Latest news from Boston Scientific, Galway and Ireland
The Great Comeback Blog
March 22, 2019
Why Ireland’s the place to be for employment right now

The Emerald Isle is certainly famous for its culture, music, rugby and horse-racing (to name a few). But there are plenty of other reasons as to why Ireland is a fantastic place to live. Not to mention that it’s also one of the best places to be for employment right now. In fact, with a really healthy-looking economy and an exciting mix of employers housing their offices in Ireland, now could be the perfect time to look for a new role here.

Booming economy
According to the European Commission, Ireland is set to be the second fastest-growing economy in Europe this year. New EU statistics show GDP is due to grow by 4.1% in 2019. Ireland ranks 5th of 187 in the IMF table and 6th of 175 in the World Bank ranking for GDP per Capita. These stats show that the nation as a whole is experiencing great prosperity, putting businesses in a favorable position.

More jobs on offer
A report, titled ‘Engineering 2019: A barometer of the profession in Ireland’, by Engineers Ireland highlighted a significant demand for Engineers in Ireland with over 6,000 job vacancies expected in 2019.  According to data taken from IrishJobs in October 2018, the amount of jobs being advertised in Ireland has risen by 4% year on year. “IrishJobs.ie’s two high-tech industry case studies, medical professionals and healthcare and science, pharmaceuticals and food, continue to perform well (+28% and +9% increases in vacancies, respectively) and reflect Ireland’s preeminent status as a global centre for pharmaceuticals and medtech.”  In fact almost every county in Ireland experienced growth in their volume of job vacancies in Q3 2018.

Ireland is deemed to be at full employment with the most rate figures indicating 5.6% unemployment as of February 2019. The pharmaceutical industry employs about 50,000 workers and the MedTech sector employs almost 25,000 workers.  HERO have partnered with Boston Scientific Ireland to recruit for Quality Engineers, Manufacturing Engineers, R&D Engineers, Industrial Engineers, Supplier Quality Engineers, Supply Chain & IT roles to name just a few.

So, with more companies looking to hire additional members of staff, if you’re currently looking for work, or are considering a job change, now could be the perfect time to consider relocating to or relocating back to Ireland.

Higher salaries
According to data taken from the CV-Library.ie site in June 2018, advertised salaries for jobs in Ireland increased by a staggering 12.2% year-on-year and 5.9% month-on-month.
In addition, the country’s capital saw an even larger hike in pay, with wages increasing by 13.6% in Dublin, compared to May.  Interestingly, a survey conducted amongst candidates in CV-Library.ie’s database found that workers in Ireland were some of the least likely to say that they were underpaid: with just 35.7% stating that they believe they should be earning more money, compared with 65.3% in the UK.  And finally if you are working in Ireland the good news is that 80% of companies plan to increase basic pay in 2019 according to IBEC.

So, with advertised salaries rising, now is definitely a great time to find a new job in Ireland, especially if you’re one of the above percentage that thinks you aren’t earning what you should be.

Exciting companies
Ireland is fortunate enough to be home to some major players across a whole host of industries. For example, top tech companies including Dell, Apple, HP, Intel and Google, reside in the country as well as key employers within the medtech & pharma industry such as Boston Scientific, Stryker, Medtronic and MSD, it’s a hub of opportunity

Alongside this, the start-up culture is booming, with analysisrevealing that 2017 was a record year for the number of companies being set up in Ireland.  62 companies formed every day in the first quarter of 2018.  Galway was the third most popular location with 4 per cent of all new companies, however, Cork saw the biggest regional increase in company start-ups with the county recording a 12 per cent annual rise.

This means that, if you want to work for a corporate giant, or a smaller business, the vast array of employers in Ireland can offer the best of both worlds.

In summary
It’s clear that Ireland continues to boom and is in a particularly favorable position right now. Therefore, if you’re thinking about relocating to Ireland or searching for a new role, now could be the right time –
If you’re open to seeing job opportunities in Ireland then check out www.greatcomeback.ie or email [email protected]  #greatcomeback

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