FEATURES
Welcome Message

 

In 2018, Ibec celebrates the 25th anniversary since the establishment of the organisation in its current form. We arrive at this special milestone as Ireland’s largest and most influential lobby and business representative organisation.


We could not make a meaningful impact without you, our members. You employ approximately seven out of 10 workers in the private sector and operate across 40 sectors.


The breadth of our membership base puts Ibec in a unique position to take the pulse of business and to develop policies that contribute to economic growth and prosperity.


As we mark 25 years in business, we thank you for your continued support and friendship.

 

Regards,

Danny McCoy, CEO

 


FEATURES
Welcoming our new President
 

 

 

  • Paraic Curtis elected to serve as President 2018 – 2019
  • Annual President’s Dinner attended by over 950 people
  • Ibec celebrates 25th year anniversary

 

Ibec would like to welcome Paraic Curtis as its new President for 2018 – 2019. He is Senior Vice President and General Manager of TE Medical, a leading player in Ireland’s MedTech sector, and succeeds Edel Creely of Trilogy Technologies.

 

In an address to Ibec’s annual President’s Dinner at the RDS in Dublin on September 20, the President called on Government to introduce measures that promote competitiveness and noted that a particular focus was required on increasing support for the indigenous business sector and higher education.

 

He outlined how Irish business was very concerned about the lack of investment in infrastructure and education. Higher education needs a plan and some bold moves to address the funding crisis and reputational slide, as evidenced by the recent fall in university rankings.

The President also reiterated the deep concerns of Irish business at the raft of populist, restrictive and short-sighted labour market proposals that have emerged in recent times.

 

A record 950 guests attended the annual President’s Dinner at which the Minister for Finance and Public Expenditure and Reform, Paschal Donohoe, was the guest speaker.

 

The occasion marked the 25th anniversary since the establishment of Ibec in its current form.

President's Dinner 2018
 

This year's President's Dinner marked the 25th anniversary of Ibec. With over 950 in attendance, it was a night to celebrate not only the success of Irish business over that period but also of the organisation.

 

Pictured addressing delegates at the dinner is Ibec CEO Danny McCoy.

 

 

 

Ibec would like to welcome Paraic Curtis as its new President for 2018 – 2019. Mr Curtis is Senior Vice President and General Manager of TE Medical, a leading player in Ireland’s MedTech sector. He succeeds Edel Creely of Trilogy Technologies. 

Ibec thanks Minister for Finance and Public Expenditure and Reform, Paschal Donohoe, who was the guest speaker.

Pictured at the Annual Ibec President's Dinner in the RDS are former Tánaiste Frances Fitzgerald TD and MD of Micrsoft Ireland, Cathriona Hallahan. 

Pictured are Principal of D'Arcy Smyth & Associates, Michael D'Arcy; Chancellor of Dublin City University, Martin McAleese; and Ibec CEO, Danny McCoy.

 

CEO of Cpl Recruitment Anne Heraty alongside Director General of the Construction Industry Federation, Tom Parlon. 

We were delighted to be joined on the night by some many organisation alumni. 

 

Pictured are Liam Connellan, former DG of Confederation of Irish Industry, which later merged with the Federated Union of Employers to
form IBEC; former DGs of IBEC John Dunne and Torlach O'Sullivan; and Ibec CEO Danny McCoy. 

President Europe, Turkey and India Diageo, John Kennedy; Ibec President, Paraic Curtis; and Ibec Commercial Director, Martin Wells.

 

Country Managing Director for Accenture Ireland, Alastair Blair, at the Ibec Annual President's Dinner. 

 

Group Managing Director, Trilogy Technologies, Edel Creely with Chief Executive of Dawn Farm Foods, Larry Murrin.

NEWS
Mind the gap: Gender pay gap reporting
 

 

 

 

Mandatory gender pay gap reporting is on the way, with legislation currently being drafted. This will oblige businesses, initially those with over 250 employees, to publish figures every year on the gap between what women earn as a group and what men earn as a group in each organisation. How companies address and manage this issue is of real strategic importance. It could affect key relationships with employees, customers, suppliers and government.

 

Ibec is working with government to shape an effective and appropriate method of reporting. Many companies are already actively looking at the issue, but it is important that all businesses actively look at what it means for their organisation and workforce.

 

Ibec is leading the way in ensuring Irish business is ready for the introduction of this important piece of legislation through the launch of a new guide “Mind the Gap: An introduction to gender pay gap reporting”.  It introduces the issue, explains the gender pay gap, what causes it and how it can be addressed. It also provides an update on the current state of play in Ireland and looks at what we can learn from the UK experience.

 

Last week, we hosted an event with UK gender pay expert Helene Reardon Bond OBE and industry pioneers in gender pay gap reporting. Listen to the latest edition of the Ibec Podcast for their insights.

