250,000 New Jobs in Next 5 Years

Laois_Man

WWW.RTE.IE wrote:

IDA Ireland aims to deliver 100,000 new jobs by 2014, under a strategy to attract and maintain foreign companies investing in this country.

The agency is hoping to attract 640 new Foreign Direct Investments in the next four years, with 50% of them located outside Dublin and Cork.

The new strategy titled Horizon 2020 sets out a roadmap for attracting global corporations over the coming decade.

Horizon 2020 will see the IDA work with companies already in Ireland and with companies from the world's emerging markets to invest in Irish facilities.

Meanwhile, a report released earlier today by State training agency FÁS said 250,000 new jobs are expected to be generated in the economy between now and 2015.

However, they said there will still be 80,000 fewer people in work in 2015 than there were before the recession started in 2008.


Levels of employment in most occupations are expected to recover from 2010 lows by 2015, but some sectors will recover more than others.


Jobs in construction, retail and unskilled manual sectors are unlikely to return to pre-recession levels by 2015, according to the latest FÁS/ESRI manpower forecasting report.


Occupations such as skilled building and production workers, unskilled manual workers, sales assistants and clerks will grow from 2010 onwards, according to the report, but will not reach 2008 peak levels.


But jobs at the higher end of the skill scale, such as professionals and technicians in science, engineering, business services and IT, are expected to exceed pre-recession peak levels by 2015.


Professionals are expected to account for 38% of the workforce in 2015, compared to 34% in 2008 and 31% in 1996.

Assuming the 100,000 jobs that IDA are talking about are included within the 250,000 jobs FAS are talking about.

Ambitious but it can be done...and hopefully, when the next cysle comes around, we won't have riches built on sand - hopefully, we won't be exposed to one industry (i.e. construction) to anywhere near the same extent.

Amhran Nua

Finfacts doesn't seem to think they have thought it through...

However, the document is basically a market brochure and it doesn't even set out a basic SWOT (strengths, weaknesses, opportunities, threats) analysis. Neither is there any hint of the expected difficult international backdrop nor how 20% of projects can come form emerging markets.

Besides, to set out a target for new jobs without providing an estimate for net jobs undermines the credibility of what is called a "strategy."

Investment Targets 2010-2014:

* 105,000 new jobs
* 640 investments
* 50% of investments will be located outside Dublin and Cork
* 20% of Greenfield investments originating from high-growth emerging markets by 2014
* Annual spend in excess of €1.7bn in research , development and innovation by 2014

An illustration of the new challenge is that the number employed in IDA-assisted companies has fallen from 141,000 in 2000 to 136,000 in 2009.

Employment in companies assisted by Irish State enterprise agencies - - IDA Ireland, the foreign direct investment (FDI) promotion agency and agencies supporting indigenous enterprises in the tradable goods/services sectors: Enterprise Ireland, Shannon Development and Údarás na Gaeltachta - - in December 2008 was 1.4 per cent (3,981 jobs) higher than it was in 1999. Employment in Irish-owned companies had increased from 142,142 in 1999 to 144,734 in 2008, while employment in foreign-owned companies increased from 150,975 in 1999 to 152,364 in 2008, increases of 1.8 and 0.9 per cent respectively.

Total Irish employment in December 1998 was 1.54 million and was 2.05 million in December 2008 - - a surge of 33 per cent.

In the peak boom year of 2006, 83,000 new jobs were added in the economy while direct job creation in the export sectors was less than 6,000.

So with a much more unfavourable international environment ahead than in most of the past decade, the latest target can only be viewed as an aspiration.

IDA Ireland Strategy - Horizon 2020 - Pdf

Separately, FÁS and the ESRI today published a forecast of 250,000 new jobs by 2015 with 330,000 job losses.

We said that given that Ireland's economic outlook is very dependent on the growth of other advanced countries, while developments in emerging markets such as China, will have little impact on Ireland, the current fragile recovery in the US and the Eurozone, coupled with the burden of reducing high public debt, suggest that the Spring 2009 recovery scenarios used by the Economic and Social Research Institute (ESRI) as a basis for the current employment forecasts, may be optimistic.

Before the general election in 2007, the Fianna Fáil party published a document with the aspiration to create 250,000 new jobs over a five-year period.

Raiser

FÁS - Never has so little confidence been inspired in so few by so many careerist, dishonest, inefficient, wasteful, mindless, disorientated, talentless Morons.

- We'd have more hope if the Taliban had promised us 250 jobs by 2050......

majiktripp

Raiser wrote: »

FÁS - Never has so little confidence been inspired in so few by so many careerist, dishonest, inefficient, wasteful, mindless, disorientated, talentless Morons.

- We'd have more hope if the Taliban had promised us 250 jobs by 2050......

Couldn't have said it any better! I tip my hat to you. Anyone who believes this drivel from FÁS will be in for a let down...

newzealander

What areas of IT will these jobs be in?

newzealander

newzealander wrote: »

What areas of IT will these jobs be in?

none

gandalf

newzealander wrote: »

What areas of IT will these jobs be in?

Vapourware.

AARRRGH

I laughed when I read that report on RTE.

At this stage I hope most people have realised this country is just at the beginning of a long, painful depression.

What we are experiencing is a correction. There will be no "recovery".

Fas, as per usual, are talking out of their very expensive hole.

Note I own jobsites so I have nothing to gain by being this negative. I'm just a realist.

Laois_Man

AARRRGH wrote: »

I laughed when I read that report on RTE.

At this stage I hope most people have realised this country is just at the beginning of a long, painful depression.

