Business In The Workplace

Tuesday 16 July 2019

Brexit to have positive impact on executive salaries

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Ellie Donnelly

Ellie Donnelly

Business investment in Ireland will result in an increase in salaries at executive level, according to a report from recruitment firm Ardlinn.

The investment, which is in part being driven by companies relocating to Ireland on the back of Brexit developments, is helping to drive a growing demand for senior executive roles in FDI and the financial services sector.

This, in turn, is expected to result in top level salaries jump by as much as 20pc.

In addition, Ireland is benefitting from Dublin’s ranking as the number one city in the world for tech FDI.

Similarly, rises in top C level salaries in areas such as finance will continue to grow in 2019 due to sectoral growth, which now sees a €2.1bn contribution to the Exchequer with Irish-administered funds now exceeding €4tn, according to the report.

Meanwhile, salaries in the area of HR are expected to increase by 10pc this year, as businesses move to meet the needs of a fluid job market for 2019.

Áine Brolly Ardlinn founder and director
Áine Brolly Ardlinn founder and director

Ardlinn founder and director Áine Brolly said: "With international investment and asset managers setting up offices in Ireland on the back of Brexit, 2019 will see an increase in the need for senior executive appointments to manage workloads and capitalise on business opportunities."

"We predict that 2019 will be a year of expansion for Ireland’s FDI and finance sectors as demand grows for skills in these areas."

Ms Brolly added that while Brexit will be hugely challenging from an Irish economic perspective, "we are seeing certain sectors benefit from the uncertainty in the UK, with our stability and access to EU and global markets proving to be popular with international investors."

Online Editors

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