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The housing crisis and soaring living costs are making Ireland’s skills shortage worse

DUBLIN: According to reports, the rising cost of living crisis, including housing affordability, is having a significant impact on job prospects in Ireland. For these reasons, many people are crossing the sea. Due to housing shortages, businesses in Dublin are having difficulty finding qualified employees.

Salaries are also low in most industries as a result of inflation and skills shortages. According to the Morgan McKinley report, the health of the Irish professional labour market is measured by the number of new vacancies and applicants each quarter, which is a major challenge for companies that only have onsite workers.

According to Trayc Keevans, director of global FDI at Morgan McKinley Ireland, the number of new professional job openings increased by 6.9% in the third quarter of 2022, but the number of professionals looking for new job opportunities decreased by 3.3%.

Many candidates prefer flexible working hours. Most prefer a hybrid working model. As a result, employers are having difficulty filling entry-level and graduate positions. Because of housing shortages and the high cost of living, many people are relocating abroad. According to the report, relocations to and from Dublin to local cities are also making it difficult for candidates.

They mainly go to Australia, the United Kingdom, and Canada, followed by Singapore, Dubai, Bermuda, and the Cayman Islands. Continental European locations such as Spain, France, and Germany are also popular choices for new graduates.

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