Private sector on course for 2.5%-3% pay rises

As the Irish Congress of Trade Unions pushes for private sector pay rises of 4% in 2017, employers say the figure could be 2.5% or 3% this year.

Private sector on course for 2.5%-3% pay rises

Last October, Ibec forecast that 71% of companies would award ā€œmodestā€ pay rises this year and that ā€œthe median pay increase for 2017 is expected to be 2%, similar to levels reported in the last three yearsā€.

Despite the uncertainty caused by Brexit more recently, the employers’ body believes most of those employers will still press ahead with the increases.

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