Inflation adds pressure to staffing issues, leading to reduced spending

Ireland's inflation rate was 9.6% in July, according to Eurostat’s latest figures. As employees look for bigger salaries, they are also reducing their spending

The majority of SMEs are spending more time on recruitment than they did pre-pandemic, according to a new survey by Ibec and BDO. Picture: Gareth Chaney/Collins

Small firms are struggling to find and retain staff as inflation pressures grow, a new survey showed.

A rise in demand for salary hikes is one of the leading concerns for Irish bosses at the moment as inflation continues to hit business margins.