Tech firms primed to hire but shortage of skills could hinder recruitment plans

Despite the national unemployment rate reaching a 25-year low, companies are struggling with a skills shortage, particularly in the tech sector. The latest report from ManpowerGroup Ireland indicates that 55% of IT firms are looking to recruit, but 83% of all businesses report challenges in finding suitable candidates. This situation arises after a post-pandemic hiring freeze period. Areas like AI, cybersecurity, and data management are seeing heightened demand, while recent layoffs at companies like Meta and TikTok should be seen in a broader context of market adjustment.

A record 83pc of all businesses are reporting difficulty finding candidates with the right skills, indicating a mismatch in the job market.

The tech sector is reporting an appetite for growth like no other, especially in fields like AI and cybersecurity, despite recent workforce reductions.

Read at Irish Independent