Hous­ing is ham­per­ing search for em­ploy­ees

Irish Independent - - Business - El­lie Don­nelly

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

Newspapers in English

Newspapers from Ireland

© PressReader. All rights reserved.