Berkley Salary Guide 2023.pdf

prosperity-salary-survey-2023.pdf

Archer-Recruitment-Ireland-Salary-Survey-April-2023.pdf

ireland-salary-guide-2023.pdf

Job Market Overview

The Irish labour market is vibrant, marked by a diverse talent base and a resilient push towards development. In 2022 alone, over 1.2 million vacancies were opened, of which more than 1.1 million were filled throughout the year.

In 2021, the country displayed a significant economic recovery, credited in part to its emphasis on foreign trade and keen sense of global market trends. By year’s end, the employment figures had topped 2.5 million, surpassing numbers before the pandemic.

This progress has led to a significant drop in unemployment, with a rate dipping below 7%, compared to its peak at 32% in the previous year. Particularly among young workers, the rate settled around 10%, mirroring pre-pandemic stability. The trend remained positive, currently standing at 3%.

In light of this, the current trajectory of the market further points to its ability to rebound after significant setbacks.

Job Benefits: Mandatory & Common Optional Benefits

Ireland has robust labour laws that ensure employees receive certain mandatory benefits as part of their employment contracts. These include:

• Mandatory benefits:
  • Pay: Employers must ensure at least the national minimum wage, which is periodically updated.
  • Annual Leave: 4 weeks’ paid annual leave (20 working days), with pro-rata for part-timers.
  • Public Holidays: Paid leave on 9 public holidays; workdays offer pay or an extra day off.
  • Sick Leave: Typically includes sick pay, or access Illness Benefit from government.
  • Parental Leave: Up to 26 weeks’ unpaid leave per child under 12 (or 16 for a disabled child).
  • Maternity and Paternity Leave: 26 weeks’ paid maternity leave, plus 2 weeks’ paid paternity leave.
• Common optional benefits:
  • Health Insurance: Many extend health coverage as an optional benefit, granting private healthcare access.
  • Pension Plans: Some offer pension schemes for retirement saving, with auto-enrollment becoming common.
  • Life and Disability Insurance: Possible provision of coverage for employee and family financial protection.
  • Flexible Working Arrangements: Choices like remote work, flexible hours, and compressed weeks can boost work-life balance.
  • Professional Development: Opportunities for skill growth, training, and education to enhance career paths.
  • Gym Memberships and Wellness Programs: Benefits like gym access and wellness initiatives for employee well-being.
  • Stock Options and Bonuses: In select fields, there might be stock options and performance-based rewards.
  • Transport Allowance: Assistance for commuting expenses via allowances or subsidies.

Remote Work

In recent years, Ireland has embraced remote work, and the trend accelerated during the COVID-19 pandemic. Prior to the pandemic, about 29% of the workforce engaged in occasional remote work. By the end of 2022, over 60% of employees (around 1.7 million) were working from home at least occasionally, with a substantial number primarily working remotely.

To support the growing importance of remote work, the Irish government introduced legislation granting employees the right to request adjustments to their working hours and workplace after six months of employment. Employers are now obliged to consider these requests, with only limited grounds for refusal, showcasing Ireland’s commitment to promoting flexible work arrangements and meeting the changing needs of its workforce.