80% of Companies Plan to Increase Basic Pay in 2019

· 80% of employers expect to increase basic pay in 2019, with 20% keeping level the same · Projected median pay increase of 2.5% · Pay increases by sector - 91% of high tech, 85% other manufacturing, 79% distribution · Pay increases by company size – 93% of 500 plus workers, 70% of less than 50 employees · Total pay bill in 2019 – 74% to rise, 25%...

· 80% of employers expect to increase basic pay in 2019, with 20% keeping level the same

· Projected median pay increase of 2.5%

· Pay increases by sector - 91% of high tech, 85% other manufacturing, 79% distribution

· Pay increases by company size – 93% of 500 plus workers, 70% of less than 50 employees

· Total pay bill in 2019 – 74% to rise, 25% to remain the same, 1% to reduce

· 47% of companies to increase employee numbers, 48% to remain the same, 5% to decrease

· Top 6 investment areas in skills – leadership (75%), IT training (55%), communications (42%), team working (37%), project management (36%) and conflict / networking (35%)

Source: www.ibec.ie