Hiring rates have declined from post-pandemic highs, according to IDA Ireland’s latest Labour Market Pulse.
The study, which is published in partnership with Microsoft and LinkedIn, shows that hiring rates were 12.7% lower in October 2022 compared to October 2021.
However, the 2022 figure is still above hiring rates in both October 2019 and 2020.
“There are numerous challenges facing the global economy, however Ireland is approaching them from a position of high employment, strong economic growth and robust public finances,” the report states.
The latest Labour Market Pulse also highlights the demand for so-called ‘green talent’, jobs focused on sustainability and achieving climate objectives.
Some 13% of LinkedIn members in Ireland were considered ‘green talent’ in 2021, a number that has increased in recent years.
It is being driven partially by new sustainability-focused jobs but predominantly by jobs in other sectors with sustainable elements, such as compliance managers or data scientists.
It is estimated that the Irish economy will need to fill over 20,000 jobs by 2030 to support leading green economy sectors.
“I welcome the data insights which shows that the green economy is a rapidly growing sector and that the increase in green talent demonstrates the focus that companies are putting on sustainability,” said IDA Ireland Interim CEO Mary Buckley.
“Despite uncertainty in the global economy, it’s encouraging to see hiring rates of green talent almost double from 2016 and reflects the importance of sustainability.”
James O’Connor, Microsoft Ireland Site Lead and Vice President of Microsoft International Operations, said that the ever growing need to protect the planet is forcing businesses to transform how they operate.
“With a recent UCC report commissioned by Microsoft Ireland revealing that only 9% of Irish businesses consider themselves truly sustainable, it is reassuring to see the focus on ‘green’ talent in this latest Labour Market Pulse,” Mr O’Connor said.
Sharon McCooey, Head of LinkedIn Ireland, said a pronounced shift to green skills and jobs is already underway.
“With over 20,000 roles to be filled by 2030 in order to meet demand by companies in Ireland hiring for green skills, this presents a sizeable opportunity for businesses and job seekers alike,” Ms McCooey said.