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Irish salaries rise by up to 5% across economy in 2014

As the Irish economy continues to show strong growth figures, Dublin's Brightwater Recruitme...
Newstalk
Newstalk

17.05 9 Dec 2014


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Irish salaries rise by up to 5...

Irish salaries rise by up to 5% across economy in 2014

Newstalk
Newstalk

17.05 9 Dec 2014


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As the Irish economy continues to show strong growth figures, Dublin's Brightwater Recruitment expect salaries to increase by between 2 and 5 percent across most of the work force in 2014. Wages in the IT sector could increase by as much as 10 percent. 

The report also says that the "real change for 2015" will come in bonuses and benefits. It predicts that bonuses will increase from 5 percent to 20 percent - dependent on individual, and company performances.

There will also be more healthcare benefits, access to company cars, study time and study assistance, employer supplied phones and laptops, and other perks like gym memberships, canteens and flexible working hours.

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Brightwater's managing director, David Bloch comments that "Irish companies are generally confident and in growth mode" and that this recovery environment is upping the pressure on companies to offer competitive packages to attract and retain quality employees.

Management consultants Hay Group Ireland has also published a report that found that Irish employees will see an average wage increases of 1.4 percent in 2015 - this will amount to a real increase of 1.1 percent after inflation is accounted for. This is up from its previous prediction of a real salary increase of 0.2 percent. The report finds that Irish wage rates are growing faster than the UK and the US.


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