The Hays Salary and Recruiting Trends Guide tracks recruitment trends in Ireland using information based on job listings, job offers and candidate registrations. The latest Guide contains information regarding where have the highest salary increases been seen over the last year. The biggest rises in salaries in 2022 were seen in technology, the financial sector and the construction industry.
Rises in Salary in 2022
Technology
Salaries for those working on machine learning rose by 31% during 2022. The average earnings are listed as €85,000. Machine learning is defined by IBM as a branch of artificial intelligence (AI) and computer science which focuses on the use of data and algorithms to imitate the way that humans learn, gradually improving its accuracy,
Website reliability engineers experienced a rise in salary. A website reliability engineer is defined by IBM as a software developer with IT operations experience— someone who knows how to code, and who also understands how to ‘keep the lights on’ in a large-scale IT environment. Salaries for a site reliability engineer saw their salaries rise by 31pc in the last year reaching €85,000.
The salary for a full stack developer also rose by nearly 25% hitting an average of €80,000 per annum. A full stack developer is defined by the Code Institute as someone who works on both the front end (client-side) and the back end (server-side) of software development.
Financial sector
In the financial sector reinsurance underwriters received a 29% increase in salary in 2022. An insurance underwriter is defined by the Corporate Finance Institute as a person who analyzes and assesses the risks in providing insurance to individuals and companies, and establishes the pricing of the insurance premium.
VAT accountants saw their salaries rise by 16% reaching an average of €56,760.
Construction industry
In the construction sector, the salaries of facilities assistants salaries rose by 24%. Qualified technicians’ roles recorded an 18% rise.
Hays Ireland operations director Maureen Lynch said: “2022 saw significant growth in Irish-based salaries.The rise in salaries in machine learning is reflective of the growth of technology in recent years, and we expect the application of AI and machine learning to accelerate further in years to come, which can only be good news for those with relevant skill sets.”
“Employers are optimistic about 2023 and are positive about investing in their business and hiring new staff. While retention of staff is an issue for businesses, employers are adjusting and increasing salaries in order to meet the needs of staff. While salaries are important, it is also important to take into consideration the growing need for hybrid working among employees. Aside from salaries, flexible working and additional supports from employers are all attractive benefits.”
The Hays Salary and Recruiting Trends Guide reported an overall 84% of Irish employers increased salaries in 2022 and that more than 75% of Irish employers in Ireland are committed to increasing salaries in 2023.
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