'In the digital environment in which enterprise operate today, organisations are increasingly exploring new, innovative ways to gain competitive advantage over their rivals. One trend which has been adopted in recent times in order to achieve this is the increased use of robotic process automation within organisations.'
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Check out our video with Silicon Republic explaining how Ireland stands to gain from the convergence between traditional medtech and life sciences with digital technologies.
That’s the view of Aidan Meagher, life sciences and medtech lead at EY in Ireland.
At EY, we are committed to building a better working world — with increased trust and confidence in business, sustainable growth, development of talent in all its forms, and greater collaboration.
We want to build a better working world through our own actions and by engaging with like-minded organizations and individuals. This is our purpose — and why we exist as an organization.
Running through our organization is a strong sense of obligation to serve a number of different stakeholders who count on us to deliver quality and excellence in everything we do.
We want to use our global reach and scale to convene the conversation about the challenges facing economies and the capital markets.
When business works better, the world works better.
Dublin, 6 November 2017: EY today announces fee income growth of 12% to €247 million in Financial Year 30 June 2017 (‘FY17’), up from €220 million in FY16. For the same period, the UK practice reported fee income growth of 9.2% to £2.35 billion. Globally, EY reported annual revenues of US$31.4 billion for FY17, a 7.8% increase over financial year 2016 revenues in local currency.
For the fourth consecutive year, EY reports double-digit growth, with strong performance across all service lines. Notable performance is reported across a number of key areas of recent strategic investment, including innovative client service offerings such as EY Seren and its Statutory Reporting Centre of Excellence.
Mike McKerr, Country Managing Partner, EY Ireland commented: “Posting double-digit growth for the fourth consecutive year in what continues to be a complex business environment demonstrates our momentum in the market. The growth we achieved in FY17 is down to the significant investment we have made in new technologies, and – most importantly – our people, who are spearheading transformation and best-in-class client service across a variety of industries.”
Within EY’s Advisory and Consultancy practice, Performance Improvement (PI) has been a continued source of growth. Exceptional growth of 41% reflects the high levels of client demand experienced during the year in the areas of business transformation, process improvement, digital strategy, and people and organisational change. The recent launch of EY Seren Ireland marked an important milestone, bolstering EY’s digital and customer experience capabilities. The appointment of Frank O’Dea as Chief Innovation Officer further hallmarks EY’s commitment to innovation as a strategic priority across the business and in its service offerings to clients.
Within Assurance, investment in FIDS (Fraud Investigation and Dispute Services) and Data Analytics in recent years has also led to strong growth of 37% and the firm anticipates further growth in this area in FY18 as clients increase focus on GDPR and the impending deadline in May 2018.
Corporate Tax grew by 12% as a result of continued investment in high-growth areas such transfer pricing and R&D. Driven by the current international environment, the firm has seen an increasing number of clients seeking to rebuild sustainable tax strategies in alignment with business imperatives, and dealing with higher levels of tax controversy around historic arrangements.
Attracting and developing talent
As of the end of September, 2017, EY employs 2,383 people across the island of Ireland, including a recent intake of 248 graduates, signifying a 14% increase in headcount. In addition, FY17 saw the appointment of eight new partners, bringing the total number across the island of Ireland to 68. In FY17, EY invested in high-growth areas which are core to Ireland’s sustained economic prosperity. This was reflected in the appointment of Shane Mac Sweeney as Partner and Head of Government & Infrastructure for EY Ireland, along with Neil Gibson as Chief Economist.
Mike commented: “While core traditional business skills will always remain invaluable, the diversity of skills, backgrounds and specialisms we seek now versus five years ago is very different. We have engineers, scientists, economists, programmers, customer experience specialists. All of these professionals are really delivering something different to our clients looking for advice and insights on managing risk, growth opportunities and digital integration and transformation”.
“Brexit, along with other economic and regulatory considerations will bring some challenges for our clients this year, and digital disruption will remain a prominent theme. The resilience of Irish businesses is remarkable, and we will further build on our focus to deliver exceptional client service to an expanding base of clients across Ireland in the face of continued political and economic uncertainty,” Mike McKerr concluded.
