Download the Brightwater Salary Survey 2020 here and read our expert analysis here.
There has been a lot of movement in the NI jobs market despite economic and political uncertainty
Cathal O’Donnell, Regional Director, Brightwater in Northern Ireland says: “Notwithstanding the uncertainties stemming from the ongoing Brexit situation, the NI jobs market remains dynamic, particularly within the manufacturing and transport
sectors with a few notable companies undergoing closures, restructuring and redundancies. Ironically, despite overall contraction in jobs numbers , employers in manufacturing and some services, say they are experiencing a key skills shortage.
“As in 2019, 2020 will see a rise in salaries across some sectors such as accountancy, IT and some areas of engineering but in certain areas of IT and manufacturing where there is a considerable shortage of talent, we have seen some salary increases
up to 8%. However, counteroffers are prevalent especially in niche areas like cyber security, QS and audit and are skewing perceptions of market rate salaries.
“The transport industry is now recruiting customs specialists and finding these candidates when there is a generation who never needed to know about such regulations is proving very difficult.”
This year’s Brightwater 2020 Salary Survey includes an economic overview by economist Maureen O’Reilly who says: “ Some sectors of the economy are performing well. The region is securing a growing reputation in tech and professional
services, such as software development, particularly around Belfast helped in part by a relatively competitive cost base including cheaper office space, lower house prices and lower wages. Other sectors of the economy, including parts of Manufacturing,
Construction and Retail, are finding trading conditions more challenging and that in part reflects Brexit related issues including the impact of sterling’s weakness on costs and its negative impact in deterring investment decisions along with
generally weaker global trading conditions”