It's due to rising costs.
1 in 5 businesses are worried that they will not survive the next 12 months, according to a midlands recruitment expert.
Companies are concerned with rising costs and a widespread staff shortage that is expected to continue into 2030.
As a result, many are considering offering other benefits in place of pay rises, such as flexibility in hours and hybrid working and extra holidays.
Jasmine Elkhershi, Marketing Manager with AllPro Recruitment says that certain industries are more likely to offer pay rises than others:
Laois Prize Bonds Player Scoops €50k In Weekly Draw
Former Midlands Garda Sergeant Shares Thoughts On M9 Crash
North Midlands Credit Union Rejects Merger
Gardai Issue Appeal On 30th Anniversary Of Disappearance and Murder of Fiona Pender
Electric Picnic Confirms Final Line-Up Ahead Of Festival
Black Bull Threshing Festival Returns To Offaly This Weekend
Hundreds Gather For Funeral Of Joey Carthy In Kildare
Drought Aid Measures Need To Go Further - Laois IFA Chair