Salary rises predicted to slow to 4.9%

SALARY growth rates across all business sectors are likely to slow significantly this year, according to a new survey published by PricewaterhouseCoopers.

The professional services and business advisory giant’s new Irish Salary Increase Trends survey has forecast that total base salary increases, across all sectors of Irish business, will be just under 4.9%. This would be down from the average 5.34% increase seen last year.

In terms of specific sectors, banking/financial services is likely to see the highest rise at around 5.58% this year; followed by the telecommunications/IT sector (4.74%) and the pharmaceutical/healthcare sector, which should see a salary rise of around 4.27% this year.