Highly challenging technology market means rapid increase in demand for qualified professionals..

Stephen O'Brien 08.04.2019

Our Technology recruitment specialists reveal the secrets to success for employers and job-seekers across the Technology market for the start of 2019.

In this Q1 Review, we will be looking at; current trends within Technology, talent attraction and retention, unique industry benefits, relevant skills and qualifications, notable behaviours from professionals and any legislation changes or political events set to have an impact on the industry. 

Technology Jobs
The technology market is highly challenging at the moment, with a rapidly increasing demand for professionals on a national basis. In order to succeed in talent retention, employers have been investing heavily in this area and are using various initiatives in order to enable them to do so. There is a positive sentiment across the market in regards to retention and therefore it has actually been the largest investment area for employers within this space over the past 18 months.

Technology

Company culture is a hot topic across the board at the moment and companies are developing this in order to reduce attrition rates and retain quality talent. The cost, time and effort involved in replacing key employees who decide to leave works out to be far greater for employers than the cost, time and effort involved in retaining key employees.  In the technology sector in particular there are some companies which are offering employees significant time to work on personal innovation projects which may end up being beneficial to the company in the long run.

Moving on to the area of talent attraction, one method which is proving successful is offering tech professionals sufficient insights into the technology and projects they could potentially be working with/on. This results in their attention being captured and is thought provoking for them in terms of considering a new role. In terms of remuneration, technology professionals will receive a similar package wherever they go and therefore the technology and various projects they will be working on will ultimately be the deciding factors rolewise for them above all else. Companies must consider this when attempting to attract top tier talent to their organisations as competition is rife and so USP’s are crucial. 

There are some notable trends among technology professionals at the moment across the market, including an increase in the number of people interested in contract roles due to the lucrative rates they offer and the ability to work on a wealth of interesting projects. As well as this, there has been an increase in the number of developers seeking remote working options for some or all of their working week. Companies who attempt to accommodate or adapt to these trends are ultimately more successful in engaging with these professionals. 

Benefits:

Unique benefits which are on offer by technology employers during Q1 include various flexi-time options, opportunities for remote working and sign on/completion bonuses. One benefit which stood out from the rest was that of wellness allowances - these are generally a once off payment made to employees to spend on a health resource of their choice which are gaining popularity in today’s health conscious society. 

Legislation changes, political events and industry occurrences:

As with most industries, the big upcoming event for the year is Brexit. The uncertainty of the possible No Deal in relation to this  is having an effect across the market and it remains to be yet seen what the overall impact will be on the technology sector as a whole and therefore on technology recruitment. 

Skills, Technical Competencies and  Qualifications

Software Development- Confidence within a strongly performing economy has led to a surge of projects being greenlit within the SME sector. This however is also true within other industries including banking and ecommerce.

UX Development -  Tech companies within Dublin are designing increasingly complex digital products for an international audience. As a result, we have seen a growth in demand for talented UX Designers (Designers who can help shape these products with the end user in mind).

Data Science - The opportunity for businesses presented by the interpretation of data for sales, marketing, etc. has created a boom within this discipline.  Furthermore, GDPR has also fuelled demand for experienced Data professionals who can harness and advise on the effective use of data.

Cyber Security - With the number of cyber attacks on the rise globally, the Dublin market has appropriately reflected this by placing increased importance on protective measures internally. This is a constant trend across all industries.
 

Click here to view  market commentaries from our specialist teams.

Stephen O'Brien's picture
Director
sobrien@morganmckinley.ie

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