It is critical that you have sufficient information to make important business decisions. Each year we will continue to ask members to complete a survey on current wage rates and future employment plans. A summary of the results from our retailer & merchant members is below:
• Of the respondents, Munster accounts for the largest % of participants at 30%.
• 48% of respondents spend < 15% of turnover on wages.
• 58% intend on hiring staff this year, no change in the figure vs 2015.
• 47% intend on increasing wages this year, an increase of 12% compared to 2015.
• Dublin has the highest average rate of pay nationally.