Workers likely to seek higher wages following sustained inflation, consultants say via IrishTimesBiz
The survey, completed in June, states 30 per cent of companies plan to hire more staff in the coming months, which is the highest number since February last year and the “strongest level of confidence worldwide”, states the survey.A breakdown shows services more upbeat about employment, with one in three of them preparing to take on more workers, against just one in four manufacturers.
“The nation’s growth indicators have remained resilient across the year and it’s encouraging to see an overall cooling in inflation expectations,” she added. The number of companies predicting non-wage costs to rise fell to 42 per cent from 44 per cent in February, the report shows, indicating weaker inflation.Businesses hope to pass these costs on to customers, but the actual number of companies intending to hike their prices is down to 28 per cent from 31 per cent in February.More companies expect a boost to their bottom line as inflation eases, says the report.
“This was the strongest reading since February 2022 and the third-strongest globally,” Accenture notes.
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