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Ireland
- Recruitment landscape
- Economic indicators
- Labor market
- Working life
Your global agency guide to...
Ireland
Ireland, with a GDP of $546 billion, ranks 25th globally. It boasts top industries such as pharmaceuticals, chemicals, and IT. With a population of 5.1 million, Ireland has a stable workforce and a low unemployment rate of 4.3%, indicating strong demand for labor. Recruitment agencies in Ireland are well-developed, catering extensively to its key industries.
Ireland'S
AGENCY LANDSCAPE
1.2K
Agencies operating in Ireland
A high number of agencies indicates a mature recruitment industry, marked by strong talent demand, established labor laws and economic stability.
15-20%
Typical fee range
Countries with higher fees imply finding talent is harder to find whilst lower fees indicate a high-volume, commoditized market.
Ireland'S
FEATURED AGENCIES
Morgan McKinley Group Limited
CPL (CZ)
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Ireland'S
GROSS DOMESTIC PRODUCT (GDP) RATING
25
WORLD RANKED
Ireland ranks 25th in the world by current economic output
$546B
NOMINAL GDP (US$)
GDP reflects the overall size and economic strength of the country’s economy.
14
EMEA RANKED
Ireland is the 14th biggest GDP in EMEA out of 109 countries in the region
GDP GROWTH (%)
The above chart compares how Ireland's GDP has grown, compared to the rest of the world and the EMEA region in the last 7 years.
Positive growth indicates an expanding economy, while negative growth or recession signifies economic contraction. Strong growth can encourage hiring, but slower growth might lead to freezes or layoffs, influencing talent sourcing as businesses adapt to changing market conditions and demands.
Ireland'S
CURRENCY AND CODE
€
Country currency
IRL
Country ISO code
Ireland'S
INFLATION RATE
2.4%
CURRENT RATE
▼2.8% REDUCTION
Inflation represents the rate at which prices rise and purchasing power diminishes. High inflation may prompt employees to seek higher wages, potentially impacting company profitability. This situation could lead to budget constraints or hiring freezes, which might influence talent availability and sourcing strategies.
Ireland'S
COST OF LIVING
COST OF LIVING INDEX EXPLAINED
The cost of living has a direct impact on salary expectations and the competitiveness of compensation packages. It can influence the appeal of certain locations-while high-cost areas may attract highly skilled professionals looking for higher salaries, lower-cost areas can appeal to companies looking to minimize salary expenses or candidates seeking a better work-life balance.
Ireland'S
LABOUR STATISTICS
5.1M
POPULATION
With a population of 5,123,536, Ireland is a small sized country by global standards. Ireland's youth population is close to the world average, suggesting a consistent influx of new workers, but may not see any significant growth. The working population in Ireland is close to the world average, suggesting a stable labor market that can adequately meet the economy's demands. Ireland's elderly population is close to the world average, suggesting a manageable dependency ratio, where the working-age population can effectively support the elderly.
Ireland'S
RELIGION AND ETHNICITY
Religion
In religiously diverse countries, a broad sourcing and engagement approach whilst appealing to inclusive practices resonates with this candidate market. In contrast, in a homogeneous religious environment, understanding dominant cultural norms is often more important when engaging with talent.
Ethnicity
In ethnically diverse countries, there may be a greater variety of candidates with different cultural backgrounds and experiences. Employers may need to focus more on inclusive hiring practices to ensure they attract talent from across different ethnic groups.
Ireland'S
UNEMPLOYMENT RATE
4.3%
CURRENT PERCENTAGE
▼0.14% REDUCTION
Ireland's unemployment rate is healthy, indicating a well functioning labor market with good job opportunities for most people. Between 2022 and 2023, there was a small decrease in unemployment, suggesting continued economic stability with a slight improvement in job availability
Ireland'S
TOP PERFORMING COMPANIES AND INDUSTRIES
Top performing companies
CRH plc
Medtronic
Accenture
Top industries
Pharmaceuticals
Computer hardware and software
Chemicals
Ireland'S
GENDER DEMOGRAPHICS
RATIO OF MALES TO FEMALES (BY AGE)
LABOUR PARTICIPATION BY GENDER (%)
70
/
60
Male | Female
In Ireland there is a medium gap in participation rates between males and females, indicating moderate inequality with some progress towards gender parity.
Ireland'S
WORKING LIFE
$56K
Average gross annual wage (US$)
This figure represents yearly income before taxes. Higher wage countries are above $50,000 USD. Attracting talent in lower-wage markets can be cost-effective; however, offering above-average compensation may be required for in-demand skills.
$4.6K
Average gross monthly wage (US$)
This figure represents monthly income before taxes. Higher-wage countries typically exceed $4,000 USD per month. Attracting talent in lower-wage markets can be cost-effective; however, offering above-average monthly compensation may be necessary for in-demand skills.
Ireland'S
WORKING LIFE
10DAYS
Minimum annual holidays
Minimum annual holidays reflect mandated leave. Hiring in countries with high allowances (over 25 days) will require emphasizing work-life balance when recruiting. In countries with fewer holidays (under 15 days), offering additional leave can enhance recruitment and set the organization apart.
40HRS
Average working full time week
Standard work is 8 hours/day and 40 hours/week, with a max of 48 hours/week. Overtime isn't mandatory and is defined by the employment agreement, which can include financial compensation or future paid time off.
Ireland'S
TOP BENEFITS
26WEEKS
Maternity leave
Ireland offers 26 weeks paid maternity leave, extendable by 16 unpaid weeks, and 2 weeks paid paternity leave. Parents can also take 26 weeks of unpaid parental leave until the child turns 12 or 16 if disabled.
5DAYS
Sick leave
Ireland grants employees 5 days of paid sick leave at 70% of salary (max 110/day), after 13 weeks of work. Beyond that, Illness Benefit can be sought. Entitlement will rise to 10 days by 2026; part-time staff get the full allowance.
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