Business Irish

Sunday 17 December 2017

Vast majority of workers in private sector expecting a pay increase

NINE out of 10 private-sector workers expect a pay increase in the next year, a study has found.

Expectations of a raise have jumped from 60pc to 90pc of private employees, according to research from Irish recruiter Berkley.

It said this would place new pressures on employers in 2014. "As recruitment intensifies, effective talent-retention strategies are paramount to keep hold of key staff."

The results fall in line with recent announcements from the country's largest trade union, SIPTU, which said it would propose "a radical drive" for pay rises across the economy if the Government exceeded its target of reducing the Budget deficit to 5.1pc of GDP next year.

The survey also found more positivity about the potential for career development – 32pc of respondents said they thought their promotion chances had improved, up 12pc compared with the last survey.

Other employment research had similarly positive news – it forecast that 45,000 new jobs would become available for people with high-level IT skills.

SKILLED

The study, by state agency Forfas, said that the Government must act to ensure there is an adequate supply of people trained in Information and Communications Technology (ICT) to fill this gap. It predicted job openings for both new graduates and skilled professionals.

Launching the study, Education Minister Ruairi Quinn said Ireland had made big strides in training these skilled professionals – but that two-fifths of these staff still needed to be sourced from overseas.

Forfas chief executive Martin Shanahan noted that there was fierce competition from other countries seeking foreign ICT staff. "The challenge to meet Ireland's demand for people with ICT skills is set against the background of a strong global demand for ICT talent with other countries also actively competing for these skills."

Sarah McCabe

Irish Independent

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