Wages expected to surge 5%-10% this year as inflation continues to rage

Morgan McKinley predicts that salaries could rise even further in 'overheated employment market'

Wage inflation could top previous estimates, with salaries rising by 5%-10% and as high as 20% in some cases, a survey has indicated.

Irish salaries could surge by as much as 5%-10% — and even higher in some cases — this year as inflation rages on, according to a new report.

Inflation hit 5.3% in November and, while EU forecasts have suggested Irish wage inflation could climb as high as 5%, the latest Irish salary guide from recruiter Morgan McKinley suggests that rise may prove much higher.