Salaries are expected to rise by five to 10% in certain sectors this year, according to the latest Irish salary guide by Morgan McKinley.
The global professional recruitment consultancy released the new data after analysing pay across different sectors.
A shortage of skills means jobs that require specific training are expected to see a salary increase of between 15% to 20%.
These sectors include technology, science, Irish pharma, biopharma and engineering.
The report says the pressure to increase salaries stems from the restricted movement on international talent due to Covid has increased the demand for skilled workers already living in Ireland.
However, normal inflationary figures of two to five per cent are expected to return in a post-pandemic world as restrictions ease, and international workers return to the country.
The study also reported that over 80% of people are considering a career move in the next six to 12 months.
Tracy Keevans, Global FDI Director at Morgan McKinley Ireland, said the pandemic has prompted many workers to re-evaluate their positions.
She said: "The experience of the sustained public health emergency has prompted countless workers to re-evaluate their work options, fine-tuning a better work-life balance and making deliberate choices as to where their careers are heading next," she said.
"They're looking for opportunities that give them the right pay, benefits, and work arrangements in the longer term."
She added: "New opportunities opened up by remote work means workers can now access roles that previously were geographically off-limits."
The increase in demand has meant that counteroffers are now being offered, according to Ms Keevans.
She said: "For some organisations, the Great Resignation is an unparalleled threat, creating organisational challenges around skillsets and resources, and affecting everything from quality of work and time-to-completion to bottom-line revenue.
"For others, it's a golden opportunity to secure accomplished talent that will add value for years to come."
Ms Keevans said the increase in demand has forced companies to adjust and become more flexible.
She said: "Other additional supports take the form of paid relocation assistance, offering transparent career paths, strong learning and development plans to support their progression, and flexibility in where talent can work from, including an openness to facilitating people working from their native country."
