The IDA (Industrial Development Agency) has put together a list of 7 reasons why Ireland is one of the best places in the world to work.
Ireland has one of the most highly educated workforces in the world. As of 2015 265,000 students were studying at university or college of further education, of whom some 30% were doing courses in science, technology engineering or mathematics. It all adds up to Ireland’s economy ranking in the top ten world-wide.
The EU and the Irish Government have shoveled billions of euros into infrastructure over the years. The country has four international airports that connect Ireland to the wider world, has a sophisticated energy market that is increasingly built around renewables and a competitive telecommunications market.
We are also blessed with an abundance of politicians who are convinced that the biggest blight that could befall their constituency is for the smallest pothole to go unfilled for more than a week. As a consequence Irish roads are surely the best maintained anywhere in the world.
- Young people
Ireland currently has the youngest population of any country in Europe; approximately 33.3% are under 25 compared to only 23.6% in Germany. No wonder the nightclubs of Dublin are so full.
One of the reasons so many global firms settle in Ireland is that its corporation tax rate of 12.5% is one of the lowest in the world. Its maintenance at that level has become something of an article of faith for successive governments and is unlikely to change.
Ireland’s economy is currently enjoying the strongest growth in the eurozone – 5.3% last year – and exports grew at a very rosy 13% as well. Ireland’s competitiveness in business has improved dramatically in recent years.
Ireland’s rate of productivity is 74%, the average among the EU countries. Wages have also remained stable against sharp rises in a number of other EU countries.
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- Cost of living
Dublin still ranks below other global cities for cost of living according to a recent report by Mercer. Paris, New York, London, Sydney and Zurich all come with a higher cost of living in relation to wages.
Interested in a job in finance? Search for roles in Ireland now