Friday 23 March 2018

Eighteen staff earning more than €100,000 at Enterprise Ireland

Julie Sinnamon, CEO of Enterprise Ireland
Julie Sinnamon, CEO of Enterprise Ireland

Gordon Deegan

The number of Enterprise Ireland staff earning more than €100,000 stands at 18, new figures show.

Figures released by Enterprise Ireland (EI) in response to a Freedom of Information request show one staff member is on between €150,000 and €200,000, while 17 earn between €100,000 and €150,000.

The agency - led by chief executive Julie Sinnamon, inset - revealed that 16 of the staff earning between €100,000 and €150,000 are based in Ireland with the 17th based in China.

The 18 earning over €100,000 compares to 14 in that bracket at the IDA. But the number earning over €100,000 at EI has fallen from 40 in 2012. "The reason for the decline in the numbers at salary levels highlighted is primarily down to natural attrition rates and EI's recent voluntary redundancy programme," a spokesman said.

Last year, EI-supported companies created 19,705 jobs.This resulted in a net increase of 8,476 in the number of people employed by EI-supported companies, the highest net gain in the history of the agency.

Separate EI documents released show that the internal auditors found there was a failure to request approval from EI's Finance & Operations Committee for consultancy costs relating to a three-year International Graduate Programme. The 2014 audit graded the shortcoming as 'important' requiring a plan of action to resolve the issue. The report found that a consultancy firm that tendered successfully for the provision of the graduates programme was paid fees totalling €122,340.

The auditors' report said that approval was sought from the Finance & Operations Committee of €30,000 per annum over three years. The auditors state that Human Resources asked that this sum be increased to €39,460 totalling €118,380.

The auditors state: "The committee approved in the first instance expenditure of €50,160 as part of the overall budget for the project and requested HR to return to the committee at a later stage with details of further requirements. HR did not revert to the committee."

Irish Independent

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