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80% of Irish technology companies plan to hire in next three months

Irish Software Association reveals half of Irish technology companies are finding it difficult to source talent.

A new survey has found that the majority of Irish technology companies plan to take on new staff in the next three months. However, over half of the businesses surveyed in the first Irish Software Association Digital Technology Index said finding the right talent for these jobs remains a challenge.

The association’s Digital Technology Index was carried out among 728 Irish CEOs and founders and 72 per cent of respondents said they expect revenues to rise in the coming year, with 27 per cent expecting that increase to be “substantial”.

As a result, 80% said they anticipate an overall increase in sales revenue, and that they expect to take on extra staff in the next three months.

However, filling those jobs with the right people will be a challenge for just over half.

Funding still remains an issue for the sector, with over a third of CEOs citing it as a problem.

Addressing the skills deficit, the ISA’s chairman Edel Creely said there was a need to drive more graduates into IT-related college programmes. Ireland’s indigenous software and IT sector employs over 10,000 people and contributes €1.8 billion to the economy.

“Between multinationals and Irish companies, the IT sector is generating more jobs than there are skilled Irish people to fill them. Conservative estimates put the number of IT vacancies at 4,000. According to an EU study, the EU labour market could face an excess demand of 384,000 IT practitioners by 2015.

“We need to drive more graduates into IT-related college programmes, and adapt our education system as a whole, so that it is responsive to the demands of this sector.”

Edel Creely, ISA’s Chairman 

 

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