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  • Recruiters warn of brain drain

    Wednesday, May 6th, 2009

    Brain drain will spread across the economy in the next few years, according to recruitment experts interviewed in the Irish Independent.

    A recruiter with Merc Partners claims that caps on banker remuneration may “lead to a brain drain of bank executives. The cap also makes it very difficult to attract talent from outside Ireland.”

    A recruiter with CPL notes that “highly skilled graduates . . . will not stay here if there are not good opportunities and a good quality of life”. She added that their healthcare business had seen increased inquiries into emigration to Britain and Australia.

    The issue is even more pressing for those in architecture and law, according to a director with Deloitte: “Certainly in the short-term, anyone who has studied architecture and law will have no choice but to emigrate.” Adding that civil engineers and quantity surveyors will also be forced to emigrate, the recruiter said, “This will include experienced and non-experienced people as these sectors have been hit drastically.”

    The evidence for such an increase is mixed, however, with many commentators noting that the global nature of the downturn is keeping many at home, despite a rise in media coverage and increased public interest in emigration.  It will be difficult to get an accurate picture until the CSO releases its annual Population and Migration Estimates later this year.

    Related web pages:

    Irish Independent: Ireland faces massive bank brain drain as wages fall