 

Gender pay gap reporting is one part of a much-needed wider strategy to address female participation rates and employment gaps between genders. It will not on its own identify or solve the myriad of structural, cultural and policy causes for these differences, but it is a critical and welcome element.

 

For further information, contact Ibec Senior Labour Market Policy Executive, Kara McGann at: kara.mcgann@ibec.ie

 

Pictured at the launch of the new guide are Ibec CEO Danny McCoy'; CEO of Cpl Recruitment, Anne Heraty; Helene Reardon-Bond OBE; Minister of State for Equality, Immigration and Integration, David Stanton, TD; and Ibec Senior Labour Market Policy Executive, Kara McGann

Ibec in images
 

"While new technology will create many new quality jobs, some jobs will inevitably go. We need to actively plan for this reality". 

 

Ibec has launched a major new national campaign - Smarter World, Smarter Work - which calls for a range of reforms to position Ireland for major labour market changes.

 

Marking the launch of the Smarter World, Smarter Work campaign at Trinity College Dublin are: Claire McGee, Senior Innovation & Education Policy Executive; Maeve McElwee, Director of Employer Relations; Edel Creely, Ibec President and MD of Trilogy Technologies; and Professor Jane Ohlmeyer, Director of the Trinity Long Room Hub and Chair of the Irish Research Council.

We were delighted to be joined in Ibec this morning by Gail Slater, Special Assistant to the President of the United States for Tech, Telecom, and Cyber Policy at the White House National Economic Council.

 

Many thanks to Gail for an insightful briefing on US positioning and developments on the major digital themes facing the international business community.

Ibec’s Irish Medtech Association, along with Enterprise Ireland and IDA Ireland, recently launched Medtech Rising: The Irish Medtech Awards 2018.

 

The Irish medtech sector has become an important driver of jobs growth right across the country, with strong clusters in Cork, Galway, Limerick, Dublin, Sligo and Waterford.

 

Pictured launching Medtech Rising (L-R): Bausch + Lomb Waterford Site Lead, Mark Hennessy; Irish Medtech Association Director, Sinead Keogh; Enterprise Ireland, Senior Development Advisor, Life Sciences Department, John Shiel; and IDA Ireland Head of Medical Technologies, Rachel Shelly.

Ibec's international outreach continued this month as we welcomed David Lidington, Chancellor of the Duchy of Lancaster & Minister for the Cabinet Office, to Ibec offices for an engaging exchange of views on Brexit.

 

For the latest Ibec insights on Brexit, go to are dedicated Brexit website.

 

Pictured are: Robin Barnett, British Ambassador to Ireland; Paraic Curtis, Ibec President; Cabinet Office minister David Lidington; Ibec CEO Danny McCoy

 

Ireland has developed a world class capability in aircraft leasing over several decades and is now the recognised global leader in the industry.

 

This is a significant achievement for the country and we are delighted to announce the establishment of a new representative body, Aircraft Leasing Ireland (ALI), to ensure that Ireland retains its number one position globally. ALI is a constituent part of Financial Services Ireland (Ibec), the only trade association that represents the totality of the financial services sector in Ireland.

 

To learn more, check out their website.

 

Pictured are Ibec CEO Danny McCoy; FSI Senior Executive with EU Responsibility, Audrey Crummy; Chair of ALI and COO of SMBC Aviation Capital, David Swan; Minister for Finance & Public Expenditure and Reform, Paschal Donohoe TD; and CCO of GECAS, Declan Kelly. 

Ibec's ambition is to make Ireland a better place to live and work.

Our recently published Local Economic Indicators report provides insights for every county in Ireland for future policy planning in relation to eight categories: population, housing, skills, broadband, travel / commuting, tourism, local enterprise development and local government finances.

 

Pictured are the authors of the report, Ibec Policy Executive, Alan Dempsey; and Ibec Senior Public Sector and Regulatory Executive, Aidan Sweeney. 

Businesses from the South East along with the Institute of Technology Carlow and Waterford Institute of Technology met with political representatives in the South East today to discuss progress in relation to the creation of a Technological University (TU) in the region.

 

A university would assist in attracting high quality FDI investment, while assisting existing industries in attracting and retaining high quality and specialist senior staff, which is a challenge facing many businesses right now.

 

Pictured at the meeting are Ibec South-East Director John Farrell; Chief Executive, Arrabawn, Conor Ryan; Minister of State at the Department of Finance and the Department of Public Expenditure and Reform, Michael D'Arcy TD; and President of the Institute of Technology Carlow, Dr Patricia Mulcahy. 

