We asked companies in financial services headquartered in and outside of Ireland about their current benefits packages and how they feel they measure against the current market and demands of the workforce. 65 companies shared their benchmarking practices and predictions for the future of employee benefits.

While most companies feel they are effectively aligned with the current market demands, there are noticeable gaps in certain areas.. For instance, many companies overlook life-stage benefits, such as childcare and family-friendly policies. In fact, none of the surveyed Irish headquarters offer childcare benefits to their employees. Given the rising costs of childcare and the growing trend of caregivers entering or considering re-joining the workforce, companies could gain a significant competitive edge by reassessing how benefits are structured to support employees at different life stages.

39% of companies headquartered outside of Ireland offer community benefits as part of their package. As social responsibility begins to increase within companies and employee’s wanting to be more involved in this within their workplaces, it may be a benefit worth considering. Also, 0% offer childcare and 46% offer disability insurance. With individuals seeking opportunities that align with their preferences, offering these benefits could help source the right candidates while also promoting retention within the company.