IBEC Pay Survey: Irish pay freezes to continue in 2012; Companies also prepared to reduce basic pay rates
Jan 9th, 2012 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
IBEC, the principal Irish business lobby group, today published its latest pay survey (Q4 2011) which found that 74% of companies will either freeze or reduce basic pay rates in 2012. IBEC said that while recent survey data suggested some companies will hire over the coming months, pay expectations need to reflect current economic realities; pay rises in 2012 are unrealistic.