The construction and property sector in Ireland has experienced considerable growth over the last year, with the country’s top firms recording an increase in turnover of 12%, according to our latest Hays Ireland Salary & Recruiting Trends 2019 report.
Firms like John Sisk & Son, Mercury Engineering and BAM are leading the way, with turnovers well into the hundreds of millions, a trend which is expected to continue over the coming year.
The rise in construction has been most obvious in Leinster, but most cities across Ireland have seen an increase in activity.
As a result, recruitment is high on the agenda for professionals across the industry – from architects and civil and structural design engineers to site engineers and project managers. And growing confidence means that many firms are looking to recruit full-time permanent employees, rather than short-term and contract staff.
However, ongoing skills shortages have resulted in a notable rise in salaries, in most sectors and in most areas of the country. The average salary increase last year across construction and property was 3.1%, with some salaries increasing by as much as 10%, including for intermediate M&E design engineers and architects.
While the outlook for the sector is looking positive following Ireland’s economic recovery, there are still one or two challenges for the year ahead. Low margins are having a negative effect on relationships and payments within the extensive construction supply chain. Furthermore, the demise of big firms in the UK in 2018 highlighted the precarious nature of the industry supply chain, leading to a number of Irish builders going into liquidation.
But there is far more good news than bad. So with activity forecasts looking optimistic, a competitive market and a shortage of candidates available, firms need to take a good look at their employee offering, in order to attract new employees and convince existing talent to stay.
To discover more insights about the construction insert specialism market, and the prospects for the next year for construction and property as a whole, request your copy of the latest Hays salary guide here.
For more information or to discuss your recruitment needs in this field, please contact your local consultant.
Ferdia joined Hays in 2011. With over 6 years' experience, he currently manages the Construction & Property team in Dublin. Ferdia recruits within the Building Services sector in Leinster.
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