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71 per cent of employers plan to recruit next year

Three out of four employers plan to recruit more staff in 2011. That was one of the main findings of research conducted by Hays, the world’s leading recruitment experts in qualified, professional and skilled people, who surveyed 242 employers and 1,215 employees across Ireland.

The survey results pointed to a more active jobs market as the number of people seeking alternative employment has risen by 25%. Hays also canvassed unemployed professionals across Ireland and found half (47 per cent) of them are feeling positive about their chances of securing employment in Ireland in 2011.

“It’s great to observe such a positive attitude to employment at ground level,” said Richard Eardley, Managing Director of Hays in Ireland. “Recent headlines would suggest the country is heading downwards, but our experience is that people are very definitely hiring again and candidates have more confidence with regards to moving jobs.”

In respect to employers plans for 2011, there are far more opting for pay increases rather than cuts. While 33 per cent imposed decreases in 2010, only 10 per cent will in 2011. Bonuses are back on the agenda with twice as many employers planning to pay out in 2011 than did in 2010.

One in five (21 per cent) employed respondents have had an increase in their salary in the last twelve months with more than half of those seeing increases of 20 per cent and above. In addition 37 per cent did not experience a reduction to their salary in 2010 despite prevailing economic conditions.

Unemployed respondents were asked would they take a cut in their previous pay level to secure a job. Some 83 per cent said they would. This ranged from 36 per cent accepting up to a 10 per cent cut, to four per cent who are willing to accept a salary reduction of two thirds.

Hays survey also examined the differences in employment activity between export-led companies and those focussed on the domestic market. It highlighted a stronger level of optimism amongst export-led companies. One in two (51 per cent) employers stated they feel more confident about their organisation’s stability and potential for growth than they did 12 months ago. This increases to 62 per cent when we look only at export-led companies and decreases to 46 per cent for domestic companies.

One very positive trend observed by the survey was an appetite for up-skilling amongst the unemployed. Half of the unemployed respondents said that they were attending training courses to enhance their skills. A further 23 per cent intend on taking up such courses.

“The job market has become extremely competitive and people realise that if they have been out of work for an extended period of time they will need something else to give them an edge over other candidates”, added Eardley.

When asked where they would look for work 70 per cent of unemployed respondents stated they would look abroad: 38 per cent in the UK; 13 per cent in other Western European countries; 13 per cent in Canada; 12 per cent in Australia and 7 per cent in the USA.

Hays will be holding Career Clinics at the Career Zoo event in the Dublin Mansion House on the 15th and 16th January. Candidates can seek advice on their CVs, job preparations and job searching strategy. For more information go to careerzoo.ie.

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About Hays

Hays plc (the "Group") is the leading global professional recruiting group. The Group is the expert at recruiting qualified, professional and skilled people worldwide, being the market leader in the UK and Australia and one of the market leaders in Continental Europe. The Group operates across the private and public sectors, dealing in permanent positions, contract roles and temporary assignments.

As at 30 June 2010, the Group employed 6,845 staff operating from 270 offices in 28 countries across 17 specialisms.

For the year ended 30 June 2010:

the Group reported net fees of £557.7 million and operating profit of £80.5 million;

the Group placed around 50,000 candidates into permanent jobs and around 180,000 people into temporary assignments;

26% of Group net fees were generated in Asia Pacific, 30% in Continental Europe & RoW and 44% in the United Kingdom & Ireland

the temporary placement business represented 58% of net fees and the permanent placement business represented 42% of net fees;

Hays operates in the following countries: Australia, Austria, Belgium, Brazil, Canada, China, the Czech Republic, Denmark, France, Germany, Hong Kong, Hungary, India, Ireland, Italy, Japan, Luxembourg, the Netherlands, New Zealand, Poland, Portugal, Russia, Singapore, Spain, Sweden, Switzerland, UAE and the United Kingdom.

For more information on Hays, go to www.hays.ie

For further press information or to set up an interview please contact:
71 per cent of employers plan to recruit next year

Tom McEnaney
T. 087 2222 666
E. tom@tommcenaney.com

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