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The latest IBEC pay survey (Q4 2011) found that 74% of companies will either freeze or reduce basic pay rates in 2012. While some companies will hire over the coming months, pay expectations need to reflect current economic realities; pay rises in 2012 are unrealistic.

Read our pay survey here.

Job protection and creation remains the priority for most businesses. This means pay restraint nationally and an unwavering focus by Government on restoring competitiveness. Companies are focused on getting costs back in line with our trading partners. This is vital if we are to restore our economic fortunes.

Danny McCoy
Director General, IBEC

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© IBEC, 2012
Irish Business and Employers Confederation
IBEC Limited is registered in Ireland. Registration No. 8706
Registered directors: Donal Byrne, Maurice Pratt, Breege O'Donoghue
Registered address: Confederation House 84/86 Lower Baggot Street Dublin 2
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