Research shows that hiring one individual from the live register could result in increased public revenue of €379.63 per individual per week
Since its launch just four months ago, the Hireland initiative has received over 4,000 pledges from employers throughout the country and pledges are quickly translating into actual jobs with each passing day. Of the 4,000 pledges made on Hireland.ie an estimated 2,000 people have found work through the Hireland system. Of these 15 were in Laois and 5 were in Offaly.
A study conducted by Amárach Research last week found that employers that have pledged jobs via Hireland.ie have on average pledged three jobs with two out of every three jobs pledged having already been filled and one in five will be filled later this year. Of these one third are off the Live Register.
Analysing the impact of the Hireland initiative on the Irish economy, The UCD Research Innovation Academy found that hiring one individual from the live register could result in increased public revenue of €379.63 per individual per week. At a rate of 32% of individuals hired off the live register, if Hireland were to reach its target of 5,000 jobs, this could result in annual savings of over €30,000,000 for the Irish economy.
The Hireland initiative has also attracted international media attention and it is set to feature in an upcoming BBC documentary addressing the global effects of unemployment. Hireland is being hailed as an example of how people powered movements can have a massive impact on economic stimulation.
Jobs have been pledged in every county across the Republic of Ireland with one in five employers stating that they are having difficulty finding people with the right skills. Many of the businesses involved in the Hireland scheme recognise the importance hiring to help their own business. One in four stated that they hired through Hireland to show that their company is strong and developing while a further 17% stated that it gave them an advantage over competitors.
Stephen Reddin a newly appointed Account Manager at Circulator.com is one person who has directly benefitted from the Hireland initiative, “I was travelling and working in Australia for 2 years and I thought coming home in 2010 and getting a job would be relatively easily despite the country’s poor economic circumstances. I was obviously very naïve! It took me a long time, going through countless interviews and the longer you are unemployed the harder it is to get a job.
“Eventually I started working for a small start-up company for no remuneration because I wanted to gain experience and this was the industry I wanted to work in. This is how I ended up coming into contact with Circulator. The Project manager for Circulator brought Hireland to the attention of Don Farrell, MD of Circulator and he pledged to take on a new employee by April. True to his word I was fortunate enough to be given a full time position in the industry I love working in. Without the influence of Hireland, the job opportunity within Circulator may never have materialised, and there is a strong possibility that now I would be somewhere else in the world trying to earn a living.
“It would be great if more companies could make this sort of commitment, we as a country are blessed with a first class education system and a highly skilled workforce, it’s a shame they are leaving this country one after the other.”