Oireachtas Joint and Select Committees

Tuesday, 13 November 2018

Seanad Public Consultation Committee

Small and Medium-Sized Enterprises: Discussion

2:30 pm

Ms Evelyn O'Toole:

I will take the question on attrition. As a result of the environment in which we work, which is in the life sciences, we become the supplier or the nursery. We bring in people, we train them and then they go to places where they can get larger packages quite quickly, perhaps within two to three years. There is an inversion of this also, which serves us well. We supply fully trained analysts to the same guys that we compete with. We are a small to medium sized enterprise, SME, competing with a multinational. The same market is taking our guys through the recruitment and we are also supplying them part of their headcount. We can be part of the correction of that by agreements with them. I think I speak for the industry when I say that the smaller guys find it more difficult to compete with the bigger guys in terms of security. In the context of entrepreneurship, if a person is offered a senior executive package of €150,000 to €200,000 with loads of security then why on earth would he or she become an entrepreneur? The stakes are against it.

Comments

No comments

Log in or join to post a public comment.