December 23, 2024

Ireland's 2025 Wage Update: What You Need to Know

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Ireland's New Wage Landscape in 2025

As Ireland steps into 2025, significant updates to wage benchmarks are reshaping the pay rate expectations. For business owners, staying informed about these changes is essential for making smart decisions around compensation and budgeting.

What Are the 2025 Wage Updates?

The new year brings two important wage benchmarks to consider. First, notable adjustments in Ireland's national minimum wage. Here's the complete breakdown:

  • Age 20 and above: €13.50 per hour
  • Age 19: €12.15 per hour
  • Age 18: €10.80 per hour

But there's more to the story. The Living Wage Technical Group has set €14.75 as the recommended hourly living wage - a figure that represents what experts consider necessary for a reasonable standard of living in today's Ireland.

Why These Numbers Matter to Your Business

As the gig economy grows, freelancers and contractors often look to these figures as a baseline for fair compensation. This means businesses may face rising pay expectations from both full-time employees and gig workers.

To remain competitive in attracting top talent, consider:

  • Reviewing your current pay rates to align with market trends
  • Adjusting wages to stand out as an employer of choice
  • Factoring these benchmarks into your budgeting and forecasting

Have questions about adapting to these changes? The Gigable team is ready to help you navigate the shifting wage landscape.

Note: For the most current official information, always refer to the Department of Enterprise, Trade and Employment website.

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