Nearly half of employees have recently or are currently seeking a pay rise from their employers, new research shows.
The survey carried out by professional accountancy body ACCA reveals that 66% of staff have sought some form of support from their employers to help with the cost-of-living crisis.
Following requests from staff, 73% of employers surveyed said they were looking to help employees that were struggling financially.
71% said they were reviewing salaries, while 13% were offering one off payments.
Meanwhile, 8% of employers said they were consenting to staff taking a second job, while 7% were offering extra hours.
Statistics published by the Central Statistics Office earlier this month highlighted the pressure that household incomes are under, with consumer price inflation of 7.7% continuing to outstrip wage rises.
"It is clear that the fall in living standards that we have seen towards the end of 2022 due to high inflation is really starting to bite, with a cost-of-living gap emerging which is seeing lower household incomes having to spend comparatively more of their monthly budget on energy bills and food," said Stephen Noonan, Acting Head of ACCA Ireland.
"Our survey highlights that staff are increasingly turning to their employers to support them through this difficult period with the majority seeking further increases in their salaries," he added.
Mr Noonan urged households to ensure they're availing of Government supports.
Despite concerns around inflation and a potential economic slowdown, Mr Noonan pointed out that employment is at record levels with 2.57 million people employed.
"This is a significant differentiation from other economic slowdowns with strong employment levels an important factor in maintaining current levels of economic activity.
"However, one of the most important considerations for the government is ensuring that consumer spending does not further fuel inflation, which adversely impact any improvement in people's spending power and standard of living," he added.
