Thursday 21 February 2019

Skills shortage and cost of living 'boost salaries'

 

'Candidates for jobs in the human resources sector who have only one year’s work experience are now expecting to be paid €30,000 and up, an increase from last year’s salary expectations, which were in the low-to-mid €20,000 range, due to the rising cost of living in the capital' (stock photo)
'Candidates for jobs in the human resources sector who have only one year’s work experience are now expecting to be paid €30,000 and up, an increase from last year’s salary expectations, which were in the low-to-mid €20,000 range, due to the rising cost of living in the capital' (stock photo)

David Chance

Salaries are rising strongly across the board, with pay boosted by skills shortages and in some cases the high cost of living, according to a survey by Cpl Resources published today.

The report, by Ireland's largest recruitment agency, said that some of the best paid jobs were in actuarial work, technology, risk, compliance and data, with the best paid role being head of fund services for the Europe, Middle East and Africa worth up to €350,000 a year, followed by chief actuary at up to €320,000.

"Brexit has also seen the fund and asset management market become increasingly competitive with a number of international investment and asset managers setting up management companies in Dublin, Cpl said.

It is not just senior roles that are seeing strong demand and high wages, the agency said.

Candidates for jobs in the human resources sector who have only one year's work experience are now expecting to be paid €30,000 and up, an increase from last year's salary expectations, which were in the low-to-mid €20,000 range, due to the rising cost of living in the capital.

The broad-based nature of the pay recovery was also reflected in the sciences, where the most in-demand candidates were specialists with three to five years' experience.

"Good candidates are becoming harder to find, and clients have reduced the interview process to avoid losing potential talent," said Cpl senior director Rob Daly.

Irish Independent

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