Most Irish-based employers plan on giving their staff pay rises this year, according to the latest Employment Market Monitor from recruitment firm Cpl Resources.

Cpl Resources’ monitor showed that employers pointed to better career opportunities (41%) and better salaries and promotions (33%) as the most common reasons why they lost employees, and more than 80% of companies surveyed see the current jobs market as favouring employees.

"Employees have many more opportunities than five years ago and employers know they have to incentivise their staff to stay with them," Rob Daly, Senior Director, Cpl Resources, said.

Cpl’s data also showed that employers find the top business costs to be salaries and related employment benefits, followed by property and rental costs. 

Meanwhile, Cpl’s monitor also showed that 68% of Irish-based companies believe they have yet to experience any impact relating to Brexit negotiations.