Careers and Jobs

Redundancy is a huge topic in Ireland today forced on us by changes in economic conditions. It is not a new term and has been part of the employment landscape for the last decade only hidden by the roar of the celtc tiger. Redundancy for many is a forced situation where they have no choice BUT what about the voluntary redundancy scenario – what do you do when you are offered VL? Do you take the lump sum and run? OR sit tight in these rough ecomonic conditions? There is no right answer to this situation as each case will be unique. There are positives and negatives and cases for both options. I have attached an article on voluntary redundancy I posted for the Irish Independent. (Please note that I have no credit for this but have requested that it be added) – Voluntary Redundancy

I wrote yesterday about the great news released that PAYE workers had reclaimed 1.5bn in tax over the last 4 years BUT guess what!! Abuse and health scandals have just wiped this out. When you sit the cost of the Tribunals on top of this we are actually worse off.

So any good jobs news stories today?

FINANCIAL SERVICES – Cork was once known for its strong Pharmaceutical Sector (and GAA strikes) BUT now it seems that it is building its own little IFSC. Citco has announced that it is creating 150 new jobs. The company already employs 145 in Cork. The majority of the new roles will require 3rd level business/accountancy. Ireland is now has over 40 companies employing over 9000 staff in the funds administration sector.

INFORMATION TECHNOLOGY (IT) - More than half of senior technology executives are confident about the sector in 2008. Many see increases in employment in the sector. Over half believe that it is getting difficult to recruit IT staff.