EUROPEAN DEMAND FOR FINANCE ROLES SHIFTING TO DUBLIN

The number of UK-based professionals seeking financial sector jobs in Ireland has risen beyond the post-Brexit surge observed in the initial aftermath of the June 2016 vote. This is according to data published today by the world’s largest job site, Indeed. Analysis of the 18m monthly visitors to Indeed’s UK site shows a 39% increase in searches for finance related roles in Ireland from UK residents in the three months to the end of August 2017, compared to the three months in the lead up to the Brexit vote. This is an increase on the 37% jump observed in the three months immediately after the vote. The new research also shows that interest in Ireland from European countries excluding the UK has accelerated since after the Brexit vote, suggesting that the lure of London as Europe’s traditional financial hub could be diminishing. From Europe, searches for finance roles are up 32% in recent months, compared to just 21% immediately after Brexit, suggesting Ireland’s attractiveness as a location has increased. Looking at specific finance roles, the trend of increased interest from both the UK and Europe for roles in Ireland is also maintained. Over 6% of searches for accountancy roles in Ireland came from the UK in the last 3 months, compared to 3.7% pre-Brexit, and for finance analyst roles, the increase was from 6.0% pre-Brexit to 8.6% now. Commenting on the data, Indeed’s EMEA economist, Mariano Mamertino said, "Not only are growing numbers of British people searching for Irish jobs, so too are jobseekers from elsewhere in the EU. In the last three months jobseeker interest from European jobseekers for roles such as finance analyst or accountant has increased at a faster pace than that of UK-based ones." He added, "Indeed’s data highlights Ireland’s opportunity to attract international talent, however addressing bottlenecks in housing, commercial space and infrastructure are essential to ensure Ireland remains competitive and keeps its comparative advantage as an attractive destination for skilled professionals." Source: