According to Ibec, demand for tech talent in Ireland is still high despite recent layoffs

Despite the “deeply disturbing” layoffs announced in the industry in recent weeks, there is still high demand for tech talent in this country, politicians are told today.

Representatives from key employers’ group Ibec will appear before a Dáil committee to say Ireland remains a “technology powerhouse” at the heart of industry in Europe but we cannot afford to be complacent.

Ibec’s submission will claim there is particular demand for employees from Irish-owned tech companies, which have found it difficult to hire “at pace” over the past two years.

Una Fitzpatrick, Director of Ibec’s Technology Ireland, will tell the Joint Committee on Business, Trade and Employment that a global slowdown in the sector has been forecast.

“While the news of layoffs at a small number of companies is disappointing and deeply troubling for those affected, there remains high demand for tech talent in this country, particularly from our homegrown tech companies who have found it difficult to hire new staff quickly to be discontinued in the last two years,” the template says.

Ms Fitzpatrick will say the sector employs more than 270,000 people and has grown by 30 per cent over the past two years.

Official figures show that its employees have the highest average earnings in the country, with wages of 8.5 billion euros in 2019.

Around 63 percent of the workforce have a university degree or higher.

Ms Fitzpatrick will say that a successful tech sector needs access to a “constant and smooth supply of talent”.

“A strong response is required to maintain a sustainable pipeline of talent”

“A critical part of Ireland’s success story has been the talent available to both our domestic and multinational companies,” reads the filing.

“Those talents have traditionally been provided by two sources – the results of our third tier colleges and Ireland’s flexibility and attractiveness in welcoming foreign talent.”

Ms Fitzpatrick will say these streams are now under pressure and a strong response is needed to maintain a sustained pipeline of talent.

The template states that global inflationary pressures have impacted the sector. It is said that the best safeguard to ensure Ireland maintains and builds on its reputation as a technology hub is a well-resourced regulatory structure. According to Ibec, demand for tech talent in Ireland is still high despite recent layoffs

Fry Electronics Team

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