Workers are less likely to be offered salary increases this year than last year, according to the latest Morgan McKinley salary survey.
The study is based on data collected from 40,000 professionals.
The salary survey shows that the uncertainty of Brexit and the incoming Trump administration may impact employment growth here in 2017.
It also says workers are less likely to be offered salary increases than last year and employers are now looking at flexible working arrangements and professional development as ways of attracting talent.
However, the survey shows there is the potential for salary increases of 5% to 10% in areas like IT, Science, Accounting and Engineering where there is a critical need for skills.
For example, a newly qualified accountant would have been paid between €45,000 and €50,000 last year compared to between €50,000 and €55,000 thousand this year.
Morgan McKinley also says that once a decision on Brexit is made they expect to see an increase in employment opportunities particularly in the banking and financial services sectors.