Business Irish

Monday 11 December 2017

Wages up but it costs more to employ workers

Peter Flanagan

Peter Flanagan

THE average wage rose marginally last year, but additional labour costs rose more than 15pc, it has emerged.

Figures from the Central Statistics Office show the average annual earnings added 0.5pc to €36,079. However, additional labour costs such as PRSI jumped 14.6pc to €5,582.

Overall, total annual labour costs rose 2.2pc to €41,661.

Average annual earnings rose in 9 of the 13 sectors of the economy last year, the CSO said.

During 2012 the largest increase was in the professional, scientific and technical activities sector, where wages climbed 5.2pc.

Meanwhile, the accommodation and food services sector saw the biggest percentage fall, sliding 3.5pc.

Total annual earnings at €55.3bn were up 0.8pc in the year to 2012 from €54.9bn in 2011, the statistics show.

Online Editors

Promoted Links

Business Newsletter

Read the leading stories from the world of Business.

Promoted Links

Also in Business