Private sector workers to get 2% salary hikes

Almost all private sector staff no matter where they work can expect salary hikes of just over 2% next year, according to a major report published this morning.

The findings from consultants Mercer shows after the long years of contraction and recession that pay rises are back on the agenda. Mercer Ireland said it surveyed 135 firms and almost all, 97%, have budgeted to pay out salary increases next year.

Staff can expect average pay to rise 2.2% in most pay grades, and pay in the construction industry is increasing too.