The number of Britons and Europeans searching for financial sector jobs in Ireland has dramatically increased.
According to data released by the world’s largest job siteIndeed, aAs major financial institutions consider relocating to Ireland, its analysis reveals that both British and European financial sector professionals are already showing increased interest for job opportunities in Ireland.
Job searches from the UK for senior financial sector roles in Ireland rocketed in the eight week period after the Brexit vote. UK-based job search for ‘auditor’ roles located in Ireland increased by 55 per cent during this time. Likewise, job search for accountant was up 46 per cent, finance manager by 36 per cent, finance analyst by 50 per cent, finance controller by 20 per cent and trader increased by 38 per cent.
European professionals’ uncertainty over their right to work and live in a post-Brexit UK has also prompted many EU citizens to consider Ireland as an alternative destination. Job search from Europeans looking for work in Ireland surged for key financial sector roles: finance director up 196 per cent, auditor, up 89 per cent, and trader, up 62 per cent.
Indeed EMEA economist Mariano Mamertino commented: “The surge in job search into Ireland is a testament to Ireland’s attractiveness as a place to live and work, but also a stark illustration of how Brexit uncertainty is undermining Britain’s appeal.
“Ireland is seen as a natural alternative to the UK by EU jobseekers. It’s an English-speaking country, with a flexible labour market and one of the fastest-growing economies in Europe. Not only are growing numbers of British people searching for Irish jobs, so too are jobseekers from elsewhere in the EU.
“Although nobody can predict the outcome of a “hard Brexit”, Indeed’s job search data suggests jobseekers are already voting with their feet – or at least considering it – in response to the political uncertainty. The much-feared financial sector flight could be beginning – but from the ground up, rather than the top down.”