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The Challenge Facing Employers in Dublin

The Challenge Facing Employers in Dublin. Brendan Butler Director of Enterprise IBEC. Strengths. Education Tax Regime Pro Business Government Large FDI Inflows EU Membership Social Partnership. Performance. Full Employment High G.D.P / Living Standards Migration Flows Opportunities.

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The Challenge Facing Employers in Dublin

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  1. The Challenge Facing Employers in Dublin Brendan Butler Director of Enterprise IBEC

  2. Strengths • Education • Tax Regime • Pro Business Government • Large FDI Inflows • EU Membership • Social Partnership

  3. Performance • Full Employment • High G.D.P / Living Standards • Migration Flows • Opportunities

  4. Challenges • Small Open Economy • Export 90% + of everything we produce • Large non-EU Trade Partners • Enlargement • Barriers to Free Trade

  5. Weaknesses • Cost Base • Infrastructure • Productivity Performance • Weak R & D Performance • Labour Force

  6. Addressing our Weaknesses • Cost Base Table 1: % Increases in Non-pay costs-Dublin 2002-2004

  7. Cost Base Measures Needed • Competition • Value for Money in Public Sector • Regulation Creep

  8. Addressing our Weaknesses • Infrastructure Deficit Some Facts: • Population Growth • E.U. Funding • Stock Declining • Government Spend Declining

  9. Infrastructure Deficit Measures Needed: • Provide Waste Infrastructure • Energy Capacity increased • Transport Infrastructure • Improved • Project Selection • Management • Funding Options • Planning Provisions

  10. Addressing our Weaknesses • Productivity and Pay • Average Figures disguise real picture

  11. Annual Competitiveness Report 2004

  12. Annual Competitiveness Report 2004

  13. Addressing our Weaknesses • Productivity and Pay • 5 years ‘98-’03 – Pay per Employee grew by 37 % Ireland 9 % Germany • After Inflation 12% in Ireland 4 % in Eurozone • Compensation per Employee 2004 Ireland € 38,140 UK € 35,750 EU Average € 34,630

  14. Addressing our Weaknesses • R & D Performance • 1.5 % of GNP spent on R & D • Link between Industry and 3rd Level Colleges • Difficult to access EU supports • Education trends worrying

  15. R & D Performance Measures Needed • Focus on “Applied” along with “Basic” Research • Resolve the “Commercialisation” debate • Links between Indigenous and Foreign owned MNCs

  16. Addressing our Weaknesses • Labour Market Issues • Incentive to work • Refusal to do certain jobs • Lack of clear Immigration Policy • Work Life Balance Issues

  17. Labour Market Issues Measures Needed • Review CE Schemes • Address Childcare / Eldercare Issue • Skilled Immigration Policy

  18. Summary • Restrain cost increases to business • Fast Track Infrastructure • Add greater value to the work we do • Encourage Innovation and Skills Development • Encourage increased Labour Force participation

  19. Conclusion • Ireland has become a success story • Dublin has led this success • Policy choices correct in the past • Some clear “Warning” Signals • Future is in our own hands

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