My EY journey began in 2010 when I completed an 8 month work placement in the Audit department in EY Dublin. This was an invaluable experience and I was delighted to be offered the opportunity to complete my training contract in EY Cork. Three and half years of exams and work flew by and I finished my training contract in April 2016. For personal reasons I had planned to move to Dublin after my training contract, so I started to explore what else EY had to offer. This is how my move to EY’s Global Reporting Center of Excellence (CoE) came about in August 2016. The Partners and team I worked with in the Cork office were fully supportive of my move and the transfer couldn’t have been smoother. Also, given that I was already familiar with Dublin from my training contract the move was less daunting than it might have been otherwise.
Why CoE? For me there were many reasons. Firstly, I wanted a new challenge and I knew that I would have the opportunity to work with the firm’s largest global audit clients providing innovative solutions to global statutory reporting. Also, the CoE is a fast growing department which in turn creates a lot of exciting opportunities. We work with people across the globe, from many different cultures and backgrounds, such as data scientists, who bring different views and perspectives to the table. Working with the CoE Data Analytics team allows us to drive innovation into the global statutory audits through data capture, automation, robotics and deployment of data analytics at scale.
Worklife balance is something that is very important to me and I am happy to say that the CoE provides this. There are lots of social events organised throughout the year, both in and outside of the office, which allows you to get to know everyone in an informal setting. These events, along with our open floor plan, help to create an open and collaborative environment.
Finally, the personal development that is available within the CoE is excellent, I was promoted to manager in October 2017, and although this has brought lots of exciting challenges, I feel I have great support every step of the way!
To learn more about EY Ireland go HERE
We are proud to have flexible working embedded into our culture, whether on a formal or informal basis.
We enable our people to make their own decisions and focus on outputs, use their judgement and make the right decisions around working flexibly, and we understand that requirements change as peoples' careers and lives evolve.
We have provided work spaces that enable fluid working patterns, invested in robust technology that supports flexible working regardless of location and have developed effective communication channels across the firm. We are committed to being an inclusive employer and encourage our employees to work flexibly.
“We have worked hard to create a culture where all of our people feel comfortable using day-to-day flexibility when they need it. We make sure all of our people feel empowered to take advantage of flexibility, in any of its forms, so they can balance their lives in the way that works best for them.” Mark Weinberger, Global Chairman and CEO of EY
To learn more about flexible working visit eyirelandcareers.ey.com/experienced/blogs/flexible-working
Being a Developer at EY Ireland - William Ho
Hi I’m Will and I’m from EY’s innovation team. With a background in computer science, specialising in distributed computing and mobile technologies, I’m not who you could typically imagine working in EY, most people when they think of EY they think of accountancy and consultancy but recently EY is expanding into the area of innovation, leveraging on new and emerging technologies to help their clients face the challenges and take advantage of the opportunities that the ever changing digital age presents.
The innovation team is composed of a number of both technical and non-technical people brought together to create a highly skilled and diverse team of many talents to deliver the best solutions available. While EY may not be your typical hirer of developers, I found myself joining a very supportive and encouraging team of amazingly talented people.
My role on the innovation team focuses mostly around the design and development of client projects primarily in the areas of web and mobile devices. My day to day involves the design, development and implementation of these projects from a coding perspective within an agile environment. Thanks to EY’s positive attitude towards personal development I have had the opportunity to learn and improve upon my skill set while working on interesting and engaging projects. EY differed greatly from my expectations of conventional corporate culture with a very open mind set and almost horizontal corporate culture where input at all levels is taken into consideration.
This expansion into new areas has resulted in a number of new teams including a cyber security team, the EY Seren team (which focuses on leading edge design), and the innovation team. As a member of the innovation team my role is to assist in the approach and development of solving current business challenges, as well as developing new approaches to improve upon already existing solutions using the latest methods and technologies available, as whilst focusing on disruptive growth.
We are now looking to expand our team by hiring more technical people to contribute their skills and talent to the development and coding of a broad range of challenging and rewarding projects!
To read more stories from our people at EY Ireland go HERE
I have been working at EY full-time
Great place for learning on the job
None that I could identify
I applied through college or university. I interviewed at EY (Cork) in September 2016.
Good interview process, I was recruited through college placement and had one interview with a manager from EY. It was a competency based interview. He was very nice and told me to take as much time as i needed when answering the questions