The average worker can expect a pay increase of about 3.1% in 2027, according to new research from business group Ibec.<\/p>\n
Its annual Pay and Resourcing Forecast shows that 83% of businesses are expected to increase pay in 2027.<\/p>\n
Ibec said a minimal number of respondents indicated that they expect to decrease wages.<\/p>\n
According to the research, 85% of businesses increased pay in 2026, with respondents reporting an average increase of 3.5% across all sectors.<\/p>\n
The survey shows that 35% of businesses plan to increase their headcount in 2027, down from 37% forecasted for 2026 and 41% for 2025.<\/p>\n
8% of businesses said they plan to decrease headcount next year.<\/p>\n
Respondents said that the primary drivers of additional headcount are increased production and demand for services, business expansion into new markets, and building a future pipeline of talent.<\/p>\n
“While we are seeing a continued softening in headcount growth expectations, overall workforce resilience remains very strong,” said Maeve McElwee, Ibec’s Executive Director of Employer Relations.<\/p>\n
“Even with a slight labour market cooling, employers continue to prioritise permanent recruitment and talent development to maintain competitiveness despite ongoing global volatility,” Ms McElwee said.<\/p>\n
In July, it was reported that the Low Pay Commission is to recommend to the Government that it increases the minimum wage by 5.6%.<\/p>\n
If the proposals are accepted, it would see the rate rase by 79 cent an hour from \u20ac14.15 to \u20ac14.94.<\/p>\n
“The Low Pay Commission’s reported recommendation, a rate nearly double what some companies can afford or anticipated, is extremely concerning for businesses,” Ms McElwee said.<\/p>\n
“Ibec has raised this with the Minister following the recent reports,” she added.<\/p>\n
According to Ibec, feedback in recent months from businesses has indicated that attracting international workers into key sectors is hindered by overly burdensome visa and work permit procedures.<\/p>\n
The research is based on a survey of over 330 senior HR professionals.<\/p>\n","protected":false},"excerpt":{"rendered":"The average worker can expect a pay increase of about 3.1% in 2027, according to new research from…\n","protected":false},"author":2,"featured_media":627087,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[72,61,60],"class_list":["post-627086","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-ie","tag-ireland"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/627086","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=627086"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/627086\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/627087"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=627086"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=627086"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=627086"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}