Almost two thirds of professionals believe their current salary does not reflect their skills, qualifications, and level of experience according to new research from hiring platform IrishJobs.
The Salary and Benefits Survey shows that 63% of workers do not have an opportunity to negotiate salary increases with their employer regularly.
The research reveals that 44% of workers received a pay rise in the past 12 months and of those who did, just over three quarters said it was in the range of 1-5% with 62% indicating that the increase did not meet their expectations.
The research showed salary is the most important criteria for professionals when considering employment packages closely followed by employee benefits.
Healthcare plans, pension schemes, the number of annual leave days, flexible working arrangements, and bonuses/financial incentives were the most popular employee benefits.
Just over half of respondents ranked work-life balance as extremely important when assessing job opportunities.
Sam Dooley, Country Director of The Stepstone Group Ireland with responsibility for IrishJobs, said the survey provides insight into the impact of an evolving economic and labour environment on employee attitudes around job offerings.
“While the rate of inflation is moderating, wage growth continues to lag behind the level of increased costs,” Mr Dooley said.
“However, this landscape is expected to shift positively for workers, with the latest quarterly economic bulletin from the Central Bank predicting that compensation in real terms will grow over the next three years,” he added.
The IrishJobs Salary and Benefits Survey 2024 gathered insights from 1,224 professionals across businesses in Ireland.
