Workers to Receive Average 3% Pay Rises Next Year
- Ireland's job market is expected to remain strong in the coming years, according to a new Ibec report.
- HR professionals surveyed don't foresee any reductions in wages.
- in essence, the report paints a picture of a stable job market with continued growth, but with a growing emphasis on employee progress and adapting to evolving industry...
Here’s a 90-second summary of the news article:
Ireland’s job market is expected to remain strong in the coming years, according to a new Ibec report.
Key takeaways:
* No pay cuts are anticipated for next year. HR professionals surveyed don’t foresee any reductions in wages.
* Hiring will continue,but at a slower pace. Over a third of companies plan to increase staff in 2026, down from 45% last year.
* Most new jobs will be permanent. Around 89% of new hires next year are expected to be offered permanent positions, slightly down from 95% this year.
* Wages are expected to rise despite easing inflation, driven by minimum wage increases and competition for skilled workers.
* Companies are focusing on upskilling. Employers are increasingly investing in training to prepare their workforce for future demands and a changing job market, prioritizing skills and innovation.
in essence, the report paints a picture of a stable job market with continued growth, but with a growing emphasis on employee progress and adapting to evolving industry needs.