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New research has found that 91% of employers based in Ireland have experienced recruiting issues in the past 12 months. These skills shortages have had a significant impact on Irish businesses, affecting productivity, growth and profitability, according to recruitment experts Hays Ireland.
The research, published as part of the Hays Ireland Salary & Recruiting Trends Guide 2022, surveyed a total of 1,500 employers and employers based in Ireland. In total, 50% of employers based in Ireland say that on-going skills shortages have negatively impacted the productivity of the organization, 39% say it has hampered their ability to complete key projects and 30% say that this blocked their expansion plans. One in five employers suggest that recruiting issues were having an impact on their bottom line and income.
The majority of employers (68%) cited competition from other employers as the main cause of their inability to meet their recruitment and retention goals. Other important reasons cited included a shortage of new talent entering their industry (33%), people leaving to work in other industries (17%), and people moving to other geographies (13%). ). Significantly, seven percent of employers cited reduced access to migrant workers from abroad as a major challenge.
In the next 12 months, 84% of employers intend to recruit staff, up from 78% in 2021. This represents the highest levels of recruiting activity in the past five years. Permanent hiring is expected to be more widespread, rising to 69% from 56% last year. At the same time, 31% plan to hire temporary staff, down slightly from 34% in 2021.
In response to the continuing talent shortage, Irish employers are currently 35% more likely to counter-offer resigning employees, compared to before the Covid-19 pandemic. Considerations for doing so were, according to respondents, to prevent talent from leaving (86%), it was the most profitable thing to do (51%), to avoid talent shortages (29%) and this offered an opportunity to rebalance the wages of individuals (13%).
While the increase in counter-offers is certainly a consideration for employers, overall 73% of employers expect a continued shortage of suitable candidates in 2022, with 56% anticipating unrealistic salary expectations from employers. candidates.
Recent media headlines suggest a significant backlog at the Department of Enterprise, Trade and Employment (DETE) in processing work permits for non-EEA workers. Claims volume is up 50% year-over-year, according to reports, with average processing times rising from six to 12 weeks in 2021. Tellingly, 14% of employers plan to rely on it. the fact that immigration visa restrictions will continue to ease. their ability to recruit the most suitable candidates.
Commenting on the study, Hays Ireland Director Maureen Lynch said: “It is well established that the Irish economy has rebounded strongly in the second half of the year and Irish employers naturally want to capitalize on this growth and position themselves for a new expansion within the next 12 months. To this end, it is important that we seek to identify meaningful solutions, including addressing recent work permit delays, in order to alleviate ongoing recruitment pressures. The ability of employers to recruit and retain talent is critical to the success of their business at large. goals, including achieving their growth projections, maximizing revenue and ultimately building the fundamentals of a healthy business environment. “
Source: www.businessworld.ie
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