Strong Growth in some Business Employment Sectors

Growth in Business employment in Ireland

The Irish governments initiative to boost business employment creation in the Business and Finance sector, along with strong demand from International multinational tech giants, as job creators, has seen strong growth in employment.   In addition, there has been major shift in the education and skill requirements for business employment, including new skill requirements in data, analytics, project management, quality management and leadership.  Research by Forfas shows that In 2015, approximately 170,000 persons were employed in the business and financial occupations, representing 8.6% of Ireland’s workforce. In 2015 alone, over 7000 job vacancies in the Financial services sector were reported. Typical job vacancies in this sector include:

  • Managers (20% on average annually)
  • Finance and admin (50% on average annually)
  • Project managers
  • Management consultants
  • Business and data analysts
Strong demand for highly skilled professionals

With over 22,500 graduates (level 6-8 NFQ) in the 2014/15 academic year, there still remains massive shortages in Business and Finance applicants in Ireland.  Demand for highly skilled professionals across various disciplines remains strong, however the true extent of the ‘Brexit’ on the Irish economy and Financial services sector remains unclear Negative effects may affect businesses which rely heavily on UK exports, such as the food industry. Despite this, Ireland remains the only Country in the EU with English as its first language, which could potentially result in the relocation of multinational companies from the UK to Ireland.

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