Saturday 22 July 2017

Anti-Brexit sentiment 'will make Ireland more attractive to top global talent'

Almost all employers surveyed (95pc) believe five extra days holidays would increase productivity

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Ellie Donnelly

Nearly all employers believe that anti-Brexit feeling will make Ireland more attractive to top global talent, according to a recent survey.

The the Cpl Resources Employment Market Monitor Q1 2017 also found that Ireland has experienced job growth for the 21 consecutive quarter in sectors largely represented by FDI in Ireland.

“Potentially there will be lots of jobs coming to Ireland especially in the financial services area. The key issue is around the inability of banks to trade the Euro once Britain is out of the EU,” Peter Cosgrove, director, Cpl Resources said.

Overall jobs postings grew by 14pc in the first three months of 2017, up from 6pc and 10pc in each quarter in 2016.

The strongest growth was in accountancy, finance and banking, at 60pc year on year. This was the fourth quarter in a row that the sector experienced strong growth.

Growth was also strong in Science, Engineering & Supply Chain at 19pc.

Read more: Forgotten by the recovery: How south-east is still worst for jobs

IT jobs showed a small fluctuation, however the sector is so exceptionally strong that this change represented the ongoing challenges of meeting the demand for IT candidates.

Sales & marketing jobs postings had a small year on year decline of 7pc, the first since 2014.

Over 60pc of employers believe it is an employee’s market, meaning they are still struggling to get the staff they need at the right price.

Almost all employers surveyed (95pc) believe that five extra days holidays would increase productivity in their workforce. However, considering 80pc of staff don’t take their full holiday entitlement, this extra leave may not be used.

Read more: Unemployment rate dipped below 7pc for first time since 2008

Almost two-thirds of those surveyed believe that staff are less productive when they work from home, despite studies showing that employees value flexibility above other benefits.

A further 60pc of employers believe that the technologies facilitating home-working work better in theory than in practice.

“It is unfortunate that our research shows that employers are resisting and eschewing home-working. Presenteeism appears, still, to be an important criterion for measuring ‘productivity’, despite proof it is ineffective. If employers want to hire and keep the best talent, they need to reconsider what they can offer,” Cosgrove said.

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