Thursday 18 July 2019

Cork now a magnet for tech workers

Maria Herlihy

A new survey has found that highly-skilled tech professionals from all over the world are moving to Cork for a better quality of life, career opportunities, shorter commutes and lower living costs.

The Cork Tech Talent Relocation Survey, was carried out by National Recruitment & HR Services Group Collins McNicholas in conjunction with Cork Chamber, IDA Ireland and Cork City Council. The report included responses from workers of 27 different nationalities with two thirds having relocated to Cork during the last two years.

Respondents relocated from countries such as China, the US, South Africa, France, Egypt and the Netherlands.

Fast becoming an international high-tech hub, Cork is attracting a large number of foreign and indigenous tech start-ups. 84% of respondents to the survey currently work in the city's buoyant IT sector and more than 85% of those surveyed said they were satisfied or very satisfied with their relocation. And 80% say they now have a better balance between their work and home lives. Some 85% now have a commute to work of less than 40 minutes and 78% said they did not consider it difficult to find a job in Cork.

While 27% of those who moved back were originally from Ireland, some 73% relocated from outside of Ireland.

Asked about the factors which influenced their move to Cork, 73% cited a better quality of life while 72% referenced a reduced cost of living. The other main reasons given were: lower property prices, less traffic, career opportunities, beautiful scenery and a safer environment.

Rory Walsh, Collins McNicholas, Cork Regional Manager, said:"The Cork region is experiencing a surge in the number of international professionals who are moving to the region for the work/ life balance that both the culture and economic environment can facilitate.

"Many expanding global organisations and indigenous companies are offering competitive salaries and interesting projects while the region also provides an unrivalled local charm and thriving social scene,"

Seamus Coghlan, Cork City Council, Head of Economic Development, said:"Cork is seeing an unprecedented level of city centre development, driven by the private sector."

He said the draft National Planning Framework (NPF) has acknowledged the role of cities as drivers of economic development. Cork, as the second largest city in Ireland, is well placed to take advantage of this, leveraging existing strengths and economic successes especially in FDI in the Life Sciences, ICT and internationally traded services sectors.

Ray O'Connor, IDA Regional Manager South West, said: "Over the last seven years, Cork has seen consistent growth in the numbers gaining employment across international companies - an increase of 11,500 people since 2009." He also said that Cork as a University city with over 30,000 full and part-time students across several colleges along with a strong established industry cluster and an expanding international airport has attracted both international companies and people with skills and talent to the area.

Conor Healy, CEO, Cork Chamber of Commerce, said:"This is the most exciting time in recent Cork history in terms of growth and opportunities."