Whether you're relocating to Ireland or moving back, comparing your salary like for like can be tricky. How do you gauge your salary after tax and expenses?
Ireland is a great choice. We have a booming economy and a real shortage of available candidates in many specialist areas such as IT, engineering and science. We are an attractive destination with our culture, lifestyle and craic.
A high consideration many job seekers have is whether Ireland can offer a good salary and quality of life in comparison compared to their existing situation. In most cases the answer is yes.
While you can review many salary guides it can be tough to gauge what that means at the end of each month when taxes are deducted, and expenses are paid. Comparing like for like can be tricky.
Here are some simple steps to help you understand cost of living in Ireland and the remuneration you should be seeking.
1. Find a starting point
Do your research on the average salary for your role. Check out our well-known Salary Guide and speak with a specialist consultant. Salaries can vary depending on your level of experience, industry or even specialism within a certain area.
For example, as an ERP recruitment specialist I can advise you that a SAP QM functional consultant has a much higher billing power than a SAP FICO consultant.
2. Learn about tax in Ireland
In Ireland, like many places, our government set out a yearly budget laying out employee tax rates. You can review the tax rates, exemptions and reliefs here. These can change slightly from year to year so it is best to use a tax calculator. There are many tools available online. The main two I use are:
3. Cost of housing
The cost and availability of housing can vary from county to county in Ireland. Do your research on websites like myhome.ie, daft.ie, property.ie, rent.ie. Never pay a deposit before viewing a property. AirBnB is great for short-term stays while you look for more long term accommodation.
4. Cost of living
Like housing, the cost of living also varies amongst counties. Use the Internet to research cost of living. There are comparison tools available like Numbeo that will help you in this task.
5. Additional benefits
Many Irish employers offer additional benefits such as health care, educational assistance, relocation assistance. When working with a specialist recruitment consultant you will be advised of these from the outset. When applying directly to a company I would advise you to ask about these at the interview stage, before you state your salary expectation and factor these into your expectations.
Ireland is a great place to live with a welcoming vibe, vibrant cities, beautiful countryside alongside a strong economy, opportunities for career progression, top universities and the opportunity to work with global organisations such as Apple, Microsoft, Aptiv, Delphi, Dell, Facebook, TrendMicro, LinkedIn and Morgan McKinley.
Reach out to one of our recruitment consultants today to discuss opportunities for you to find your next role in Ireland.