Sector Overviews

Engineering

“Contracting work has been around for a long time. It provides flexibility to hiring companies. I work in engineering and construction. Large construction projects typically run 2 to 3 years and they require quick ramp up and ramp down of professionals and construction workers. Typically, companies retain 50-70% full time employees against 30-50% contract hires. This allows companies to retain skills and ramp up and ramp down to suit project demands. This has been the model for this type of work for at least 40 years. It suits the industry and the people working in it. It provides flexibility for both. This process should be encouraged to continue.”
Quote from Respondent

Ireland has seen a 30% increase in engineers since 2016 with continued growth predicted. Over 61,000 people are employed in the engineering sector and 6,000 engineering vacancies are predicted in 2024 (Engineers Ireland, 2024). The sector contributes more than €5.6 billion annually to Irish exports according to the IDA Ireland, dominating in subsectors such as industrial automation, precision engineering, agricultural machinery, energy, and environment.

Key players such as Liebherr, Henkel, Element Six, Sulzer and Thermo King continue to lead change, driving growth and innovation across diverse subsectors through various investments in research, development, and job creation.

Recent activity has seen a surge in sustainable engineering practices, with a notable emphasis on renewable energy projects and sustainable infrastructure development. With outside funding into Irish sustainable engineering firms like Ethos Engineering, Ireland is getting the attention of other countries and rapidly becoming a beacon for sustainable initiatives.

The sector’s embrace of technological advancements has paved the way for the creation of new positions in fields such as renewable energy, automation, and environmental engineering. As Ireland positions itself as a hotspot for innovation and sustainability, the engineering sector continues to provide significant opportunities for employment and career advancement creating a positive impact on Ireland’s project economy.

Gender

Professional Contractors in the Engineering sector are still predominately male at 82%. Women are significantly underrepresented at just 18%. The good news is that the percentage of females continues to rise. The percentage of females engaged in contracting in the engineering sector in 2021 was 7%, so a move to 18% over 4 years is very significant and highlights the appeal of both the sector and contracting to females. 84% of engineering contracts are in the private sector with 12% in the public sector.

Age

The biggest movement between 2023 and 2024 was seen in the percentage of contractors in the 60 and over age category. In 2023, 13% of engineering contractors were 60 years or over, and this increased to 22% in 2024. In 2023, 56% of engineering contractors were under 50 years. In 2024, 54% were over 50 years, with the biggest increase in the group aged 60 years or more. The average age of an engineering contractor is 49 years and 72% of all engineering contractors are 40+ years of age.

Average Age

49

2024

47

2023

47

2022

49

2021

Daily Rate

The 2024 average daily rate is €545. 40% of engineering contractors earn €500 or more daily with 10% earning €1000 or more daily. The average daily rate has risen 18% since 2021, although there was little to no movement between the 2023 average daily rate of €543 and the 2024 average daily rate of €545.

Engineering

€545

Per Day

Average Daily Rate

49

Years

Average Age

18

Months

Average contract length

Contract Length

The average contract length is 18 months. 56% of contracts are between 7-12 months, up from 51% in 2023. There has been a 6% decrease in shorter term contracts since 2023. 31% of contracts are 13 months or longer in 2024

18

Months

2024

17

Months

2023

17

Months

2022

20

Months

2021

Average Contract Length Over The Years

Employability

86% of engineering contractors agree that their experience is in demand in the labour market, the same figure as in 2023. 61% agree that it will be easy for them to find a new contract which is down from 77% in 2023. In 2021, 60% of engineering contractors agreed that it would be easy for them to find a new contract.

How Engineering and Technical Contractors Feel About Their Work

Engineering contractors were asked about their satisfaction with 7 key areas of their working lives. Engineering contractors remain satisfied about their working lives. They are most satisfied with the work itself (82%), location of the job (78%), flexibility of hours (73%), the rate of pay (72%), current life in general (72%) remote working options (70%), and work life balance (51%). The lowest satisfaction score was work life balance, this factor also received the lowest satisfaction rating from engineering contractors in 2023  at 71%.

Future Expectations

Engineering contractors have a positive attitude towards the contracting sector with 55% of participants stating they think the contracting sector will increase in the next 3-5 years. 33% of respondents believe that the Irish economy will perform better in 2024 compared to 2023. 6% of engineer contractors believe the contracting sector will decrease in the next 3-5 years, while 18% of engineering contractors expect the Irish economy to preform worse this year than last.

Confidence Index

Those working in the engineering and technical activities sector are optimistic about both the contracting sector and the Irish economy. In 2024 the confidence index score in relation to the performance of the contracting sector in the next 3-5 years is +28. The confidence index score in relation to the performance of the Irish economy in 2024 is +9.

The Irish Economy

Confidence Index

Engineering
2024 +9
2023 +8
2022 +35
2021 +2

The Contracting Sector

Confidence Index

Engineering
2024 +28
2023 +27
2022 +40
2021 +25
Follow Link

Next - Medical Locum

  • Daily Rates
  • Age
  • Gender
  • Employability
  • Job Satisfaction & More!

Data Table

2024 2023
1-3 Months 4.00% 8.00%
4-6 Months 9.00% 11.00%
7-12 Months 56.00% 51.00%
13-24 Months 14.00% 14.00%
24+ Months 17.00% 16.00%

Data Table

2024 2024 2024 2023 2022 2021
Disagree Neutral Agree Agree Agree Agree
My experience is in demand on the labour market 2.00% 12.00% 86.00% 86.00% 94.00% 75.00%
It is easy for me to find another contract 10.00% 29.00% 61.00% 77.00% 62.00% 60.00%