Business year in review part 1: January to July – Irish Examiner

John Daly takes us through the highlights form the first half of the business year.

Up to 60% of companies intended to give their staff pay rises in 2015, with only 1% intending to cut them. Picture: Denis Minihane

JANUARY

The year began on an optimistic note with up to 60% of companies intending to give their staff pay raises in 2015, and just 1% planning to cut pay. The Irish Business and Employers Confederation said the average increase to basic pay predicted by the 462 surveyed companies was 2%. Wage increases, combined with changes in employee numbers, would increase companies total pay bills by 55% during the course of this year. Ibec chief executive Danny McCoy said: Pay will increase for most in 2015, but not all. The economy is r…

Read the full article at: http://www.irishexaminer.com/business/business-year-in-review-part-1-january-to-july-373185.html