The first half of 2017 was a game of two quarters. After a slow Q1 reflecting global economic confidence, Q2 picked up, particularly in construction and consumer lead sectors with the exception being non-food retail as on line’s share of retail increases.
The summer lull was not as expected. Relative to previous years the traditional slowdown reflecting summer holidays had a minimal impact with many more organisations looking to start search or coaching projects in July and August. This suggests a continuation in the improvement seen in Q2. It appears that there is an acceptance that the “wait and see” approach to Brexit and other political uncertainties is not working and action is been taken to deliver on growth and developing or finding the people to achieve it.
Overall unemployment continues to fall with the headline rate now at 6.3% for August.
Monthly Unemployment August 2017 – CSO – Central Statistics Office
Based on soundings taken from clients it seems that the outlook for the rest of 2017 is good. Those with heavy exposure to the Irish economy including SMEs will continue to hire middle to senior level executives. Organisations are looking to grow in countries outside of the UK as a means to assuage possible negative impacts of Brexit so people with international experience will continue to be sought after.
As demand for both domestic and international a talent rises it will be increasingly difficult to find the high impact leaders needed to deliver growth.