ONE IN FIVE people expect take-home pay to increase over the course of 2012, according to a new survey of professionals.
The Morgan McKinley study, which covers people working in manufacturing, financial services, IT and professional services, found that 21 per cent believed salaries in their companies would rise in the coming months.
The salary rise forecast was modest – between one and five per cent. But only four per cent of managers feared redundancies in the next year.
Almost half of respondents to the survey – 47 per cent – had a more positive outlook for their business than at the beginning of last year, with 32 per cent saying their opinion had not changed.
Some 58 per cent expect salaries to remain static over the coming year.
Karen O’Flaherty, chief operations officer of Morgan McKinley, said: “The findings of our latest Salary Survey point towards a slight lift in business confidence in Ireland, with almost half of managers claiming to have a more positive outlook for 2012 compared to 2011.”
However, she said any significant salary increases would only come in the few industries where companies are having difficulty recruiting suitable candidates, naming “IT software developers, multilingual specialists or senior finance professionals” as examples.
The survey was compiled by speaking to 584 HR managers and business leaders in Ireland last November – meaning that some respondents’ opinions may since have changed due to the impact of the Budget.