An experienced and ready-made workforce offers all of the specialist skills and training that companies need to compete globally. With a workforce of over 187,000, the Waterford City Region has a balanced and multicultural workforce that is flexible and highly motivated. 70% of the population in the Waterford City Region are of working age (18 years – 65 years) with 23% under the age of 18. The Waterford City Region is the 6th fastest growing region in the EU in terms of job creation.
By 2040, it is projected that 40% of new jobs being created will be in high-value added sectors in High-Tech Manufacturing, Professional & Scientific and ICT sectors. Labour rates are sustainable in the region and are considerably lower than Dublin, representing potential cost savings to employers. In addition, the exceptionally low rates of staff turnover in the region mean that staffing and recruitment costs are kept extremely competitive when compared with other locations.