Ireland Job Market in 2024-25

• Ireland is a popular destination for Indian job-seekers
• Data scientists and analysts will continue to be in high demand by 2025
• Dublin, entrepreneurial city has more job opportunities
• The unemployment rate for 2023 was 4.9% in Ireland
• Ireland's GDP for the year 2023-24 is estimated at 7.3%

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Job Outlook in Ireland

Understanding the job outlook for job seekers and employers

In 2023, Ireland illustrated remarkable changes, exhibiting the fastest-growing economy in the Eurozone. At the heart of our strength lies a fixed responsibility to revolution and talent development. The country has constantly supported a vibrant ambitious ecosystem, attracting global companies and promoting a culture of innovation. This has converted into a talent pool of skilled professionals, especially in the technology and financial sectors.

The current labour market is strong, with decrease in unemployment and increase in employment rate. This tight job market adjusts the stage for notable increases in real wages, especially in sectors facing skill shortages like engineering, technology, and financial services.

 

General employment trends for the year

2024 is expected to observe rapid expansion in a number of industries, with the financial services, accountancy, technology, engineering, and life sciences sectors leading the way. In response to economic swings, the salary landscape illustrates a calculated yet strategic response; over half of Irish businesses expect raising salaries, particularly for positions that are difficult to fill. Salary increases are probably going to follow inflation rates in most industries.

Although salary increases are anticipated, 37% of job searchers stated that their main inspiration for looking for a new job in 2024 was greater pay elsewhere. This demonstrates how competitive the labour market is and how important it is for companies to provide attractive benefits and packages in order to draw in and keep top personnel.  

 

In-Demand Industries and Occupations

Analysis of industries experiencing growth and increased demand for skilled workers

The Republic of Ireland is home to many booming industries, including manufacturing, software engineering, medical devices, aerospace, and renewable energy. These businesses all contribute to the growth and revolution of the Irish economy. It's critical to stay aware of the most recent trends and data that are controlling these industries' futures as we continue to negotiate their shifting terrain.

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Discussion on specific occupations in demand

The most in-demand occupations looking for highly skilled workers their average salaries per year are listed below:

Highest paying jobs/occupations in Ireland and their Salaries

Occupation	Average annual salary
IT and Software	€ 56 331
Engineering	€ 55 581
Accounting and Finance	€ 46 368
Human Resource Management	€ 46 424
Hospitality	€ 38 437
Sales and Marketing	€ 47 780
Healthcare	€ 61 977
STEM	€ 59 902
Teaching	€ 45 407
Nursing	€ 27 750

Source: Talent site

 

Workforce demands in different States of Ireland

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Highlighting areas with notable job opportunities or challenges

The service sector dominates the job market. Opportunities can be found in a number of major industries including the growing technology sector, where the demand for IT workers is high, and thanks to Ireland's rising popularity as a holiday destination, the hospitality and tourism industry are in need of both skilled and casual workers.

The job market is mainly led by the service sector, offering diverse opportunities across several key industries. Especially, the technology sector is experiencing significant growth, leading to a high demand for IT professionals. Additionally, Ireland's increasing interest as a holiday spot is driving demand within the hospitality and tourism industry, creating opportunities for both skilled and part-time workers.  

Ireland country is also home to several multinational companies, like:

• Apple
• Facebook
• Google
• Microsoft
• Ryanair

 

Impact of Technology and Automation in Ireland

Discussion on how technological advancements and automation are shaping the job market

Technological developments such as artificial intelligence (AI), machine learning, and automation are changing the nature of jobs and the skills needed for them. While previous waves of AI mostly affected physical work, McKinsey predicts that the rise of general artificial intelligence (gen AI) would have a real impact on knowledge work, which includes disciplines like education, law, technology, and the arts.

Additionally, the potential applications of AI in the workplace have expanded with the release of ChatGPT in November 2022, among other recent development in the field that enable the production of various content types. It is anticipated that in 2024, as employer and worker confidence in AI increases, the gap between the desire to use AI and its actual deployment will close.

