Boss bonuses distort pay averages

The head of the Irish Bank Officials Association claims that bonuses to senior executives are distorting CSO statistics which indicate rises for financial workers.

Financial, insurance, and real estate professionals have seen average pay rise over 4% in the last three years, according to CSO data.

IBOA general secretary Larry Broderick said this does not reflect the situation on the ground, and put the increase in average pay down to the senior executives receiving bonuses.