Housing is hampering search for employees
THE number of professional job vacancies in Ireland rose by 12pc month-on-month in April.
However, increasing rental costs and property prices are impacting Ireland’s ability to attract international employees.
That is according to recruitment specialist Morgan McKinley, which has warned that Ireland’s ability to continue to attract international talent to meet the demand for employment has never been more critical.
In particular, the company has found a reluctance among employees in the tech sector to relocate to Ireland due to concerns regarding the supply of accommodation.
“This needs an urgent solution and communication of same to ensure we instil confidence in this international talent community that Ireland remains the best place to live, work and progress their career,” said Trayc Keevans of Morgan McKinley Ireland.
Earlier this week it was announced that the average cost of renting has surged past €1,000 a month nationally, while data from the Central Statistics Office found that pace of property price rises has picked up.
The news comes as the labour market continues to tighten year-on-year.
According to the latest Morgan McKinley Ireland Monthly Employment Monitor, May saw a year-on-year reduction both in professional vacancies in Ireland and in professionals seeking new roles comes as the country moves nearer to full employment.
Reinforcing the booming tech sector in Ireland, the report found that demand for jobs was high in certain key areas including IT, with the IT development space described as “very busy across the board.”
“In May, big data skills and experience, project management and user interface design were the primary drivers of the IT sector,” Ms Keevans said.
Finance was another sector that experienced a strong performance during the month, with a spike in demand for fund accountants and commercial insurance professionals.
Ireland needs to attract talent, says Trayc Keevans