The number one employee benefit people in Ireland care about is private health insurance. Health and wellbeing is considered the most important benefit due to increasing lifestyle pressures such as 24/7 email access, increased travel requirements and working overtime.
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When asked to rank three other common benefits in order of importance, the average Irish employee will respond with: Pensions, Sick Leave and Education.
There is fierce competition for talent and so to help recruit and retain employees, competitive employee benefits packages often will include gym memberships and child care, particularly in the IT industry.
Average Cost For Employer Sponsored Benefits
An average salary in Ireland is 25,000UKP per year, with an average employee benefits package costing about 20% of this amount.
Attraction and retention of employees is important in Northern Ireland. Before entering the market, benchmarking is definitely advisable.
Previously heavy industry was predominant in Northern Ireland, it is now services which account for 70% of economic output and 78% of employees.