In response to the cost-of-living crisis, 79% of employers say they have increased pay for staff this year, decreasing slightly from 84% of employers who increased pay in 2022. Of employers who increased pay this year, 57% of employers said this was a direct result the increased inflation. The survey, published as part of the Hays Ireland Salary & Recruiting Trends Guide 2024, received over 1,450 responses from employers and professionals between August and September. Maureen Lynch, managing director at Hays Ireland, said the commitment of employers to their hiring goals despite economic concerns signals a positive outlook for the job market. "However, challenges will persist in the upcoming year as both employers and employees grapple with economic challenges like living costs and inflation.

Source: Irish Examiner November 13, 2023 04:31 UTC