A survey by executive search firm, MERC Partners, has revealed a large cohort of diaspora talent that is primed to return to Ireland, highlighting a significant opportunity for Irish-based companies which are looking to attract top talent for roles here.
The Irish Executive Abroad polled over 500 Irish professionals around the world. It was conducted by Amárach Research on behalf of MERC Partners.
The study shows that while many of these executives left Ireland during the recession to explore career opportunities in a range of sectors worldwide, three quarters want to come home in the future, with one fifth searching for jobs weekly as they maintain strong connections with Ireland.
However, many of these professionals highlight certain aspects of life in Ireland that are potential barriers to them returning in the short term. The survey finds that high personal taxation, inadequate investment in healthcare services, scarce housing supply and infrastructure issues are the key barriers to Irish professionals returning home to work in the short term.
According to the survey, 54% of respondents plan to be back in Ireland within 10 years and of those which plan to be back in Ireland by 2028, a large number of respondents have children under the age of 18.
Forty five percent of respondents based in the UK are more likely to return to Ireland as a result of Brexit.
Commenting on the research, Managing Partner with MERC Partners, Ruth Curran said, "It’s encouraging to see that such a large pool of talented, senior executives working abroad want to come home, where their strong skill sets would be of significant benefit to Ireland. These findings will be of particular interest to Irish employers looking to recruit senior talent, as well as to foreign investors looking to establish a presence here. However, there are pressure points that need to be addressed – one of which is dissatisfaction with high personal taxation rates, which is a common issue among both professionals who are hoping to come back to work in Ireland and indeed those who are currently based here."