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Thursday, 25th June 2020

Survey reveals optimism in Irish businesses

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Osborne CEO and Owner, Shona McManus and Director of Commercial Development David Walsh with the Osborne Team.

70% to offer continued remote working, 50% expecting to add staff by December

A survey of senior Irish business leaders carried out by recruitment firm Osborne has indicated an optimist outlook with 21% of businesses revealing plans to recruit in the coming 6 months, with 33 % actively recruiting as of this week.

The survey also found that 7 in 10 Irish businesses will continue to offer employees the option of remote working going forward. Prior to Covid 19, only 4 out of 10 businesses offered employees a remote working option.

According to the survey a quarter of businesses are currently back at work however there has been an increase in the number of organisations holding off re-opening their doors until 2021. (Survey figures May 2020 vs June 2020)

Osborne’s survey also examined the issue of redundancy and pay cuts and found 82% of organisations have not made any redundancies to date with 4 out of 5 surveyed reporting that they didn’t anticipate making any redundancies in the future.

In relation to pay cuts 74% of organisations surveyed have not made any pay cuts and of the 26% that did introduce pay cuts have done so on a temporary basis.

46% of organisations have successfully recruited new employees remotely during the pandemic.

Commenting on the findings of the survey, Osborne’s Owner and Chief Executive, the outgoing President of Drogheda Chamber Shona McManus, said;

“Whilst a high percentage of organisations have had to stop recruiting and make redundancies over the past few months our June survey revealed that the recruitment market in some key sectors is performing better than expected. We know there is a significant unemployment rate right now, however, we also know that there are some green shoots outside of the essential services starting to emerge.

“As people start to return to work and more businesses begin to reopen, confidence is growing and businesses are starting to recruit in higher numbers.

“Our survey revealed how organisations are continuing to recruit and onboard new employees remotely with 46% of organisations surveyed successfully onboarding employees throughout the pandemic. The team at Osborne are working closely with Clients to support this new onboarding process and will continue to do so as organisations continue their recruitment plans over the coming months.

The survey of over 204 business leaders was conducted on the week of Monday 22nd June 2020 with people leaders from a cross section of SME’s in the fintech space, global conglomerates and the public sector.

Osborne is an Irish owned, multi award-winning Recruitment Consultancy with offices across Ireland and in Toronto. The firm operates across seven key areas namely accountancy & finance, office & secretarial, executive, healthcare, technical & engineering and IT. They have clients in the public, healthcare, food, construction, pharmaceutical, and not for profit sectors.

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