Pennies tight coming up to Christmas?
Well, this news should ease some of the stress.
According to a new survey published by Mercer, 97 per cent of employers plan to increase salaries in 2016.
The consulting firm’s latest Salary Movement Report shows that as the economy continues to improve, the large majority of the 135 organisations surveyed plan to increase pay packets as the year goes on.
According to the Irish Times, the firm’s talent consultant Noel O’ Connor said that the salary forecast reflects the improving economy.
He said: “The outlook is that salary increases are firmly back on the agenda for the vast majority of organisations.
“After a number of years of consolidation in the jobs market, we are beginning to see more activity as employees are increasingly tempted by new opportunities.
“The competition for talent seems particularly aggressive in the high-tech, life science and construction industries.”
According to the research, the median increase for 2016 will be 2.2 per cent for most job grades with those working in technology or non-financial sectors likely to get the highest pay increases.
