Jobs surge for migrants in Ireland owing to Brexit

The number of jobs in the financial sector that were advertised in Ireland during the first quarter of 2017 rose by 60 percent when compared to the same period of 2016.

 

This is largely due to the highest ever foreign direct investment (FDI) in the country as the United Kingdom is losing its sheen because of Brexit.

 

The total number of jobs advertised in the CPL Resources Employment Market Monitor increased by 14 percent in the first quarter of 2017, an increase over the 6-10 percent range seen in each quarter of 2016.

 

The highest growth of jobs was witnessed in the sectors of accountancy, banking and finance as they increased by 60 percent compared to the first quarter of 2016. On the other hand, engineering, science and supply chain witnessed a growth of 19 percent when compared to the same period of last year.

 

Peter Cosgrove, CPL Resources director, was quoted by the Irish Times as saying that there will be many jobs created in Ireland, particularly in the financial services’ sector.

 

He said that although FDI in Ireland was at its highest level ever, allowing the country to provide high-value employment, the island country may not attract as much talent as it wants since it would be the only English-speaking country in Europe and, therefore, most people from Europe may not evince interest in relocating to this country.

 

Cosgrove said that three in five employers in the Republic of Ireland feel that it would be an employees market as they would not be able to lure enough talent into the country at the market price.

 

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