EY has reported record levels of growth for its business on the island of Ireland, with revenues to the end of June 2022 up 26% to €536 million (up from €425 million in the prior Financial Year). Globally EY reported revenues of US$45.4b in FY22.
EY reported strong performance across all four service lines: Assurance, Consulting, Tax and Law, and Strategy and Transactions in its offices in Dublin, Belfast, Cork, Galway, Limerick and Waterford. Its headcount on the island of Ireland now stands at 4,208, an increase of 23% on FY21.
EY today also proudly announces 900 net new jobs on the island of Ireland which will grow our total headcount to 5,100.
550 of the positions will be for experienced hires while 350 will be filled by new university graduates. It is our intention to fill these 550 experienced roles as soon as possible. The majority of the 350 university graduates who were offered roles in EY for this financial year are now in the process of being onboarded with the remainder due to take up their new roles over the coming months.
EY will be actively recruiting candidates to fill a wide variety of roles across its core areas of tax, audit, corporate finance and consulting as well as in new growth areas including technology consulting, digital and emerging technology, data analytics, cyber security, sustainability, law, strategy and transformation. The firm is also recruiting heavily across other growth areas such as workforce and organisation design and planning, change management, transaction diligence, and valuations, modelling and economics.
Commenting on the results, Frank O’Keeffe, Managing Partner, EY Ireland said, “EY is proud to have delivered market-leading growth in our most recent financial year from 30 June 2021 to 30 June 2022. This exceptional result for EY Ireland is testament to our world class teams and our fantastic client base who turn to us to help them solve their most complex strategic challenges. Our long-term investments in our people and in technology have allowed us to work seamlessly with our clients to deliver exceptional service as we help them to stimulate innovation, increase organisational agility and strengthen resilience.
“Our plan to increase our current headcount on the island of Ireland from 4,200 to 5,100 people is hugely exciting for us. Strong client demand for our services gives us confidence to continue with our ambitious growth plans. We’re seeking to recruit the brightest and most diverse talent across a host of disciplines to join our brilliant teams. We recognise the important role we play in supporting the development of Ireland’s future business leaders and so we have a laser focus on ensuring our people have access to world class training and mentoring throughout their career at EY.
“As EY looks to boldly reshape the future of professional services we will do so from a position of strength as we harness the global and local momentum in our business. Our future plans to deliver even greater choice for our clients and the most exciting career opportunities possible for our people, are huge drivers for us as we chart our future path.”
Societal Impact Report
EY Ireland has today also launched its first Societal Impact report. This report sets out how, over the past financial year, EY Ireland has worked to create long-term value for a wide range of stakeholders including clients, people, suppliers and the communities we serve.
EY Strategic Review – looking ahead
Last month EY announced that the strategic review of its businesses has progressed and that EY leaders have reached the decision to move forward with partner votes on a proposal to separate into two organisations. One would be a global network of multidisciplinary member firms committed to assurance, tax and advisory services with all the capabilities required to deliver high-quality audits, serve the public interest and focus on the CFO agenda and sustainability; and the other would be a new global corporate comprising Consulting, Strategy and Transactions, the majority of Tax, and managed services.
The creation of two strong, independent businesses would help EY to better meet the needs of clients, create compelling careers for EY people and serve the public interest by providing greater choice in the market.
Frank O’Keeffe concluded: “The strategic rationale for our separation into two leading multidisciplinary businesses is compelling. We are committed to being at the cutting edge of innovation and transformation and it’s important that we continue to adapt to the ever-changing environment in which we operate. This proposed change, which will be voted on by our Partners in the Republic of Ireland early next year, would ensure that we maintain our current trajectory of strong and sustainable growth while also ensuring greater choice for our clients and unrivalled career opportunities for our people.”
EY Ireland’s Transparency Report 2022 (volume 1 and 2) and the EY Ireland Societal Impact Report 2022 can be seen at https://ey.com/ie/EYGrowth2022
For information on jobs at EY Ireland visit careers.ey.com.