High housing costs key driver of wage demands, conference told

HIGH rents and housing costs are driving wage demands that have become the biggest single challenge facing businesses, according to Kevin Sheridan, managing director of Sheridan Cheesemongers.

“Rising wages puts pressure on staff numbers and has a ripple effect through the business – I think this comes from the housing crisis,” Mr Sheridan said..

“We need it fixed and fixed sustainability,” he added.

Mr Sheridan set up the cheese business with his brother in 1995.

He said that at the time there were “no jobs – rents were low so people were setting up small businesses”.

He was speaking at the ‘Family Business Values’ conference at Dublin City University yesterday, which focused on the unique experience of family-owned firms. The legacy of the late Feargal Quinn, who died last week, was remembered by a number of speakers at the event.

Speaking at the event, Keeling Fruit’s Caroline Keeling said the group was now having to deal with issues which were not a factor 15 years ago, such as sustainability and the environment.

She said the preference in choosing a leader for a family-owned business would always be for family members, but “the biggest thing is to protect the business”

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Source: Practicenet