We were delighted to be joined in Ibec by the new President of the CBI (Confederation of British Industry), John Allan, to set out business concerns and provide an update on how companies are responding to developments in Brexit talks.

 

An outcome that puts jobs first is required and Ibec has recently briefed MPs in Westminster on the Irish business perspective. The UK Parliament could yet play a pivotal role in reducing the economic harm of Brexit. We remain in regular contact with the main UK political parties on the issue.

 

Pictured below are Ibec President and SVP and GM of TE Medical, Paraic Curtis, Ibec CEO Danny McCoy, CBI President John Allan, and former Ibec President Edel Creely.

Deep concern over labour market bill
 

 

  • Criminalisation of commercial agreements not the way forward
  • New amendments unnecessary as measures already in place 
  • Bill points to dysfunctional political structure

 

 

Ibec remains deeply concerned at recent amendments to the Employment (Miscellaneous Provisions) Bill 2017, commonly referred to as the “banded hours” legislation. Business leaders are particularly dismayed at the Report stage amendment to the Bill which proposes to make it a criminal offence for employers to incorrectly designate an individual as self-employed when they should be considered as operating on a contract of employment - an offence which carries a custodial sentence of up to 12 months on conviction.

 

 

Ibec is manifestly opposed to false self-employment as it creates an unfair competitive advantage over the majority of compliant businesses which observe existing tax and employment rights legislation. However, the introduction of this issue into a Bill designed to address variable hours contracts is yet another sign of the dysfunction of our current political structure.

 

 

The amendment is unnecessary as there are already measures in place to address such abuses by employers. Two separate independent studies conducted this year - one carried out jointly by the Department of Finance and Department of Employment Affairs and Social Protection and the other published in August by the ESRI - have both identified that the number of self-employed workers operating within Ireland is well within EU norms. In other words, despite a persistent narrative to the contrary, self-employment is not increasing.

 

 

The effect of the amendment is tantamount to a blanket ban on the use of independent contractors. Even where such arrangements are entirely genuine and may be insisted upon by the individual contractors themselves, the possibility of a jail sentence means businesses are unlikely to take the risk of using them.

Ibec has engaged extensively with public representatives over the last year on the impact the Bill is likely to have. This engagement resulted in the removal at Report stage of a further requirement for employers to offer any additional hours of work arising within a business to existing part-time staff, regardless of skills, experience or existing arrangements in relation to the allocation of overtime. Ibec urges Government to conduct a full evidence-based regulatory impact assessment on these proposed new measures.

Smarter World, Smarter Work
 

 

Ibec has launched a new campaign, Smarter World, Smarter Work, which calls for a range of reforms to prepare Ireland for a new era of work. Globalisation, rapid digitalisation, changing lifestyles and new consumer preferences mean jobs and careers are being transformed. The future of work is more exciting, but also less predictable.

 

The Ibec campaign looks at what is changing and sets out an ambitious vision for our economy, our society and our organisations. It proposes a range of actions across four key areas: Investment in skills and employability, flexibility at all life stages, a dynamic labour market and smoother career transitions. For a full overview click here.

 

Three separate reports have already been launched as part of this work:

  • Graduate skills: A new report, Future ready: improving graduate employability skills, calls for more investment in education, additional support for academic staff, a uniform approach to work experience and placements, and a greater involvement of business in curriculum design and delivery.
  • Career guidance: Rapid labour market change demands an overhaul of our guidance system so that individuals of all ages can make better, more informed choice about their futures.
  • Informed choices: Career guidance in an uncertain world identifies how the current system is not meeting the needs of students and those already in the labour market, and sets out what needs to change.
  • Gender pay gap reporting: Mandatory gender pay gap reporting is on the way, with legislation currently being drafted. A new guide ‘Mind the Gap: An introduction to gender pay gap reporting’, introduces the issue, explains the gender pay gap, what causes it and how it can be addressed. It also provides an update on the current state of play in Ireland and looks at what we can learn from the UK experience.

For more information contact Joanne Reynolds, Ibec communications and campaigns, joanne.reynolds@ibec.ie.

Brexit stand-off alarming
 

 

  • Ibec meets senior players in talks process
  • Time running out but Government still hopeful solution can be found
  • Members urged to continue with contingency planning

 

The lack of progress in Brexit negotiations on the UK side is increasingly alarming, and the rhetoric from the ongoing Tory party conference provides little consolation. Over recent weeks Ibec has held separate meetings with Taoiseach Leo Varadkar, Tánaiste Simon Coveney and with the new President of the Confederation of British Industry John Allan to set out Irish business concerns and provide an update on how companies are responding.

 

The deadline for securing a deal on the withdrawal agreement is now very tight and the level of uncertainty is affecting business and investment decisions.