What we are experiencing is a correction. There will be no "recovery".

Fas, as per usual, are talking out of their very expensive hole.

Note I own jobsites so I have nothing to gain by being this negative. I'm just a realist.

OK then, there'll be no recovery.

Lets just all climb into a big hole!

AARRRGH

Laois_Man wrote: »

OK then, there'll be no recovery.

Lets just all climb into a big hole!

How can you recover to a bubble?

What we are seeing is a correction.

Dempo1

Sure we will all be grand, Mary Coughlan proudly oversaw the announcement of 250 new Jobs at Mc Donald's today, god bless her and Mac Donald's for such quality, career orientated and motivational Jobs

What a complete crock of useless ****e these Jobs will do most people unless of course your a student seeking part time work.

gandalf

Dempo1 wrote: »

Sure we will all be grand, Mary Coughlan proudly oversaw the announcement of 250 new Jobs at Mc Donald's today, god bless her and Mac Donald's for such quality, career orientated and motivational Jobs

What a complete crock of useless ****e these Jobs will do most people unless of course your a student seeking part time work.

Ok so that means theres 249,750 to go then !!! I wonder have they checked with Supermacs then?

Dempo1

deadtiger wrote: »

Ok so that means theres 249,750 to go then !!! I wonder have they checked with Supermacs then?

LOL, Supermacs are hilarious actually, they continually post jobs on Irishjobs.ie and yet never respond (I know a few who have tried), but apparently their IQ levels are a little above whats being looked for, the same jobs are posted for the past eight months.

AARRRGH

AARRRGH wrote: »

How can you recover to a bubble?

What we are seeing is a correction.

The bubble was in construction, banking and to some extent the public service - all of which are seeing is a correction.

If the world economy begins to recover, surely other areas of the economy will benefit - IT, manufactoring, energy generatation

Dempo1

Yes but unfortunately it was the construction via the banking industry that got us in the mess were in. I know its easy to blame these two sectors but their reckless actions has had a detrimental affect on

Small businesses - credit & finance drying up, not helped by the director of the small firms association continuously coming up with bizarre suggestions as to how to recover.

Hospitality sector - Many hotels built with tax breaks by developers who knew nothing about how to manage or operate same, now we have numerous establishments operating on a shoe string, part time and offering rates that don't even reach break even thus affecting established hotels badly. Of course its the staff that are blamed with BS talk about minimum rates of pay. There's not a hotel in the country that has not either cut staff, their pay or reduced hours.

Housing Market: The CIF swore blind that the numbers of empty houses around the country is exaggerated, they were proven wrong this week. What about those people who purchased in Ghost estates, living in appalling conditions, negativity equity and essentially abandoned. If the HSA spent more time looking around these estates with exposed electrical cables, open sewers, unfinished paths and roads rather than harassing the garage owner about topless model calenders we might get somewhere.

Jobs Market. With such little confidence in small to medium sized businesses and indeed specialty fields what chance has many people of achieving gainful employment.

Its difficult not be cynical and perhaps i am missing something but this country is in a mess and with NAMA coming on line, it would appear to me we have seen nothing yet.

When a fast food chain announces job creation and it becomes headline news, only adds insult to injury.

AARRRGH

salonfire wrote: »

The bubble was in construction, banking and to some extent the public service - all of which are seeing is a correction.

If the world economy begins to recover, surely other areas of the economy will benefit - IT, manufactoring, energy generatation

Well, manufacturing is a dead industry in Ireland, so that leaves us with IT and "energy generation".

What % of the workforce are in both of these industries, compared to construction, banking, the public service and manufacturing?

I'm taking a guess here, and being wildly optimistic, but I would imagine the ratio is at least 100:1 against.

Dempo1

I guess i just think any optimism is dampened by the serve damage done to confidence generally. I'm sick of the doom and gloom but it would seem many industries, directly and indirectly have been impacted. IT and green energy are certainly potential growth industries but when you look at the amount of graduates and indeed highly skilled people unable to get work, the immediate future does not bode well. Its just shocking how bad things have got with very little light at the end of what appears to be an endless tunnel.

Rented Mule

It's sad how many times we here announcements like this. I have seen first hand announcements of '500 new jobs for [name your corporation], TDs and media onsiite all celebrating the news, only to later see that there were more jobs than that subtracted.

I am sorry, but I am not drinking the Kool-aid again.

OFlaherty

It's easy to announce that so many new jobs will be created over that timescale, however it does be beg the question of how many jobs will be lost in other areas.

Without being a cynic (okay mabe I am) I find it hard to get excited by any of this.

PrinceMax

Ha ha, what absolute nonsense.
The creating of jobs depends on what multinationals want to do, so this is impossible to predict. If only the banks, and enterprise organisations had put money in to export driven irish businesses, instead of giving eejits money to build houses - then we wouldn't be in this situation.
The money was there. It was squandered. Too late now.

AnnyHallsal

Did we do any of that "fiscal stimulus" stuff the big boys were up to? My guess is we couldn't afford it. No doubt I'm dreadfully ill informed but I can't see anyone even trying to think of something useful that could be done with 400,000 people on the dole - other than that "your country, your call" competition. Fingers crossed there, then :rolleyes:

danbohan

i just got back from Philippines and i was reading there how their president was hopeful of creating 1 million jobs in 2010 , alas on further reading i realized she meant jobs abroad , i million immigrants . maybe thats what our esteemed minster and bureaucrats are talking about as well ?

AnnyHallsal

Ha. Genius.