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Amid hiring surge, 79% of businesses struggling to fill vacancies

By May 19, 2022No Comments

A new report has revealed record levels of hiring by Irish businesses but also shows that many are struggling to fill vacancies.

According to the latest ManpowerGroup Employment Outlook Survey, employers of all sizes plan to expand headcount significantly.

The study shows that Ireland has recorded the highest net employment outlook in Europe, closely followed by Finland and the Netherlands.

The banking, finance, insurance and property sector is seeing the strongest level of hiring intentions.

Employers in Dublin are reporting their highest hiring outlook on record with other regions also showing robust employment trends.

“The Capital’s record hiring is driven by the ever-strong IT and tech sector holding its strong performance from last quarter and is boosted by all-time high hiring outlooks from the Dublin-based finance sector, hospitality sector, and construction sector,” said John Galvin, Managing Director, ManpowerGroup Ireland.

Amid the hiring surge, 79% of employers are having difficulties filling vacancies, which is up 7 percentage-points on the previous quarter.

“As evident in markets across the world, employers are struggling to find applicants with the right skillsets for their needs,” said Mr Galvin.

“Candidates with in-demand skills have more choice and bargaining power than ever before, and employers need to look at talent-sustainable solutions if they want to attract and retain these candidates,” he added.

The ManpowerGroup Employment Outlook Survey is based on responses from 425 employers across Ireland.

It asks whether employers intend to hire additional workers or reduce the size of their workforce in the coming quarter.

Article Source – Amid hiring surge, 79% of businesses struggling to fill vacancies Brian O’Donovan – RTE

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