One in five companies to increase staff wages
Published 06/01/2012 | 05:00
WORKERS at one in five companies can look forward to pay rises this year, according to a new survey.
A total of 21pc of managers said they expected salaries to increase by between 1pc and 5pc in the coming months.
But less than 1pc expected to see salary increases above 10pc.
However, IT software developers, multilingual specialists and senior finance professionals are the only employees in line for bigger wage increases.
And some workers will feel the pinch in their pay packets as one in 10 managers predict wages will drop by up to 5pc.
Most human resources managers and senior executives surveyed said they expected pay to stay the same.
The Morgan McKinley Ireland Salary Survey also found that almost half of professionals were more positive about the prospects for business compared with last year.
Employers said attracting talent was their biggest staffing challenge.
A total of 23pc said they worried they would not attract the right professionals, while 18pc were concerned about retaining talented staff.
Just 4pc of the managers were concerned about redundancies.
"The findings of our latest Salary Survey point towards a slight lift in business confidence, with almost half of managers claiming to have a more positive outlook," said chief operations officer Karen O'Flaherty.