Ireland's IT job market in 2024 is a dynamic landscape, reflecting the country's status as a global tech hub. With over 106,000 people employed in the Information and Communication Technology (ICT) industry, Ireland boasts a robust ecosystem hosting 16 of the top 20 global tech companies, including the top 3 enterprise software providers with their headquarters located here.
Investment and Employment Trends:
The momentum in Ireland's IT sector continues to surge, with 139 investments secured in the first half of 2023. These investments are expected to generate over 12,000 jobs in 2024, aligning with the consistent strong investment flows seen since 2015. Notably, 48% of these investments have been approved for regional locations, showcasing a commitment to spreading the benefits of the tech boom across the country.
Innovation and Talent Pipeline:
Ireland's commitment to Research, Development, and Innovation (RD&I) is evident in the 25 projects initiated in 2023, surpassing the previous year's achievements. The focus on sustainability projects and transformative investments reflects a shift in client priorities. Ireland maintains one of Europe's strongest talent pipelines for STEM, aided by extensive government support and investment in skills programs.
Areas of Skill Demand:
Persistent skills shortages persist due to intense competition, creating challenges for employers. Key areas of demand include software engineering (DevOps, Java, Python, .NET, React, and Angular Js), Site Reliability Engineers, DevSecOps, Information Security, Cloud Engineers, Business Analysts, Project/Program Managers, Quality Assurance (QA) professionals, and roles in Data Engineering and Data Science. The move toward automated processes also fuels demand for Software Development Engineers in Test (SDET) and Robotic Process Automation (RPA) roles.
Executive-Level Positions:
Ireland's substantial talent pool extends to executive-level positions, with high demand for Software Engineering Managers to Chief Technology Officers (CTOs). The influx of Foreign Direct Investment (FDI) entrants sustains this demand.
Salaries and Competitive Packages:
In a competitive talent market, salaries have increased but stabilized. Companies are enhancing benefits packages, with a significant focus on healthcare, pensions, and bonuses. The use of sign-on bonuses has emerged as a strategy to attract and retain top talent, reflecting the ongoing battle for skilled professionals. Employers are increasingly mindful of individualized employee experiences in areas such as collaboration, cultural equity, and employee well-being.
Demand for Remote Work:
The IT job market reflects a new era of flexible working arrangements, with companies prioritizing employee well-being and satisfaction. The term "hybrid" has given way to a more adaptable approach, responding to the needs and preferences of both employers and employees. Companies are recognizing the importance of flexibility in recruitment and retention strategies.
Contractors in High Demand:
Contract roles in Cloud, Data, and Software Development are experiencing increased demand, with both large organisations and SMEs tapping into the contractor talent pool. Permanent salaries now rival contractor daily rates due to market inflation, prompting businesses to use contractors to supplement their workforce. Outsourced IT functions are on the rise, particularly for commercially focused IT positions and infrastructure support. The acceptance of remote work arrangements has further opened up opportunities for contractors across different regions in Ireland.
As Ireland's IT job market evolves in 2024, the key to success for both employers and employees lies in adaptability. The continued influx of investments, focus on innovation, and the demand for diverse skill sets position Ireland as a vibrant hub for technology professionals. Employers must navigate the competitive landscape by offering attractive packages and prioritizing employee experiences, while professionals can explore a wealth of opportunities in a market that values flexibility, innovation, and expertise.
