The government aims to create 5,000 new jobs in Ireland’s finance sector over the next three years
Dublin: The government intends to create 5,000 new financial sector jobs over the next three years. If this becomes a reality, the number of jobs in this sector in Ireland will be 58,000, according to the Ireland for Finance Strategy Updates. This target is expected to be met by the end of 2026.
The finance strategy report says the government will prioritise green finance, fintech, securing skills, and attracting overseas workers to encourage firms to move outside of Dublin and ensure a better working environment.
Job opportunities in the finance and real estate sectors are expanding. Vacancies in this sector were at an all-time high in the second quarter of this year. Vacancies in this sector, the second largest employer in the country, were double the average rate, according to the report.
Employees in this industry earn the third highest wages in the economy, after information technology and education. Over the last five years, hourly wages have increased by nearly 22 percent.
After Luxembourg, Ireland is the world’s third largest and Europe’s second largest destination for investment funds. At the end of 2021, assets totaled 4.1 trillion.
The financial sector is rapidly expanding. According to Sean Fleming, the junior minister for financial services, policy must be adjusted accordingly. Sustained digital transformation represents a huge opportunity for the Irish economy. The minister said that he believes that employment targets can be achieved through public-private partnerships.
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