by Mark Fallon, Director and Co-Founder at Coopman
The financial services sector saw substantial growth in 2024, with job creation spanning across multiple sectors including banking, insurance, funds, and aircraft leasing. The demand for qualified professionals remained strong across all levels, from entry-level graduates to senior business leaders, reflecting movement and opportunities at every stage.
Growth and working trends in 2025
We anticipate continued growth in financial services sector in 2025, with several new entrants entering the market. Professionals are expected to explore new opportunities, which may drive an increase in hiring activity, leading to a demand for recruitment needs in 2025.
Increased in-office days
One of the key trends we’re expecting is the increase in required in-office days, with many companies shifting from 2-3 days to 3-4 days onsite. This change stems from concerns about weakened collaboration and workplace culture, prompting organisations to bring staff back to the office. While this shift may provide new opportunities for professionals as work-from-home policies evolve, it could also present challenges for talent retention.
Flexibility as a competitive advantage
Companies offering greater flexibility will likely have the upper hand in attracting and retaining talent in 2025.
Emigration trends in financial services
Emigration
Net emigration continues to be notable among lower-level professionals, a recurring pattern following major events like economic downturns or the Covid-19 pandemic. Many Irish professionals choose to emigrate, while this trend may remain prominent in 2025, it is expected to occur at slightly lower levels compared to previous years.
Return of expats
On a positive note, a higher number of expats are expected to return to Ireland next year, especially those who left 2-3 years ago. This reflects a natural cycle of movement as professionals return home after time abroad. The return of internationally experienced professionals offers local companies a valuable pool of talent, bringing global experience and unique perspectives that can benefit the Irish financial services industry.
Linking risks with increased in-office days
As organisations increase their in-office requirements, one significant challenge is the commuting conundrum. Long commutes, inadequate infrastructure, and delays can severely impact employees’ productivity and satisfaction. This frustration is contributing to higher employee turnover rates, as workers seek roles with better flexibility and work-life balance.
Key Drivers of Employee Turnover
- Commuting time & infrastructure issues: Lengthy commutes and poor infrastructure are major pain points for employees.
- Lack of flexibility: The inability to balance work and personal life due to rigid schedules is driving dissatisfaction, impacting employee well-being and productivity.
Recommendations to Clients
To address these challenges and reduce turnover, we recommend the following strategies:
Flexible Work Hours: Companies should consider eliminating rigid office hours, offering flexible start and finish times tailored to employees’ needs, such as 7 am to 4 pm schedules.
Employee Perks: Adding perks like designated parking spaces, commuting assistance, and childcare support schemes can enhance employee satisfaction and retention.
Tailored Solutions: Given that not all employees are equally impacted by the increase in office days, adopting a tailored, flexible approach to policies will be key in maintaining employee morale and retention.
Key Takeaway
The most successful companies in 2025 will be those that offer thoughtful, flexible solutions rather than a one-size-fits-all approach. Organisations that understand and adapt to their employees’ needs—whether through flexible working arrangements, commute assistance, or other support—will emerge as leaders in attracting and retaining top talent.
About the author
Mark Fallon is a Director and Co-Founder at Coopman Search & Selection, a purpose-led financial services recruitment company that combines lateral thinking with sector expertise across Financial Services operating in Dublin, London and New York.
