97% of Irish employers plan to increase salaries in the new year

Do you expect to make more in 2016?

The vast majority of Irish workers are expected to receive pay increases in 2016.

Research from pension and personnel consultancy firm Mercer says that the average worker will see their wages rise by 2.2% - with workers in technology, life sciences, pharmaceuticals and biotechnology companies being the most likely to make more.

Its Salary Movement Report found that 97% of the 135 organisations surveyed plan to pay more.

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Increases in banking and financial services are due to be smaller, with an average of 1.8%.

Mercer talent consultant, Noel O’Connor said that, "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," he continued.

He also said that benefits like pensions, health insurance and flexible working hours are becoming increasingly important for employers hoping to attract and retain quality staff.