Re-skilling needed for Ireland’s recovery
Following the double hit of the pandemic-induced recession and Brexit disruption, Ireland needs to revisit its talent pipeline to help prepare for economic recovery and a new wave of growth. According to our new research, they will miss out on emerging job opportunities because they lack the required skills, which will leave a hole in the workforce that could impact Ireland’s innovation potential and attractiveness as a destination for Foreign Direct Investment.
On one side, there is uncertainty and large scale unemployment and on the other, the pandemic has accelerated workplace transformation and many industries have transitioned and embraced new technology during successive lockdowns. 74% of respondents say they believe businesses have a responsibility to invest more in upskilling their employees, so it's clear industry has a powerful role to play in addressing the challenges. However evidence suggests they are falling short as 44% of respondents are of the opinion that businesses are not willing to invest in them.
There is a gap in skilling and training where it is needed most
While the report shows people are generally confident in their existing skills in terms of performing their current job—with 56% saying they were ‘very well’ equipped— this was less so when they were asked about their capacity to progress, to find a new role if they lost their current one, or for future roles as the workplace evolves. Individuals that had not undertaken any skills related training over the past year were less likely to be confident in all these areas. These findings put a question mark over the flexibility and capacity of Ireland’s workforce to adapt to a changing economy.
What are the barriers to learning new skills for the future?
Our report suggests that business and industry have a huge role to play in getting Ireland's workforceexpect to show that.
Are we prepared for the future of work?
Ensuring that everyone has the skills to succeed in Ireland’s future economy is essential at multiple levels. At the individual level, it brings employment opportunities and benefits such as better pay, better job satisfaction and improved quality of life. At the organisational level, it matters for innovation. It's also important to understand the perceived preparedness of the Irish workforce for the future and understand the level of confidence in existing skills.
Action plan for tomorrow’s talent
The events of the past year, enormous as their human impact has been, are also a stark reminder that we cannot be complacent when it comes to protecting the Irish economy. Investment in a talent pipeline is key to our national recovery.
The following three-point action plan will address the key issues and provide a starting point for a talent-rich Ireland