Six Sectors Fuel Irish Employment Growth

Still more good news on the employment front. According to the OECD (The Organization for Economic Co-operation and Development) Ireland has the highest jobs growth rate in the European Union. Economists continue to forecast that Ireland will see over 60,000 jobs created over the next 12 months.

Six key industrial sectors seem to be fueling this dynamic growth. These include:

• IT Services / Computer Software / Hardware - hardware and software engineers, pre- and post-sales engineers and consultants, and marketers. 
• Accounting and Auditing
• Innovation and Intellectual Property Professionals
• Green Sector Employment - including renewable energy and environmental efficient technologies which will demand engineers, sales, and marketing types
• Business Services - a catch all that includes computer and information services, financial services, insurance services, and related business expertise to support a growing economy
• Medical / Health - including healthcare professionals and pharmaceuticals-related skill sets

The continuing strength of the euro v dollar would logically seem to hamper exports. However, this does not seem to be holding true in that exports from Ireland to all destinations is steadily increasing. Exports are a significant leading indicator regarding the overall recovery of Ireland from recession. As long as exports continue to rise, the Irish economy will also continue to gain traction.

Skills Shortages - An Opportunity
Irish employers are already talking about a skills shortage and the inability to find suitably qualified personnel to fill key positions. The skills shortage would seem to be particularly acute in the IT sector where thousands of vacant jobs remain unfilled. High demand for IT personnel, but an inadequate supply, should see salary increases in this area. Shortages will also be met with a demand for 'foreign'-based personnel - meaning that for those of you who desire to immigrate to Ireland and who are also IT qualified, gaining a work permit should present few problems.

More information will follow as I continue to gain insight into the current rebound of Ireland's economy.

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