Payroll & Reward
Discover how payroll and reward strategies are evolving to improve accuracy, fairness and employee engagement in Ireland and across Europe. From multi-country payroll integration to transparent, data-driven reward frameworks, see how pay can become a driver of retention and employee experience.
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.
What employee benefits should you offer?
When it comes to the rewards employers currently offer, we see a mix of both classic and trending benefit types. Key employee benefits include fixed salaries (received by72% of employees in Ireland), flexible working hours (56%), and study/training days (46%). Additionally, benefits like gifts for special occasions (32%), meal vouchers or allowances (23%), and health and wellness programs (42 %) are also commonplace.
Reward Strategy Checklist
Ready to design a reward package that truly motivates your team? Our simple checklist walks you through each step – from idea generation and market research to customising benefits and ensuring compliance. Follow the steps to efficiently build a strategy that aligns with your company’s goals and meets your employees’ needs.
Reward Strategy Guide
Unlock the potential of your rewards program with our detailed step-by-step guide. Designed to offer clear and actionable instructions, this guide will help you navigate each phase with confidence and achieve your goals effectively.
The Ultimate SME Guide to Payroll Outsourcing in Ireland
Download "The Ultimate SME Guide to Outsourcing Your Payroll in Ireland" for expert insights on streamlining payroll, ensuring compliance, and reducing admin burdens. Unlock practical advice to simplify your business operations today.
Payroll Software Integration: Insights from the Payroll Navigator
Understand how integrating payroll software can provide your business with a simpler set up and a system built for the future.
Key Changes in Budget 2025 for Payroll Professionals
The Irish Budget 2025, presented by Minister Jack Chambers, introduces significant changes that will impact payroll professionals and employers. Key updates include a reduction in the Universal Social Charge (USC), an increased tax threshold for higher earners, and a €0.80 per hour rise in the national minimum wage.
No Tricks, Just Treats: The Benefits of Cloud-Based Payroll Solutions
Cloud-based payroll offers a scalable, secure, and flexible solution to common payroll challenges. Say goodbye to manual errors, compliance headaches, and outdated software with real-time updates, cost-effective plans, and easy data access. Enjoy the sweet benefits of streamlined payroll management with cloud technology, ensuring your business stays efficient and compliant without the stress.
What matters most to employees regarding payroll?
Irish payroll challenges are impacting employee satisfaction, with only 34% feeling compensated for inflation and 21% experiencing late payments multiple times in the past year. Payroll errors lead to financial stress, eroding trust and contributing to turnover. Accurate, timely payroll is essential for retention, engagement, and employee well-being.