The Organisation of Economic Co-operation and Development has concluded that the Government's Action Plan for Jobs programme is working.
However, the OECD has recommended adjustments in the future to maximise its potential.
In its review, the OECD said the plan’s focus on private sector-led, export-oriented job creation by getting framework conditions right and continually upgrading the business environment was a sound approach.
It also welcomed the focus on building and strengthening links between the domestic SME and multinational sector.
The Paris-based group said the "rigorous" quarterly monitoring and reporting system was a significant positive development in Irish governance.
It also said that future improvements to the plan should include a comprehensive performance assessment framework to measure progress towards achieving its strategic objectives.
Around 60,000 jobs were created in Ireland last year, which was the fastest employment growth rate among OECD countries.
Jobs, Enterprise and Innovation Minister Richard Bruton said the Government had asked the OECD to examine the action plan for jobs and assess how well it was working.
"Given the scale of the jobs challenge we face, it is crucial that we continually learn lessons and improve our efforts in this area," Mr Bruton said.
"The OECD's broad conclusion that the plan is working is very welcome.
"However they also provide important conclusions on areas where we can make improvements and recommendations for how we can do that.
"We will be taking these recommendations on board as part of Action Plan 2014 and 2015."