Market Overview

The recruitment sector is a great market barometer. Through our dealings with clients and candidates, we obtain regular feedback that gives us an indication of the condition of the market. Here are some of the key points we have noticed:

  • The market is now in the advanced stages of recovery as employers reactivate their workforce to meet growing client demand. The employment landscape will be a blend of site-based, blended and home working arrangements.
  • Many companies are reporting difficulty in hiring experienced staff and salary inflation is running at 10-20% due to the shortage of resources.
  • The Pandemic Unemployment Payment (PUP) and Temporary Wage Subsidy Scheme (TWSS) payments from Revenue are being phased out.
  • With the exception of hospitality, the majority of sectors have now fully reopened.
  • Every sector is having to adopt new business plans in order to overcome the current challenges.
  • Growing Covid-19 infections remain an ongoing concern for industry.
  • A number of sectors continue to perform strongly like pharmaceutical, medical supplies and grocery along with their raw material and service suppliers. 
  • The recovery is well underway as the increase in traffic volume would indicate. Central Bank figures show deposits rose by €3 billion in April, the largest increase seen since the financial regulator began collating data in 2003. The expectation is for a bumper consumer spend once confidence returns to the market.
  • We have noted an increase in temping resource demand as companies begin to ramp up their operations now permanent employment has recovered.
  • Similar to the recovery of the 2008 financial crisis, we expect to see a number of employment activation schemes implemented by the government similar to JobBridge and the Work Placement Scheme.
  • The recovery is underway, with inflation now a concern with rising energy prices at the forefront.