Salaries predicted to rise by 4.6% on average this year

Brian O’Mahony, Chief Business Correspondent

The Financial Services Sector is projected to pay best this year with increases of 5.4% anticipated while the struggling IT sector is likely to be the least generous offering increases of just 3.7% to their workers.

Forecasts, even when based on a comprehensive survey, are just guides. Last year the forecast figure for increases was 4.6% and it ended up at 5% on average.