Technology Q1 2024 Market Update

General Observations

The technology job market in Ireland during the first quarter of 2024 has shown promising signs of recovery compared to the previous year.

The technology sector remains resilient despite external uncertainties, demonstrating its importance to the Irish economy.

Companies are increasingly focusing on digital transformation initiatives, driving demand for professionals with expertise in areas such as cloud computing, cybersecurity, and data analytics.

Remote recruitment processes, including virtual interviews, has become standard practice although most companies are still keen to have people in the office for onboarding.

Following the economic challenges of 2023, the technology job market in Ireland has started to rebound. Companies have resumed hiring activities, signalling renewed confidence in the sector.

Salaries in the technology industry continue to rise, reflecting the increasing demand for highly skilled professionals. This trend is driven by competition for talent and the need to retain experienced employees in a competitive market. Top talent is now only moving for a significant increase with companies having to be flexible on their non negotiables when hiring if they are looking for someone in budget.

The adoption of hybrid working models has become commonplace among technology companies in Ireland. This flexible approach to work is embraced by both employers and employees, offering a balance between remote and office-based work environments.

Skills in demand

  • Cloud Computing: Proficiency in cloud platforms such as AWS, Azure, and Google Cloud continues to be highly sought after, as companies accelerate their migration to the cloud and invest in cloud-native solutions.
  • Cybersecurity: With the increasing frequency of cyber threats, there is a growing demand for cybersecurity specialists who can safeguard digital assets and mitigate risks effectively.
  • Data Analytics: Data-driven decision-making is a priority for organizations seeking to gain competitive advantage. Professionals skilled in data analysis, machine learning, and business intelligence are in high demand.
  • Project Management: The trend of digital transformation has continued with a lot of hiring still taking place in the PMO space.

Advice to jobseekers

To stand out in a such a highly skilled area, continuously upgrade your skills and stay abreast of emerging technologies to remain relevant in the job market. It is also worth seeking opportunities for professional development and networking to expand your knowledge and career prospects.

Consider the cultural fit and growth opportunities offered by potential employers when evaluating job opportunities. After the shockwaves that went through the technology sector in 2023, companies are hiring but with strict budgets, candidates may not get the 15-20% increase in salary they are looking for. It is worth evaluating other potential benefits of potential new companies.

Advice to employers

To stay competitive in the talent market companies, need to be offering competitive salaries and benefits packages to attract and retain top talent. They must also embrace flexible working arrangements, as most have, to accommodate the preferences of employees and adapt to changing work trends.

One potential solution to the large increase in salaries top talent are looking for to leave their current role is to invest in upskilling and reskilling initiatives to address skills gaps and future-proof your workforce. It is also worth being as flexible as possible when deciding must haves and nice to haves on future hires.

Eddie Farrell avatar
Senior Recruitment Consultant
+353 1649 8590