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Prospects for job creation on the rise

Wednesday, April 23 12:57:55

International confidence in Ireland as a good place to do business has improved while two thirds of directors here say they plan to take on more staff, according to a new survey.

Recent independent research conducted by Behaviour and Attitudes on behalf of the Institute of Directors in Ireland (IoD) among its members, has found that the majority (95pc) of directors surveyed believe that Ireland's standing as an investment target has improved. Of significant interest on the jobs front is the percentage of organisations planning to create employment, with over two-thirds (68pc) of directors claiming that their organisation intends to hire new employees in the next 12 months.

The research carried out with directors across a range of organisations throughout Ireland also assessed levels of business activity and satisfaction with Government. There are positive indicators in terms of business activity, with 64pc of directors claiming there has been an increase in business activity in their organisation in the past year, while 28pc say that activity remains steady, with no change in the last year.

The Government's target to reduce unemployment to below 10pc by 2016 is achievable according to almost 7 in 10 (68pc) directors surveyed; however close to 1 in 3 (31pc) do not agree that the Government will reach this target.

Having been in office for a little over three years, the Government is perceived to have performed adequately or well according to 69pc of directors surveyed, though a quarter (26pc) of respondents are of the view that the Government needs to improve its performance.

Maura Quinn, Chief Executive of the Institute of Directors in Ireland, said the results represent a snapshot of sentiment among those operating at the highest level of business in Ireland and on the whole, the results are positive.

"Directors are firmly of the view that international confidence in Ireland as a location to do business has improved over the past 12 months and the indications for the year ahead are good, with a positive outlook among directors, particularly in terms of employment. While the business community can play its part in continuing to rebuild confidence, Government must also put in place the right conditions to enable businesses to grow, to create employment and to invest in Ireland's future," she said.