Salary increases expected to rise

GLOBALLY, salary increases are expected to be higher next year than they were in 2005, according to a survey by Mercer Human Resource Consulting, the world’s largest employee benefits consultancy and services provider.

The average pay rise worldwide is expected to be 2.4 percentage points above inflation compared to 1.9 percentage points during 2005.

In the European Union, pay is likely to rise by 2 percentage points over inflation. Irish workers 2006 average projected pay increase forecast at 4.2%.