31/03/2010

Construction Sector Hit By Salary Drop

Salaries for new employees within the Irish construction industry have fallen drastically, a new survey has found.

According to the latest IrishJobs.ie salary survey, benchmark salaries for new employees in most jobs are down by between 5% and 20% since 2008.

The average construction salary is down between 15% and 22%, while banking has also suffered a significant hit.

"For the past 12 months we have been hearing anecdotally of employee salary reductions in most industries," said IrishJobs.ie spokeswoman, Valerie Sorohan.

"It will come as no surprise therefore, that the market rate for salaries for new employees has been adjusted downwards in most sectors."

Project managers, civil engineer and foreman roles are among the hardest hit, the survey added.

(NS/BMcC)




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