Ibec: 71% of employees set to receive pay rises in 2016

Employees in almost three quarters of companies across the country are set to benefit from pay increases in 2016, an Ibec survey found.

However, the employers’ body’s poll found a pay hike is dependent on the sector in which you work.

Overall, 71% of companies surveyed said they expected to increase basic pay next year with the median rise predicted in the region of 2% — similar to the figure for both this year and 2014. By the end of 2015, it is expected that 67% of companies will have increased basic wages, significantly more than the 57% predicted at the start of this year.