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Number of pay freezes in Ireland to decline in 2021
Written by Robert McHugh, on 17th Dec 2020. Posted in General
Private sector workers in Ireland are set to receive average pay rises of 2.3% in 2021, this compares to an average pay rise level of 2.1% recorded in 2020.
Furthermore, in 2021 only 11% of private sector companies in Ireland are expecting to freeze pay, compared to 23% of businesses who introduced such measures in 2020, most likely because of the initial impacts of the COVID-19 pandemic.
This is according to a Salary Budget Planning Report compiled by Willis Towers Watson’s Data Services Practice. The survey was conducted online in October/November 2020, receiving over 18,000 sets of responses covering over 130 countries worldwide. The Irish research consisted of responses from 258 companies.