IT & Technology Market Update Q2 2015

John Howe / July 7, 2015

IT & Technology Market Update Q2 2015

There is no doubt that the Irish economy is on the mend and nowhere demonstrates this more apparently than the IT sector in the Irish job market. January to the end of Q2 2015 has proved to be the busiest 6 month period the IT recruitment sector has seen since pre-recessionary times. We saw a significant increase in small to medium sized businesses beginning to hire mid to senior level software developers, testers, data analysts and support staff. Larger companies have continued their search for in-demand talent and there is no sign of this ending anytime soon. This has been brought about by Ireland’s continuous growth in the services and manufacturing sectors as well as a strong flow of FDI projects.

Recent key sector announcements included the following:

– Apple announced a €850m data-centre to be built in Galway (largest data-centre project in Europe)

– Airbnb extends its offices to the new “Silicon Docks” building

– ABEC Inc. is set to establish its European HQ & Manufacturing Centre in Cork

– Northern Trust expands it’s current operations in Limerick

Salaries and Compensation

The ‘War for Talent’ continues to rage on and clients are having to offer specialised and in-demand candidates increased monetary benefits as the strive to retain their top performers. As a result we expect salaries to rise moderately in areas such as Big Data, Java, .Net and Python development over the coming months. That said, salary is not the only tool employers are utilitising to sweeten the deal; More flexible working hours, bonus structures and perks such as gym membership and on-site free meals are being offered to lure talented professionals.

Trends

Ireland is quickly becoming a global leader in social entrepreneurship. Having risen from the ashes of the financial collapse in 2008, a new wave of opportunistic, intelligent and pioneering young professionals have dragged Ireland towards a new era of innovation and are responsible for the creation of over 30,000 jobs with over 60,000 more to be created over the next couple of years. The Technology sector represents a high proportion of the social entrepreneurship in Ireland. We have recently seen a strong start-up culture come to the fore with many start-ups located in Grand Canal Dock and The Digital Hub on Thomas Street searching for customer focussed, tech savvy professionals.

In Demand Candidates

Big data and software development are continuing to be the areas where candidates are in the most demand, particularly in specialisations such as Business Intelligence, Java and .Net Developers.

Key skills and technologies which are increasingly being sought include: Linux, SQL, Scripting (python, ruby) Coding (.Net, Java), Automation (Selenium Webdriver, JMeter), Mobile (Android and iOS) (Perfecto Mobile/Device Anywhere), Web (API, SOAP, UI).

Future Predictions

Looking towards the second half of 2015, we envisage many more Tech start-ups and SMEs continuing to look for more skilled and qualified IT professionals as both Irish companies and global businesses look to either enter the Irish market or significantly increase their headcount. Ireland recorded the joint largest drop in unemployment in the EU this Q2 and certainly in the area of job creation, the IT sector continues to lead the way. We look forward to more of the same for the coming quarter.

If you are interested in having a confidential discussion about the current IT & Technology opportunities on the market, please feel free to get in touch bmccarthy@lincoln.ie or on 01 661 0444. 

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