A new ‘Global Talent Tracker’ from recruitment firm Hays and Oxford Economics has ranked Ireland 33rd out of 35 global economies.
The country’s workforce was ranked poorly in the areas of talent value and flexibility, driven by high operational costs and growing pressure on skills availability in key sectors.
“The findings reflect the pressures of a market nearing full employment, where rising business and wage costs present an ongoing need to enhance productivity,” the report found.
Ireland also received a low ranking for talent development pointing to the importance of continued investment in education and training infrastructure.
Ireland’s workforce ranked highly in innovation and participation, but concerns over high costs and skills pipelines impacted the country’s overall rating.
Overall, the report places Ireland behind European competitors such as Sweden, the Netherlands, the UK, and Germany.
“Ireland continues to benefit from a highly skilled and innovative workforce, but the findings suggest there are opportunities to strengthen our position further on the global stage,” said Barney Ely, Senior Managing Director for Ireland at Hays.
“The report highlights the importance of ensuring that investment in talent aligns with value creation and underscores the need to continue developing the skills pipeline required for tomorrow.
“Encouragingly, the report positions Ireland as a country with strong potential to lead through innovation, adaptability, and its commitment to education and workforce development,” Mr Ely said.
Article Source – Ireland ranked 33rd out of 35 economies in ‘Global Talent Tracker’
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