Competition for talent set to drive 2% increase in salaries next year

Irish salary levels are expected to increase by 2% next year, driven by heightening competition for top talent in the hi-tech, life sciences and financial services industries.

Of 168 companies surveyed in the latest Salary Forecast Report, from the Irish division of international HR consultancy Mercer, 92% indicated that they are currently planning on increasing staff pay levels during 2015.

The technology sector is likely to see the largest salary increase, at between 2.5% and 3%.