Salaries for newly hired professionals stabilise

SALARY levels for newly recruited professionals stabilised last year, with some niche positions experiencing increases of 20%, according to the Annual Salary Guide compiled by recruitment experts, Hays.

This study examined salaries and terms and conditions across a range of 934 positions in seven key sectors including accounting and finance, IT, banking and financial services. Nearly all sectors saw salaries level out after dropping by as much as 30% in 2009.

“It’s great to not only see salary rates a lot steadier this year, but increases starting to emerge. This is generally being reflected in the level of hiring going on as well,” said Richard Eardley, managing director of Hays in Ireland.