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Sigmar NFI up 27%

Sigmar Recruitment has today released its job placements figures for 2015, reporting a 27% increase in Net Fee Income (NFI) on 2014 with strong consistent growth across all sectors.


This figure represents the highest annual growth since 2007 and the company further predicts 33% growth this year.


The company has forecast a healthy growth across all sectors and in IT, financial services and accounting in particular. It expects its permanent business to perform particularly well.


CCO Robert Mac Giolla Phádraig, said, “There is a renewed buoyancy in recruitment and 2015 was the year that saw recruitment return to the peak days of 2007. Many factors combined throughout the year, including GDP growth of 6%, continued job creation among existing multinationals, strong growth in FDI, and favourable (sic) conditions for Irish exporters (Euro FX) solidified the steady recovery of recent years.


“As expected, the surge in demand brings its own challenges and 2015 saw a growing dependency on recruiting talent internationally with 14% of all jobs filled by overseas talent with figures as high as 34%  in some sectors, namely IT. This figure comprises both foreign nationals and Irish nationals who were forced by lack of opportunity to emigrate during the downturn.


 “Sigmar has forecast 33% growth this year, making 2016 likely to be the best year ever in Irish recruitment.”


With unemployment set to fall by 12.5% this year (10.2% in 2015), Mac Giolla Phádraig predicts salaries will rise by 3.6% in the coming 12 months.


He says, “2016 will undoubtedly be the strongest year ever in Irish recruitment with an increase in permanent jobs placements indicative of the return to full employer confidence.


“However, such strong demand brings with it its own set of challenges for the jobs market with the war on talent set to escalate in 2016.


“As a result, this is the year that recruitment and retention will have to top employer agendas as employers struggle to not only attract top talent, but retain said talent too. With increased complexity around ways of working (outsourced, remote, freelance, contingent, perm) and generations at work, aligning motivation and engaging the entire supply chain of work around a central “Purpose” is becoming a key theme for employers in 2016.”


The top 5 skills in demand in Ireland throughout 2016 are: analytics & data science; software development; virtualisation; accountancy; compliance & risk. 

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