For Irish CEOs, talent is becoming a defining factor in their continued ability to grow. New technologies, evolving business models, and continued investment ambitions will only deliver results if organisations have the people and capabilities needed to support them. The challenge is no longer simply attracting talent. It is building a workforce with the skills, adaptability and leadership capacity required for that next phase of growth.
Our research points to continued demand for people. Some 93 percent of CEOs in the Republic of Ireland and 80 percent in Northern Ireland expect their organisation’s headcount to increase over the next three years. Around one-third in the Republic, 33 percent, and 28 percent in Northern Ireland expect growth of at least 6 percent.
That challenge has particular significance across the island of Ireland. Both the Republic of Ireland and Northern Ireland are relatively small labour markets competing internationally for specialist skills and capabilities.
In the Republic, near-full employment, a highly mobile workforce and the concentration of major employers in sectors such as pharmaceuticals and technology create particular pressures.
Irish-owned businesses are competing for talent in the same labour market as large multinationals, often with significantly different resources at their disposal. With so many organisations planning to expand, competition for experienced people and specialist skills is likely to remain intense