Irish firms 'to raise wages 3.8%' next year

Ibec report reveals businesses involved in hospitality, tourism, and leisure expect to raise wages by 6.5%, while retailers expect to pay staff 5.2% more

Many Irish firms plan to increase wages next year by 3.8%, which is likely to be close to the rate of inflation, according to Ibec.

Many Irish firms plan to increase wages next year by 3.8%, which is likely to be close to the rate of inflation, according to a major survey by business group Ibec.

Its Pay and HR Trends Report also found that businesses involved in hospitality, tourism, and leisure expect to raise wages by 6.5% in 2024, while retailers expect to pay staff 5.2% more.