 

The Irish Government is very concerned that significant differences remain on the Northern Ireland ‘backstop’, but is confident a deal can be reached.

 

At the meetings, the Irish Government reiterated the need for a clearly-defined and binding agreement to guarantee no hard border on the island of Ireland. Ibec fully supports this and, as such, we hope and expect the EU-UK political accord reached last December to be given firm legal effect. Greater flexibility around the transition period will also be needed, but the political dynamic means this discussion will have to wait.

 

EU leaders will meet on 18/19 October to assess progress, but a breakthrough by then now seems unlikely. We are then looking at a possible meeting being called in November, or waiting for the next scheduled meeting of EU leaders in December, to sign off a deal. Worryingly, it is very difficult to predict how such a deal can come together, with the two sides so far apart on key issues.

 

While an EU-UK withdrawal deal is likely, business and government must plan for all eventualities, including ‘no deal’. As part of our work on contingency planning, we are running a workshop on Monday, 15 October, Brexit: Preparing for Change. Unfortunately, this event is now over-subscribed, but if you would like to be put on a waiting list please email lynne.hackett@ibec.ie.

 

Our guide to Brexit planning, produced with Accenture, is available at dedicated website. We are looking at additional ways that we can assist companies in their planning and will keep you posted. If you have any queries please email Joanne Reynolds, Ibec communications and campaigns, joanne.reynolds@ibec.ie.

Accelerating Ireland's digital ambition
 

 

 

 

  • Planning starts for new National Digital Strategy
  • Government expected to consult further in Q4
  • Feedback from Ibec members is needed

 

The Action Plan for Jobs, 2018 commits to the completion of a framework for the development of a new National Digital Strategy (NDS). Ibec wants Ireland to accelerate its digital ambition to maximise the economic and societal benefits from cross-sectoral digital transformation.

 

Advancing our national digital agenda was a key element of Ibec’s APJ submission in September, 2017. We support a new NDS with the political commitment, ambition, priorities, actions and right structures to enable effective engagement and implementation.

 

Ibec and other stakeholders met with Government at initial roundtable discussions on the shape of a new NDS in June. Ibec outlined its manifesto for making Ireland a global digital leader. Ibec priorities include:

 

  1. Enhance co-ordination between government departments and business in intensifying Ireland’s cross-sectoral digital transformation and deliver a national action plan to support the digital transformation of our enterprise sectors.
  2. Intensifying Ireland’s political engagement with international partners – complete a EU digital single market that enables further connectivity, innovation, jobs and well-being.
  3. Identify and and address skill gaps that help government, businesses and individuals succeed in the new digitalised economy.
  4. Encouraging further conditions that enable digital innovation and entrepreneurship – deliver the National Broadband Plan intervention and promote progressive R&D and tax regimes.

Government is expected to begin a deeper consultion in Q4 for the development of a new NDS. Ibec’s digital economy policy committee plan to respond to this consultion. Comments from interested members is welcome and encouraged.

 

Pictured are Ibec Head of Digital Economy Policy, Erik O'Donovan; Minister of State for Trade, Employment, Business, EU Digital Single Market and Data Protection, Pat Breen TD; Country Managing Director for Accenture Ireland and Chair of the Ibec Digital Economy Policy Committee, Alastair Blair. 

Budget 2019
 

The Ibec team, along with a number of members of our board, met with the Minister for Finance and Public Expenditure and Reform, Paschal Donohoe, and his advisers on Monday, 10th of September. The key policy areas raised with the Minister are below:

 

1. Supporting indigenous business

2. Labour market and talent
3. Preparations for Brexit
4. Competitiveness challenges

 

Please note that Budget 2019 takes place on Tuesday, 9 October. Ibec’s initial response to the Minister’s proposed Budget measures will be emailed to all members later that day.

EVENTS
Ibec HR Leadership Summit, Croke Park, October 25
 

Join us as we take a fresh look at the future of work, explore the new employment relationship and what needs to be factored into the mix for businesses planning ahead.


November Regional Insight Series
 

Taking place in 7 locations around Ireland, we look at what it takes to make our regions a better place to live, work and grow and how best to plan for a new era of work.

 


Corporate Governance is not an optional extra – three perspectives
An Ibec and Matheson morning seminar
 

Event takes place on 01 November at Ibec and speakers include; Ian Drennan from the ODCE, David Duffy, Founder of The Governance Company and Karen Reynolds partner, Matheson.


Ibec Webinar Series
 

 

Whether it is advice on HR practices, up to date insights on Brexit  or the latest on GDPR, Ibec Webinars provide support to your organisation.

 

Our webinars allow you to engage with our experts who can answer any questions you may have to make sure you get the best possible value from your membership.

 

To register your interest in any of our upcoming webinars, click here.