Wage adjustments across the economy are now commonplace, albeit with some sectors outstripping others with employers in parts of the domestic economy or those with high labour costs as a percentage of total costs still struggling to afford adjustments. Average annual earnings grew by 2.0% in 2017 compared to 1.3% in 2016. The Central Bank (Q4 Quarterly Bulletin, October 2018), predicts compensation per employee to increase by 2.8% in 2018, by 3.3% in 2019 and 3.4% in 2020. Last year hourly wages increased by 1.7% and in the first half of 2018 wage growth accelerated to 3%. This growth happened across all sectors, with the strongest growth in ICT and financial services. In terms of collective
Insights
Stratis Consulting is regularly called upon to provide insightful commentary and perspectives on topics of interest to our clients including:
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Developments in People Strategies and Employee Relations - trends in employee reward and recognition, employment law, significant third party decisions, workplace reforms, industrial disputes including disputes in essential services etc.
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Labour Market Developments such as e.g. Minimum Wage, Living Wage, Public Sector Pay and Reform, Pensions, Skills Development and ‘Future of Work’ issues.
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Research on topics of relevance to our clients including workplace innovation, total remuneration, alternative dispute resolution (ADR) and strategic people issues.
For further information or to schedule an appointment please contact Brendan McGinty:
T +353 1 216 6302
M +353 87 2433038
