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Ireland — Wage restraint seen as advantageous for FDI

26 January 2010
Berkley Recruitment Group, the Dublin-based permanent and temporary staffing firm, has published its latest 'Jobs Market Sentiment Survey'. The major findings of the report are:

Irish workers are committed, wages are stabilising and costs of hiring and retention are attractive to Foreign Direct Investment (FDI).

Pay rise expectations are very low. Ireland tops the league in wage restraint, improving global competiveness.
The Jobs market is seen as weak. This perception is exactly the same as this time last year.

Individuals feel that overall business is improving slightly in their companies and less believe it's getting worse than 1 year ago.

Over 65% of Irish job seekers feel the global downturn is over the worst or near the end.

Surprisingly, Ireland was mid-table when it came to the question of would you emigrate if you lost your job, with 54% compared to 81% of Swiss, 80% of French and 76% of Germans willing to emigrate.

A strong point to Ireland's advantage was the belief in education. Over 56% of respondents expressed a willingness to go back to education after losing their jobs.

Higher pay has fallen dramatically in the league table of reasons to change job, with career progression taking a bigger lead.

To read the full report please click here



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