2020: TIME TO BUY OR BUILD A TALENT POOL? 02/02/20
There are two ways for companies to fill their skills gap: train up existing employees or recruit new talent. Ian Campbell explores both routes with a specialist recruitment company and an IT training organisation.
Like most developed countries, Ireland suffers a skills shortage when it comes to IT, which is a big challenge for an economy that is more dependent on foreign direct investment than most. Many tech multinationals have set up their Europe, Middle East and Africa headquarters here and rely on local tech talent to grow and innovate. The skills shortage problem is not going away, but may be slightly relieved by market forces.Tech recruitment specialist Vantage Resources reports a slowing down in demand in 2019, due in part to the protracted uncertainty around Brexit, now fuelled by fears of a global recession in 2020. “There’s a reluctance to commit to major project pieces and big spends. Everything is more short term and that’s impacted recruitment,” said Sam Reilly, key accounts manager at the company.