Pay and Benefits Survey in Ireland
Wednesday, August 26th, 2009Survey of Pay and Benefits in Ireland -
CIPD ( Chartered Institute of Personnel and Development )
This survey was undertaken early 2009…..the conclusions are worth a read. Click here for the more indepth report
•Over half (53%) of those surveyed received a pay increase in 2008 and, of those working for an employer that pays bonuses, 83% received one last year.
• Overall, the majority were satisfied with the size of their pay increase (70%) and
or their bonus but of those who were not satisfied, many felt the amount of their
rise did not keep pace with inflation / the cost of living.
• Although a high percentage of employees received a pay increase and/ or bonus,
the majority believe such will not be the case next year with 43% predicting no
pay rise and 21% a rise lower than 2008, only 19% think their pay rise will be
greater than this year.
• A significant proportion (68%) do not know what they need to do to achieve a pay
rise in 2009, suggesting both uncertainty and that communication around pay
could be improved – nearly half wanted more information about their pay.
• There is support for basing pay around individual performance, experience and
linked to inflation / cost of living.
• Transparency of pay is also something employees favour – over two-thirds would
like to know how their pay increase compared with others and most are also
happy to disclose how much they earn, if it meant that they could find out how
much others earn.