Morgan McKinley: Bonus culture is back for financial firms

Irish finance companies are paying professionals bonuses of up to 25% as the “bonus culture” returns to Ireland, according to the latest recruitment survey from Morgan McKinley.

The recruitment firm also said economic growth here and what it termed “the recent positive sentiment” meant emigrants who had left seeking work during the crisis were seeking to return home, particularly from London, Australia, and Canada.

Citing IDA data for rising numbers of people employed by multinationals, it said skills shortages in certain professions are re-emerging as services firms chase the same type of professionals.