Salary increases of up to 10% are predicted this year in a range of sectors.
Employers are also investing in their staff with career development opportunities to retain talent.
According to the Morgan McKinley Salary and Benefits Guide for 2015, this year is starting off with a buoyant recruitment market.
While it says there is higher demand in the IT sector, due to an increase in high profile cyber-attacks.
And it finds that businesses offering training and career development are most successful in retaining and attracting in-demand talent.
It also cites the record year of new jobs created by IDA Ireland companies - 15,012 created and 174,488 professionals employed in more than 1,150 client firms - as another reason for the positive outlook.
Trayc Keevens from Morgan McKinley Irish emigrants are starting to return home, confident of securing jobs.