Ireland ranked 33rd out of 35 global economies captured by the survey, trailing European competitors such as Sweden (third), the Netherlands (seventh), the UK (18th) and Germany (15th), coming in behind Spain (32nd).

Japan and China ranked first and second in the global table.

Hays said the ranking should be a warning against complacency. While the country scored well in some areas, the overall ranking was dragged down by the so-called pillars of talent value (35th) and talent market flexibility (32nd).

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