33% of workers expect pay rise

ONE-in-three workers expect a pay rise next year as employees become less worried about job security, believing the worst of the recession is over.

A survey conducted by recruitment firm, Berkley found that three-out-of-four workers believe the passing of the Lisbon Treaty will have a positive impact on our economic recovery.

Although some workers do expect a pay increase, more than half believe their wages will stay the same next year.

Employees are becoming more optimistic too with only 44% feeling the recession is getting worse compared to six months ago when it was 86%. The survey also found that 56% feel we are over the worst or near the end compared to 14% six months ago.

Almost half of those surveyed feel their company is in a worse position than 12 months ago while 18% feel their company is in a better position.

Managing director with Berkley, Fergal Brosnan said: “Over the past two years, these surveys have gradually shown a decline in confidence, but the change since last March shows the first reversal of the trend. A significant positive step.”

He said the survey shows that confidence is returning and that job losses are expected to slow.

“Our own findings in the market, show that a pipeline of active roles and projects are significantly increasing to pre-downturn levels.

“This seems to confirm the consumer and economic sentiment findings in recent weeks,” he said.

Berkley said job vacancies have risen for the fourth month in a row, with a large increase in foreign direct investment companies talking about new projects in Ireland.

“The reality is the research and development industry is strong and holding up when compared to other verticals. Companies continue to hire,” said Mr Brosnan.

He added that one concern, however, is in relation to workers’ payreviews in 2010.

“Thirty four per cent still expect a pay rise, which although down nine points, would still be a little high given the fact that the economy still has a way to go,” he added.