Business Irish

Wednesday 13 December 2017

Skills here 'failing multinationals'

Sarah McCabe

Sarah McCabe

MORE THAN half of all multinationals based here have trouble finding Irish staff with the rights skills, a new study has shown.

Half of the multinationals also said that their costs in Ireland had risen this year; just one-third stated that it remained unchanged.

The findings are from a survey by Danske Bank and the Irish Management Institute (IMI) of foreign-owned companies operating here.

Energy, labour, transport and telecommunications dominate the cost base of the firms, the research found.

Difficulty in finding employees with the right skills has emerged as a big concern for employers as more and more digital business in particular open and grow here.

"A highly skilled workforce is essential to attract and retain higher value-added activities. With 57pc of firms specifying some difficulty finding the right skills, according to this survey, there is a clear need for practical action to close the gap between the worlds of education and work," said the Irish Management Institute's chief executive Dr Simon Boucher.

"The Government is undoubtedly making progress in tackling the mismatch between education and the labour market through initiatives such as reform of the maths syllabus and the Action Plan for Jobs.

"But I strongly believe Irish educational institutions can work more directly with industry to significantly develop workforce capability," he added.

Dr Boucher pointed out that raw material costs are of less concern to multinationals than employee skill sets.

Irish Independent

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