Anne Heraty, CEO of Cpl Resources plc, discusses key economic trends at the Building Business Momentum Conference on May 24, 2013. She notes that employment is the most important factor for the economy and, while recent indicators are positive, the jobs crisis is not over. Skills and education can shape the economy by addressing the challenges of retraining unemployed workers for available jobs. Heraty concludes that supporting startups, emerging industries, and workforce development can make Ireland attractive for skilled talent and economic growth.

1. Building Business
Momentum Conference
Anne Heraty
Chief Executive Officer
Cpl Resources plc
24 May 13

2. Key Messages
 The single most important factor in terms of the
direction of the economy is employment
 Recent positive indicators, but the jobs crisis is not
over
 Skills & education have the potential to shape the
economy

3. Cpl today
 A leading provider of specialist recruitment and
outsourcing solutions
 Network of 15 offices in 9 countries
 Circa 80% of revenue in Ireland
 Diversified customer base – ICT, Healthcare, Retail, Pharma,
Light Industrial & Services
 Placed over 5,500 people in permanent jobs in 2012
 Finished year June ’12 with 7,853 people working on behalf
of Cpl on client projects, an increase of 1,928 on the twelve
previous months

4. Trends Impacting our Customers
 Business needs greater flexibility
 Variable cost workforce
 Companies do not want to “over hire” particularly in times
of economic uncertainty
 To balance growing demand for products & services with
future uncertainty many companies use temporary and
contract staff

5. Past experience indicates that changes in demand
for temporary & contract staff lead changes in total
employment by about 4 – 8 months
Demand for temporary & contract workers started to
improve in early 2011 and has continued
A positive indicator……..

6.  The single most important factor in terms of the
direction of the economy is employment
 Consumer spending, tax revenue, government
spending (social welfare) move in tandem with the
rise and fall of employment
 Long term unemployment a real concern at circa 60%
of total unemployment
Employment……..

7.  Since the start of 2011 net job losses of 10,000
compared with 300,000 between 2008 & 2011
 Employment growth of 1% in the private sector in
2012
 Where are jobs being created?
Recent positive indicators……..

8. Mixed Picture……..

9. Despite redundancies companies are experiencing
talent and skills shortages
Continuing trends towards jobs in services with a
higher demand for qualifications
Recent improvement in demand for permanent staff
‘The Jobs crisis is not over’
Many countries are experiencing the paradox of both
high overall unemployment and skills shortages
Two speed labour market……..

10. Challenging up-skilling and retraining agenda if those
out of work are to be able to take up available jobs
Invest in education and skills development
Demographics positive for Ireland
Ireland’s projected population growth is the fastest of
the 27 EU countries over the next 15 years
Technology changing shape of work
Opportunity for Irish workers to expand share of
global growth
Skills & education will shape the economy

11. “Wherever talent goes, innovation, creativity &
economic growth are sure to follow” (Florida R.)
Make Ireland an attractive place for highly skilled
people to work
No more increases in personal tax or tax on
employment
Encourage start-ups
Support emerging industries
Develop the skills of the Irish workforce to better
match employers needs
Conclusion

12. Thank you for listening
 To contact: Anne Heraty | 01 614 6015
 Anne.Heraty@cpl.ie