New survey suggests average salary is set to rise

Tuesday, January 12, 2016

The average salary will go up by 10% this year according to a new report.

The survey by Morgan McKinley has found Irish employers are looking to invest more in their staff in order to retain them.

The 2016 salary and benefit guide has said those in specialist positions can expect a rise in pay of up to 15% this year.

More than 40,000 professionals placed across Ireland in 2015 were used in the data gathering process.

Speaking on the survey’s results Morgan McKinley Chief Operations Officer Karen O’Flaherty said: “We are anticipating on average a 10% increase in salary levels this year and would caution restraint in this area.

“Inward investment is dependent on the ability to attract top talent and to be cost competitive. Where demand for talent is high we continue to trend a much lower salary differential between Dublin and the regions, particularly in the areas of Life Science, Pharmaceutical, Engineering and ICT.

“We are also seeing a narrowing of gender gaps, especially in the area of HR, where more males are entering the profession and in the Life Science and Engineering areas as more females are qualifying and securing roles.

“We expect to see the continued return of ex-patriots this year as professionals who left return with young families and are more confident of securing employment,” said O’Flaherty.

You can read the report in full here.