morgan McKinley anticipates a rise in demand for computer programmers, particularly those fluent in Python and JavaScript.
The recruiters also foresee increased opportunities for employees with skills in the regulatory fields now that data protection, cyber-security, and money-laundering safeguards are all crucial to financial service companies.
While much emphasis has been placed on Chinese as the language most likely to help you succeed in the multinational jobs market, the trends show the most demand is for those who speak German, Dutch, and Arabic, as well as Nordic languages.
“This is the first time for many years that we have been able to report a buoyant recruitment market across all sectors and professions”, said Tracy Keevans of Morgan McKinley.
But she warned that the flipside of extra job opportunities for employees was that some employers were finding vacancies hard to fill. “There are already signs of talent shortages in a number of areas. Ireland’s need to continue to invest in, develop, and attract top-class professionals cannot be underestimated,” Ms Keevans said.
Attractive salaries can help and, according to the survey of 30,000 professionals recruited here last year, a chief executive can expect to earn a basic wage of €160,000-€280,000; a tax director up to €120,000 depending on size of firm and location; and a mortgage arrears manager, €60,000-€100,000.
The top salary recorded is €300,000 for a “head of legal” while an experienced Python programmer is on €55,000-€70,000.
