Wage increases signalled by 70% of employers for 2023

Research shows that starting salaries have shot up by an extra €5,000 per year

Research found that over 60% of employees were considering switching jobs in 2023

More than 7 in 10 employers have signalled wage increases for 2023, with salaries seeing rises of up to 11% already this year. That is according to new research published by Excel Recruitment who noted staff shortages and increased expectations as the driving forces behind further pay rises.

The recruitment company also found that starting salaries have shot up by an extra €5,000 per year, yet despite these pay rises, over 60% of workers are contemplating changing jobs in 2023, with just under a third definitely considering it.