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A new survey by payroll and HR provider SD Worx Ireland shows that more than a quarter of respondents reported errors in their salary calculations

Fifth of employees paid late multiple times in past year

A fifth of employees in Ireland were paid late multiple times in last 12 months, according to new research.

Consumers felt better about their finances - and the outlook for the year ahead - leading more of them to plan major purchases

Consumer sentiment hits 2 1/2 year high in July

The consumer mood has risen to its highest level in two and a half years, according to the latest Credit Union consumer sentiment index.

Business • 26 Jul 24

Workers' earnings should rise in real terms by 2.2% in 2024 - ESRI (Stock image)

Workers' incomes set to rise this year and next - ESRI

Workers in Ireland should see their incomes rise in real terms both this year and next, due to falling inflation and ongoing increases in wages.

Business • 27 Jun 24

Lufthansa's deal with cabin union UFO includes a 16.5% wage increase in three stages over 36 months and a €3,000 inflation compensation payment

Lufthansa reaches pay deal with cabin staff, union says

Cabin staff at Lufthansa said today they had reached a wage agreement with the airline for 19,000 flight attendants after months of negotiations and a strike that left thousands of passengers stranded.

Business • 11 Apr 24

New ECB figures show that a key measure of corporate profitability in the euro zone rose to a record high last quarter

Profits still bigger factor in inflation than wages:ECB

A key measure of corporate profitability in the euro zone rose to a record high last quarter, keeping up pressure on inflation as the long-awaited drop in business margins is delayed further, a European Central Bank paper showed today.

Business • 29 Jun 23

The Irish figure is above the Euro Area average of 4.7% but below the 7.2% rate seen in the UK.

Irish wage growth hits 4.9% in May

Irish wage growth hit 4.9% in May, according to new wage tracker analysis from hiring platform Indeed.

Business • 07 Jun 23

Taxes paid by workers rose last year as higher wages pushed earners into higher tax brackets, the OECD said today

Workers' wages hit by higher taxes and inflation - OECD

The Paris based think-tank, the OECD, has said taxes paid by workers rose last year as higher wages pushed earners into higher tax brackets.

Business • 25 Apr 23

More than half of employers think they will lose staff in the first half of 2023 due to higher earning potential elsewhere

Wage growth to cool following 'unsustainable' increases

Wage growth is expected to ease in 2023 following significant increases that have become unsustainable, according to a new study.

Business • 01 Mar 23

The Central Bank says there is a need to remain vigilant of the risks of high inflation

Vital to remain vigilant of high inflation - Donnery

The Central Bank's Deputy Governor Sharon Donnery has highlighted the need to remain vigilant of the risks of high inflation.

Business • 10 Nov 22

Inflation in Turkey soared to 78.6% on an annual basis in June, new figures show today

Turkey inflation hits two-decade high of 78.6% in June

Inflation in Turkey soared to 78.6% on an annual basis in June, the highest level in 24 years, official data showed today, as President Recep Tayyip Erdogan's unconventional economic policies continued to take their toll.

Business • 04 Jul 22

The Central Bank said respondents to its survey believe average inflation would be 10% over the next 12 months

Most workers believe inflation will hit value of wages

A survey conducted on behalf of the Central Bank finds a majority of Irish workers believe the real value of their earnings will fall this year due to inflation.

Business • 01 Jun 22

Ireland's 'tax wedge' is the 24th lowest out of 38 OECD countries

Tax on Irish workers' wages up 0.3% last year - OECD

Tax on wages earned by workers in Ireland increased by 0.3% in 2021, according to a report from the OECD.

Business • 24 May 22

European Central Bank's chief economist Philip Lane said

Euro zone wage setters see inflation spike as temporary

The latest wage deals in the euro zone show employers and unions believe the current spike in inflation will prove temporary, the European Central Bank's chief economist Philip Lane said today.

Business • 05 May 22

No P&O ferries have sailed since Thursday

P&O ferries could be blocked if they fail safety checks

P&O Ferries vessels will be blocked from sailing if they fail safety checks, the British government said, amid claims Indian seafarers to replace sacked crews are being paid £1.81 an hour.

Business • 21 Mar 22

Bank of England Governor Andrew Bailey warns of rising UK inflation

BoE sees clear risk of inflation sticking at high level

Bank of England Governor Andrew Bailey said today there was "very clearly" a risk that high inflation gets embedded in Britain's economy if there is a cycle of higher prices pushing up wages.

Business • 23 Feb 22

Carlos Ghosn is wanted by Japan on charges of financial misconduct but remains at large in Lebanon, where he fled while on bail

Ghosn must repay Nissan-Mitsubishi €5m in wages

Fugitive car tycoon Carlos Ghosn must repay nearly €5m in wages to Nissan-Mitsubishi, a Dutch court ruled today as it threw out his own claim for damages.

Business • 20 May 21

Ibec said the Government is not doing enough to avoid the economy suffering serious damage as a result of Covid-19

Govt needs to do more to keep workers in jobs - Ibec

Employers' group Ibec has called on the Government to increase its support for workers to remain in employment during the Covid-19 pandemic.

Business • 20 Mar 20

Eurostat said wages and salaries rose 2.5% in the first three months of the year

Euro zone wages post record annual rise in Q1

Euro zone wages rose in the first quarter of the year at the highest pace ever recorded since data is collected, data from the European Union's statistics office showed today.

Business • 17 Jun 19

UK unemployment fell by 38,000 to 1.42 million, giving a jobless rate of 4.2%, the lowest since 1975

Record 32.4 million people at work in the UK

The number of people in work in the UK has remained at record levels, while earnings have grown slightly faster than inflation, new figures show today.

Business • 12 Jun 18

Volkswagen in German deal on wages, leave, pensions

Volkswagen has agreed to raise the wages of around 120,000 workers in Germany by 4.3% from May, resolving a dispute that had prompted its first strikes since 2004.

Business • 21 Feb 18

The UK jobless rate in the three months from January and March unexpectedly fell to its lowest level in nearly 42 years

UK unemployment rate sinks to 42-year low of 4.6%

UK pay growth lagged inflation for the first time in over two years in early 2017, underscoring the growing Brexit squeeze facing many households.

Business • 17 May 17

UK unemployment numbers fall to the lowest level since the end of 2006

UK unemployment falls to 10 year low as vacancies soar

Unemployment in the UK has fallen to its lowest in a decade as a record number of job vacancies are on offer, new figures show today.

Business • 12 Apr 17

The UK jobless rate for the three months to July stood at 4.9%

UK labour market withstands Brexit shock

Britain's labour market showed little sign of taking a hit after the Brexit vote as data showed the unemployment rate held steady and job creation rose in the three months to July.

Business • 14 Sep 16

JP Morgan Chase CEO Jamie Dimon says a 'pay increase is the right thing to do'

JPMorgan Chase latest to hike wages for US staff

JPMorgan Chase said it will raise wages for 18,000 low-ranking US employees and said the private sector should do more to address income inequality.

Business • 12 Jul 16

GRA and the AGSI have rejected the Lansdowne Road Agreement

Talks over garda pay and conditions break down

The Garda Representative Association has said that talks with Department of Justice officials aimed at defusing a row over pay, conditions and the Lansdowne Road Agreement have broken down.

News • 22 Jun 16

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