Jacquie White from the UTU said that the lack of progress on pay was causing "grave concern."
“For too long the profession here seems to have been downgraded," she said.
"Indeed it took years of campaigning and eventually strike action before our teachers received a pay deal which put them in line with their colleagues in GB."
Pauline Buchanan from the NEU said that teachers had found "themselves once again as the lowest paid members of the profession across these islands".
The Department of Education (DE) received an additional £171m in the recent Executive monitoring round in which money is re-allocated to departments.
At almost £3bn, education has Stormont's second biggest departmental budget behind Health.
But officials from the department recently told MLAs that they were facing a gap of £190m to pay for "inescapable pressures," including the rising costs of running schools, supporting pupils with special educational needs (SEN) and funding a pay deal for teachers.