Irish businesses forecast jobs growth as business confidence soars
Dublin – 24th April 2013 – Irish businesses are setting their sights on growth, according to the six-monthly business confidence report from Regus, the global workplace provider. Over half of firms in Ireland (56%) plan to increase headcount by at least 2% of their workforce in the remainder of 2013. Furthermore, this eighth edition of the report reveals that Irish business confidence has rallied over the last six months, rising 17 points to 102 on the Index, its most buoyant standing for two years.
Over the last six months 43% of firms report an increase in profits, compared with just 25% six months ago.
Over one in ten firms (13%) believe that economic recovery in Ireland is already advancing strongly.
Almost half of firms (48%) state that their recruitment drive will focus on operational staff and just under two fifths (38%) intend to hire sales and marketing staff, indicating a determination to sell their way out of the downturn.
Olivier de Lavalette, Regional Vice President for Ireland at Regus comments: “This latest edition of the Business Confidence Index shows some hugely positive signs for Ireland’s economy. Businesses are finally experiencing growth after the protracted downturn. Managing this stage of recovery is crucial, as it carries the huge risk that firms will overextend themselves. Indeed one of the major causes of financial distress in previous downturns was property, with 52% of firms having their fingers burnt by expensive and lengthy leases. The stand out figures are not just that firms are looking to recruit but that their plan is to invest in sales and marketing, this shows that companies feel it’s the right time to go out there and sell.
“This time round, companies are far better equipped due to the availability and acceptance in the business world of flexible working, especially in terms of physical workspace. Full-time, permanent office space is no longer the only option. Keeping overheads low and remaining agile are vital to making recruitment affordable and achieving sustainable business growth.”Abrivia Recruitment, one of Ireland’s leading specialist recruitment consultancies, testifies to the findings of the report.
“Business confidence is closely linked to companies’ hiring intentions, and we have seen a major upturn in recent months,” confirms Donal O’Brien, Managing Director.
“Recruitment for sales and marketing staff is certainly booming, in fact we’ve doubled our team working on that sector in the last year.”
O’Brien is a firm advocate of managed offices to keep his business scalable. The firm is based in the Regus Centre in Dublin’s Harcourt Road.
“We started the business in 2006 and the market has been so unpredictable and challenging over that time that traditional premises would have been a major burden. It is vital to keep overheads low.
“When growth does return, you want to upsize quickly to take advantage of the opportunity but that can be impossible if you have an inflexible lease. In the Regus centre we just move to a bigger office down the corridor when we need to, and we have none of the headaches of having to move our IT infrastructure.”
He adds, “2013 looks set to be a very positive year. Business confidence is improving , we have already received 27% more job orders than this time last year and we have hired four new people in the last month and a half alone.”
To download the full report, go to http://reg.us/BCI8