AIB Home (IRE)   AIB Economics   AIB Home (GB) 

Monday 25th May 2015 
email to a colleague

printer version
Product Description Product Description

Product Description
Cash Management Cash Management

Cash Mgt Services
Public/Private Sectors
2013 Historic Rates 2013 Historic Rates

Historic Average
FX Rates 2013
Let us know let us know

send us your feedback
RateSaver RateSaver

online historic fx and
interest rates
fx3 fx3

custom fx rates
directly to your mobile
fxcentre pro fxcentre pro

confirm and view deals
& payments online
Hireland helped create 2,000 new jobs
Thursday, 17th May 2012 11.20am

The Hireland initiative helped put 2,000 people in to employment, it claimed today.

Since its launch just four months ago, it said it has received over 4,000 pledges from employers throughout the country and pledges are quickly translating into actual jobs with an estimated 2,000 people have found work through the Hireland system.

A study conducted by Amarach Research last week found that employers that have pledged jobs via 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 E379.63 per individual per week. At a rate of 32pc 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 E30,000,000 for the Irish economy.

Speaking earlier today, Co-Founder, Lucy Masterson said; "A growing number of pledges are translating into an ever increasing number of people in actual jobs each day. The Hireland movement is having a real, tangible and positive impact on the Irish economy so much so that seven other countries have been in touch with a view to replicating the model. (Northern Ireland, UK, Portugal, Poland, Spain, Germany, USA). We are seeing a growing confidence amongst employers in the small medium enterprise sector who are poised to return to growth and remain competitive into the future".

"We set out to reach our first milestone of 5,000 by June and we are confident that we will achieve this but need the support of the SME sector to make sure that we reach this important milestone."

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 17pc stated that it gave them an advantage over competitors.

More breaking news >
The above information has been taken from sources we believe to be reliable and trustworthy. However the accurateness and completeness thereof are not guaranteed and therefore should not be relied upon as such. AIB does not endorse or approve the content of any information from third party sites nor will it have any liability in connection with any third party site (including but not limited to liability arising out of any allegation that the content of or information on any third party site infringes any law or the rights of any person or entity)
  © Allied Irish Banks, p.l.c. 2003 AIB Customer Treasury Services is a registered business name of Allied Irish Banks, p.l.c.
Allied Irish Banks, p.l.c. is regulated by the Central Bank of Ireland. Registered Office: Bankcentre, Ballsbridge, Dublin 4.
Registered in Ireland : Registered No. 024173.