The report is from Sonas Technical, a recruitment firm specialising in the pharma and life science, advanced manufacturing, construction, and utilities sectors.
The research identifies cost of living and housing shortages as major barriers preventing skilled workers, including returning Irish expats, from relocating to Ireland.
According to Sonas, while the recently launched Government information portal 'Build Back Home' aims to encourage Irish construction workers living abroad to return, it does not address key financial concerns.
"The website provides guidance on overcoming logistical challenges like red tape, but without tax breaks or housing supports, the significant cost of living remains a deterrent for many," Sonas Technical said.
The report found that with 55% of companies planning to expand their workforce over the next 12 months, industry leaders are calling for government action to provide temporary, targeted tax breaks and housing supports tied to the Critical Skills Employment Permit.
"While companies are stepping up with tailored relocation packages, government intervention is essential," said Derek Byrne, Managing Director of Sonas Technical.
"By linking tax breaks and housing supports to the Critical Skills Employment Permit, the Government can directly address the cost of living and housing challenges that international talent faces."
"These measures, which would be temporary and targeted, will play a key role in attracting skilled professionals necessary to meet our housing targets and complete critical projects like Metrolink," Mr Byrne said.
