How To Manage Annual Leave over Christmas
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How To Manage Annual Leave over Christmas
Learn how to effectively manage annual leave over Christmas while balancing legal requirements and employee satisfaction with our blog
Using Gift Cards for Christmas Bonuses: Small Benefits Exemption 2025 Update
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Essential Tips for Managing Payroll in Ireland Over Christmas
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Where should you start with achieving pay transparency?
Getting started with pay transparency means kicking things off with clear and open communication about your reward policies. While many companies are already diving into this, there’s still plenty of room for improvement. Our research shows that fewer than two-thirds of employers are fully up-to-date on the legal rules around pay transparency, which should be the backbone of your approach. So, where does your company stand compared to the rest?
Why is pay transparency important?
Pay transparency is more than just a buzzword; it’s a critical component of a fair and equitable workplace. According to our research, promoting financial wellbeing (46%) and pay transparency (43%) are among the top challenges employers face on the reward front in Ireland. Despite these challenges, only 43% of employees in Ireland are satisfied with the transparency of their organisation’s reward policy, and 49% are satisfied with the communication about this policy and any changes to it.
How should employee benefits support well-being?
Surprisingly, 29% of employers in Ireland do not have or plan to offer any health and well-being benefits. This is a significant oversight, especially when 44% of employees are currently experiencing financial stress, a major contributor to overall mental health challenges.
How much should you spend on salary vs. employee benefits?
It’s a delicate balancing act: our research found that 50% of employers in Ireland are struggling to find the sweet spot between offering attractive rewards and keeping labour costs in check. With 51% of employers noting that total wage costs are on the rise and the average salary increase projected at 10% for the coming year, the pressure is on to manage budgets wisely
Why focus your reward strategy on employee retention?
An effective rewards strategy should be centrally aligned to the goals and ambitions of your wider organisation, through happy, considered, dedicated employees. In Ireland, 58% of employers surveyed believe their current reward policy positively impacts employee retention and motivation.