Budget 2019: Employer implications
CIPD Ireland is pleased to provide the highlights of Budget 2019, from an employment perspective
New paid parental leave will be introduced in November 2019, a welcome first step to give parents access to paid leave that is not gender specific.
While number of changes centre on easing the tax burden facing low and middle income earners, unfortunately there was no major measure to address the affordability of child care. Increases in social welfare payments are welcome, which will result in small savings by employers which make top-up payments.With an emphasis on housing, there is no indication of any immediate relief to the difficulties in attracting talent to Ireland. Set in the context of Brexit, the education and training investment and the success of the new Human Capital initiative will be dependent on strong engagement with business and employers, and a capacity for flexible responses to labour market requirements.
While CIPD welcomes many of these initiatives, the fragmented nature of Budget 2019 means that it may be hard to see overall labour market improvements, and much of the success will depend on successful collaboration and implementation
The article below covers:
- The context for Budget 2019, including housing and health
- Paid parental leave and social welfare increases
- Income tax and minimum wage changes
- Labour market, education and changes to the National Training Fund Levy
- Business supports, with a priority on Brexit
- Public service pay