Wage Hikes Predicted Next Year as IBEC Organisation Navigates Competitive Labour Market

Thursday, 19 September 2024, 17:05

IBEC organisation foresees wage hikes next year amid a competitive labour market. Recent findings reveal that 21% of workers lack retirement plans, largely due to affordability issues. This concern is particularly pronounced among older employees, highlighting a pressing need for financial strategizing.
Irishexaminer
Wage Hikes Predicted Next Year as IBEC Organisation Navigates Competitive Labour Market

Wage Hikes Expected from IBEC Organisation

The IBEC organisation has predicted that wage hikes will become common next year as firms strive to retain employees in a competitive labour environment. The data indicates that many companies will need to enhance their compensation strategies to secure talent.

Pension Planning Crisis

In a revealing study, 21% of workers admitted to having made no financial arrangements for retirement. Affordability has been cited as the major obstacle for employees when it comes to planning their financial futures, a trend that is especially alarming among older workers.

  • Retaining talent is critical
  • Wage hikes could drive costs
  • Financial literacy is lacking

This indicates a need for stronger financial guidance and planning among the workforce.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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