This report from IBEC explores key pay and HR trends in Irish workplaces, finding that 82% of businesses are planning to increase pay in 2024 with an average increase of 3.8%. The research shows that as businesses continue to experience a tight labour market, this has resulted in a sharp focus on employee retention through three core pillars - compensation & benefits, learning & development and leadership development. Moreover, hybrid working as a business operating model continues to be at the forefront of many organisation's agenda, with approximately half of respondents finding it challenging to attract staff for on-site only roles while many have introduced a range of schemes to promote on-site working.
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