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The results of NewMedciaCv's fourth national salary report, show that the high-tech shakeout has been "dramatic, rapid and shocking for many employees." The company claimed that graduates, marketers, front-end content staff, top-range developers, technical architects, IT contractors and senior management have been the worst hit in the new media sector in Ireland.
Salaries for graduates have been among the hardest hit, dropping by more than five percent, while top-end salaries have fallen by up to 10 percent, the company claimed. Contract staff have also experienced a significant drop in daily rates the report said. "This slowdown is also creating a bottleneck of new candidates coming out of training and education, with employers less likely to take on inexperienced staff," said NewMediaCV.
On the bright side, the company claimed that demand continues to be high for back-end software developers, multi-skilled media developers and mission-critical enterprise support staff. Additionally, high performance sales and business development executives have also faired better than many, the Irish e-business and IT recruitment consultancy said.
"There is a definite lull in activity," explained Denise Airlie, general manager of NewMediaCV. She told ElectircNews.Net that it is now a "buyers market," and that employers could target and hire highly skilled workers at lower wages. Airlie also pointed out that companies are now looking more closely at the bottom line and that multi skilled employees were in high demand since human resource managers now need to justify "every penny" that is spent on new staff. "Specialists aren't so keenly sought after in this market," she said.
Airlie did forecast that market for recruits would improve toward the end of next as the economy rebounds.
Other important figures in the report included claims that employers in the new media sector in Ireland could expect to pay less to employees when compared to the US and the UK. Depending on job category and level of experience, salaries in the United States are in some instances over 100 percent higher than in Ireland and up to 20 percent higher in the United Kingdom.
The company also claimed that small to medium sized enterprises were now even more reluctant than they had been in recent years to employ non-EU workers.
From the employees point of view, the company said workers were now looking more toward companies that offered job security rather than risky start-up ventures that may offer greater advancement potential, stock options or more flexible working conditions.
The company said employees working in the e-business and Web sector in Ireland can expect salaries ranging from IEP22,000 (EUR27,940) to over IEP100,000 (EUR 127,000) and benefits can be anticipated for the "most experienced" staff moving to well established companies. Meanwhile anything from IEP18,000 (EUR 22,860) to IEP80,000 (EUR 101,600) plus benefits is being offered for medium level experience in functions ranging from general administration, marketing, graphic design and technical writing to webmaster, project manager, software engineering, technical analysis, finance and other senior roles. Remuneration for candidates with less experience in these functions ranges from IEP15,000 (EUR 19,050) to IEP65,000 (EUR 82,550), NewMediaCV said.
The e-business recruiter also said the best performing sectors include e-learning; B2B companies - particularly those in m-commerce, and financial services companies. The jobs most in demand in the new Media sector include visual basic (VB) developers with ASP/IIS
Experience, interactive/instructional designers, multimedia designers (with over 2 years experience), java engineers (EJB, J2EE), project managers, Oracle/SQL server database engineers; localisation engineers and Software and content quality assurance personnel.
The jobs least in demand included marketing executives, Junior graphic designers, content managers, trainers, animators; 3-D modellers; graduate developers, C++ developers, e-commerce consultants and chief executives, chief financial officers and chief operations officers.
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