Tech Hiring Set to Boom in Q1 2025
The IT Sector in Ireland will be the standout industry for Q1 with a Net Employment Outlook of +49%
The market for key tech talent will be competitive as companies compete for the small pool of key domestic skilled workers
Life Science also predicted to be strong at +46%
Across Ireland, the Information Technology sector reports the strongest hiring appetite of any industry, with a Net Employment Outlook of +49% going into Q1 2025. Meanwhile, the Financials & Real Estate sector has signalled a cooler hiring appetite at +9%, down from +20% last quarter, while the Energy & Utilities sector reports it will be downsizing marginally, with a Net Employment Outlook of -3%.
Big business confidence remains strong, with Large Enterprises – companies with more than 5,000 employees – reporting a Net Employment Outlook of +29%, maintaining the strong hiring appetite seen last quarter, well ahead of the cooler prospects reported across Q2 (+12%) and Q3 (+16%) respectively.
Regionally, Leinster leads the pack with a Net Employment Outlook of +36%, up 24 percentage points on last quarter, followed by Dublin (+25%), Connaught (+25%), and Munster (+23%), with Ulster [Cavan, Donegal, and Monahan] reporting -11%, indicating job losses overall.
It’s encouraging to see the success story of Ireland’s pharma sector, following the soaring rebound of Ireland’s tech sector earlier in the year. While not all sectors report such optimistic hiring intentions, the positive economic indicators of increasing workforce participation and projected GDP growth, recently revised up from 3.6% to 4% for 2025, should give businesses reason to be upbeat about growth prospects in the New Year.” Edgar explained.
