Market Demands and Skills Shortages – Salaries Set to Continue to Rise in 2023

Ireland's thriving business environment has expanded market needs across multiple sectors. The shortage of trained individuals in key industries, on the other hand, has created a serious burden for businesses in terms of talent acquisition and retention. The knock-on effect of this is that the impact on salary costs has been significant, with companies being forced to give greater wages in order to attract and retain personnel. While this trend benefits individuals by providing greater pay packages, it also offers challenges to Employers and the wider economy by increasing labour costs.

Published
Categorized as Jul 2023