Despite the onset of the pandemic, nearly two in five organisations planned to make pay increases in 2021. Key issues emerging were the need to invest in company culture and respond to the demand for remote working for the future
CIPD-IRN private sector pay survey
Our survey of CIPD members in Ireland and IRN subscribers looks at private sector pay intentions for the year ahead, benefits, performance management practices, and your views on pensions, and gender pay gap developments.
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There were stronger influences (tight labour market and pressures of attracting and retaining suitable employees) on pay setting for 2020
Organisations will flex their approach to pay in 2019 to respond to a tight labour market and the pressures of attracting and retaining employees
Over half (56%) of private sector employers plan to increase basic pay in 2018 and average increases are expected to be in the region of 2.8% with smaller companies intending a 3.5% increase compared to 2.7% for large companies
Half of private sector employers plan to increase basic pay in 2017 and average increases are expected to be in the region of 2.5%
The survey results highlight the need for employers to balance wage bill demands with boosting skills