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Potential opportunities and challenges for workers in the evolving landscape

The job market in Ireland is in a state of continual change, driven by growth in technology, shifts in the economy, and changes in demographics. It's important for job seekers to stay informed about these developments and actively enhance their skills and expertise to align with the demands of employers.

 

Skills in-demand in Ireland

Identification of key skills sought by employers

In Ireland, the technology sector stands out as one of the fastest-growing industries, with projections indicating sustained growth throughout 2024. There exists a strong demand for skilled professionals in specialized fields like software development, cyber security, and data analytics.

Importance of up skilling or reskilling for job seekers

Apart from technical expertise, employers are increasingly looking for candidates having strong soft skills like communication, teamwork, and problem-solving. These skills are necessary for success in today's workplace, irrespective of the sector.

 

Remote Work and Flexible Arrangements

Exploration of the continuing trend of remote work

Remote work has become more common, workers are given permission to live and work from anywhere in the world. Also, technology has made it simple for entrepreneurs to start their own businesses and for workers to do freelance.

Implications for both employers and employees

The COVID-19 pandemic has quickened the promotion of remote work, and this trend is expected to continue in 2024. Remote work offers many benefits, such as increased flexibility and work-life balance.

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Government Policies and Initiatives

Overview of any government programs or policies influencing employment

Entrepreneurs are essential to Ireland's economic growth. The creative ability of a person to see an opportunity and seize it in order to create new value or financial success is the definition of "entrepreneurship" as stated in the 2014 National Policy Statement on Entrepreneurship. The Policy Statement went on to state that "any thriving economy's health and wellbeing are critically dependent on entrepreneurship." "SMEs and entrepreneurship are central to Ireland's challenge of generating a broad-based growth and prosperity," the OECD declares, agreeing with the statement. Our economy's capacity to flourish is largely reliant on entrepreneurs and the SMEs they found, nurture, and expand.

Analysis of how policy changes may impact the job market

Similar to other countries throughout the world, Ireland had to quickly implement substantial measures in response to the Covid-19 pandemic, many of which had an impact on employment. The fact that a general election was held in early February 2020 and no political party was able to secure the sizeable majority needed to establish a new government further exacerbated the situation in Ireland.

 

Challenges and Opportunities for Job Seekers in the Ireland

Discussion on the challenges faced by job seekers

In Ireland, hiring has grown more difficult, with many businesses finding it difficult to locate qualified applicants for open positions. Numerous causes, such as the COVID-19 pandemic's effects and the tight labour market and skills deficit, are to blame for this. There is an especially severe skills shortage in some industries, such healthcare, IT, and construction.

Because of this, some companies now have to pay more and provide better perks in order to draw and keep employees. Furthermore, a change in the way individuals work has been brought about by the pandemic, with many choosing flexible or remote work schedules. Employers now find it more challenging to draw in applicants seeking for conventional office-based positions as a result.

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Tips and strategies for navigating the job market successfully

Six key focus areas that will help you make a favourable impression in front of recruiters.

Optimise Your Resume and Cover Letter

Making a good first impression is possible with the help of your cover letter and resume. Resumes specifically designed for a given industry have a significantly higher possibility of getting chosen for further consideration. Make your CV unique and tailored to the position you're going for by emphasizing your accomplishments and pertinent abilities.

Leverage Your Education & Highlight International Exposure

Making a good first impression is possible with the help of your cover letter and resume. Resumes specifically designed for a given industry have a significantly higher possibility of getting chosen for further consideration. Make your CV unique and tailored to the position you're going for by emphasizing your accomplishments and pertinent abilities.

Showcase Internships and Work Experience

It's also crucial to emphasize internships and work experience. Expertise obtained from internships, cooperative education, or part-time work showcases your practical abilities and comprehension of the field. It demonstrates your readiness to get started right away, which is helpful to employers who are seeking for new hires right away.

 

Summary of Ireland Job Outlook

Candidates who want to explore different career paths, working abroad may be exciting opportunity for them. Ireland, a country in Southern Europe, provides inspiring career opportunities in areas such as tourism, retail, finance, IT and business. If you are thinking to apply for a job in Ireland, you can benefit from learning about the corporate culture, lifestyle and the job application process.

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