Good news for some workers - over half of companies say they plan to give employees a pay rise this year.
A new survey from IBEC claims wages are set to rise by 2 per cent this year.
The stats from the business group also show that just 1 per cent of firms cut their basic wages in 2014.
But despite this, they are warning that many firms are still in survival mode and simply can't afford pay rises.
IBEC CEO, Danny McCoy, says the Government needs to control the situation:
