Archive for September 2024

Two-thirds of organisations plan to increase salaries in 2025 which is down from the 86% that did so in 2024, according to a new survey. The latest HR Barometer from employment consultants Adare shows that the average planned salary increase next year is 3.6%, close to the 3.7% actual increase in 2024. The survey found…

The domestic economy looks set to grow by around 2.3% this year, a new forecast has predicted. The latest Economic Eye from EY also expects that modified domestic demand, considered the best measure of the performance of the domestic economy, will rise by a further 3.2% next year. This is despite an expected contraction of…

Activity in the tourism industry still remains 6% below its pre-Covid levels, two years on from the start of the easing of the pandemic. That is according to the Irish Tourism Industry Confederation (ITIC), which points out that while business levels remain subdued, costs have at the same time been soaring. The organisation claims the…

Euro zone business activity contracted sharply and unexpectedly this month as the bloc’s dominant services industry flatlined while a downturn in manufacturing accelerated, a survey showed today. The downturn appeared broadbased with Germany, Europe’s largest economy, seeing its decline deepen while France – the currency union’s second biggest – returned to contraction following August’s Olympics…

The regulatory environment and availability of the necessary talent are among the biggest factors influencing future growth of the funds and asset management industry here, a new study has found. 82% of firms surveyed said the domestic regulatory environment was among the top five factors impacting the expansion of the sector over the next five…

The Construction Industry Federation is holding its annual conference in Croke Park in Dublin today, which will focus on addressing population growth. The CIF is calling for a greater allocation of ring-fenced capital as well as maintenance investment in Ireland’s water, wastewater and electricity infrastructure in Budget 2025. It says at least 60,000 houses a…

The first payments of the Government’s fuel allowance will be made this week. The means-tested payment will be paid for 28 weeks to over 400,000 households across the State. The allowance was introduced in the late 1980s as a way to help pensioners and long-term social welfare recipients with the costs of heating their homes…

Bank of Ireland said new analysis shows that competition for homes intensified during the summer with almost 40% of transactions now being settled at a minimum 10% premium over the original asking price. The bank noted that the average mortgage approval for house purchase was €318,300 in July, up 6.2%. Bank of Ireland said this…

Nearly one third of all jobs are poised to be fundamentally transformed by generative artificial intelligence (GenAI), according to a new study. The research by management consulting firm Sia Partners shows that more than 80% of tasks in these roles are primed for automation, driven by the rapid expansion of Large Language Models (LLMs) and…