Aviation chief’s fears over Irish rankings in university tables
Do not be afraid to fail in business, company chief executives were advised yesterday.
At the annual CEO Forum jointly organised by Deloitte and Enterprise Ireland, Dómhnal Slattery, chief executive of aircraft leasing firm Avolon, also expressed concern at the global rankings of Irish universities.
Earlier, Jobs Minister Richard Bruton said Irish companies and Irish education bodies need to place a greater focus on apprenticeships along the lines of the German model.
He said there was a "massive war for talent".
"We do not have the German system where companies have always committed to strong apprenticeship flows to have very close relations with the education models and develop the next generation.
"But we need to create that sort of a network. We need to develop apprenticeships and we need to develop the whole pipeline of talent.
"That is a pipeline that the public sector alone can't manage and there is going to be new challenge for enterprise."
Mr Slattery told the forum in Dublin Castle that business chiefs shouldn't be afraid to fail, suggesting it was a learning opportunity.
He also urged businesses looking to expand internationally to tap into Ireland's embassy network, claiming Ireland's diplomats were business-focused.
This year's event also included a special panel discussion involving so-called millennials.
A survey of 7,800 individuals from 29 countries, released in conjunction with the forum yesterday, said six in ten millennnials want to work for an organisation "with a sense of purpose". Over three-quarters said their organisation's purpose was one of the reasons they wanted to work there. Only 28pc said their organisation made full use of their skills.
"This insight into the mind-sets of millennnials is invaluable, however it does present challenges to Irish ceos," Deloitte Ireland human capital partner Cormac Hughes said.