All About Offering Employee Benefits in Ireland
Hire the best talent in Ireland with the information you need to offer a competitive benefits package and stay compliant.
Required Benefits in Ireland
Competitive benefits and compensation packages can help you attract top talent and stay compliant when hiring in Ireland. Justworks EOR offers guidance so you can get access to great localized benefits and offer attractive perks. Let's explore the benefits employers should provide.
Retirement Benefits
All companies are required to offer a Personal Retirement Savings Account (PRSA) unless they are currently offering an occupational pension scheme. Employers are not required to match contributions.
Pay-Related Social Insurance
In Ireland, Pay-Related Social Insurance (PRSI) is a system of state-sponsored benefits funded by payroll contributions deducted from employees' wages by employers. These contributions support benefits like unemployment payments, maternity leave, illness benefits, and pensions.
Time Off
Irish employees are entitled to at least 20 paid days of vacation time as long as they’ve worked a certain amount of hours. Other recognized and protected leave includes public holidays, maternity and paternity leave, parental leave, adoption leave, force majeure leave, and carer’s leave.
Offer Competitive Benefits
A great employee benefits package can help employers attract the best Irish talent. Here are additional benefits to consider offering for a happier and healthier team.
Employer-Sponsored Health Insurance
Supplemental private health insurance is one of the most common added benefits expected by employees. Employers may offer plans for medical, dental, vision, and outpatient care.
Occupational Pensions
Some companies in Ireland choose to offer employer-sponsored pension plans called occupational pension plans. Unlike PRSA, both employers and employees contribute. Employees can transfer these funds to a PRSA or a new employer’s occupational pension plan if they switch jobs.
Life Insurance
Many employers will offer life insurance, which benefits employees’ dependents' and spouses' funds in the case of death. The amount usually equals four times the base salary, depending on the sector.
Remote Work Stipends
Employers with remote workers or considering allowing flexible or remote work may want to offer home office stipends or reimbursement. Providing a stipend for Internet, electricity, or phone costs can offset the cost of working at home while giving employees more flexibility over their work schedule.
Perks
Some employers offer additional perks to help employees maintain a healthy balanced lifestyle or further their careers. These include flexible hours, professional development funds, birthday paid time off, volunteering days, fitness benefits, meal expenses, and mental health stipends.
Ready to Offer Benefits in Ireland?
Justworks EOR makes building your global team seamless by helping you access localized benefits to attract top talent in Ireland. Simplify international hiring today.
