New infographic points to the future of work in Ireland

IDA Ireland, LinkedIn and Microsoft have developed a new Labour Market Pulse infographic to inform decision-makers about the performance of the Irish labour market.

Unsurprisingly tech, professional services and finance roles have generated the most demand.

The initiative is designs to inform policy makers to better plan for economic recovery at a time of global upheaval in business and skills demand and availability.

As part of a global initiative by Microsoft to make digital skills training to 25m people by year-end, the initiative combines LinkedIn data to identify in-demand jobs and the skill needed to fill them, provides free access to LinkedIn learning tools to help people upskill and grants low-cost certification and free job-seeking tools to help people who acquire these skills.

“We hope to build on this partnership to bring further insights,” said IDA Ireland CEO Martin Shanahan.

“Ireland’s talent base is deep, highly skilled and hugely flexible; we anticipate that this data will be useful to many stakeholders as they plan for the future.”

Labour Market Pulse infographic

IDA Labour Pulse infographic.

The development was welcomed by Tánaiste & Minister for Enterprise, Trade & Employment, Leo Varadkar, TD, who said: “This new tool, developed by the IDA in collaboration with LinkedIn and Microsoft, will give some important insights into how companies using LinkedIn to recruit are managing during the pandemic, what skills they are looking for and some other emerging trends. 2020 continues to be a really tough year for many people and anything that helps people plan their future is to be welcomed. I look forward to further reports and the insights that they bring. This quarter speaks not only to the importance of Ireland’s multinationals in our economy, but also the thousands of Irish companies that are a key part of their supply chain and services structures.”

Unsurprisingly, the first data revealed by the infographic reveals that tech and professional skills are the  most sought after by hiring companies.

The most advertised roles on LinkedIn were software engineers, project and account managers and quality analysits.

Skills associated with these roles include project management, JavaScript, financial accounting, customer relationship management, market and social media marketing.

Looking across LinkedIn’s membership by sector, the highest employment was in software and IT, life sciences and finance respectively.

“With the ongoing public health pandemic impacting people’s livelihoods across a range of sectors, reskilling has become a priority for businesses and Government alike,” said Cathriona Hallahan, director of Microsoft Ireland.

“This is the motivation behind our global skills initiative which seeks to provide skills to 25m people including thousands in Ireland.  We are working with LinkedIn and the IDA to use data to identify the in-demand jobs of today and the future, informing the kinds of skills that are most valuable for people to acquire through our skills’ initiative. By bridging the gap between job opportunities and the availability of skills, we believe that the Labour Market Pulse can provide the insights to empower an inclusive and sustainable recovery.” 

Sharon McCooey, head of LinkedIn in Ireland, added: “With over two million members in Ireland, we have a bird’s eye view of what is happening in the labour market. Leveraging these insights gives us the ability to point out what sectors are still hiring despite the downturn and what skills people would need to work in these industries. We realise that we have a part to play in helping people find their next job and that’s why LinkedIn, together with Microsoft, is providing free access to learning and employability tools. There has been a lot of interest from Irish members to learn new skills, whether it is for career development or to pivot to a new role, as we all ultimately work towards bouncing back from this challenging period.”

By John Kennedy (john.kennedy3@boi.com)

Published: 2 November, 2020