Workers’ pay expected to increase by 3.9%, outpacing inflation of 2.3%

THE salaries of workers here are expected to rise by 3.9%, outpacing anticipated inflation of 2.3% with ease next year, according to Mercer’s Global Compensation Planning Report.

The survey found that while pay in the EU is likely to rise by 2.1 percentage points above inflation, on average, Irish salaries are forecast to increase by 3.9% while inflation is likely to be 2.3%.

By comparison, salaries are predicted to rise by an average of 1.9 percentage points above inflation next year across the globe, according to the survey, which examines employment, economic and pay trends in some 70 countries.