Pay freeze for 2 out of 3 workers

One in three workers can expect a raise this year, two in three can expect a pay freeze, while 4% will endure pay cuts, a survey of employers indicates.

And six out of 10 (56%) of companies are preparing to take on extra permanent or temporary workers within the next six months data from the latest IBEC pay survey reveals.

IBEC today hosts its annual employment law conference at Clontarf Castle, Dublin. The employers body also expects the economy to grow by 1% this year, primarily due to the strong performance of exporting sectors.