Salaries are expected to rise 5% this year, with regions outside of Dublin set to see particularly strong growth, a new report shows.
The Cpl Salary guide 2022 for Ireland has found that Ireland is experiencing one of the strongest job markets in years.
Growth is reported across most sectors, with Technology, Life Sciences and Financial Services leading the way.
Cpl said that this growth has led to an unprecedented talent shortage, giving qualified candidates a stronger position when negotiating contracts, adding that the big focus this year is on benefits.
The guide found that 80% of employers see identifying talent attraction and retention as their greatest challenge as they find themselves offering more pay and benefits to lure, attract and retain qualified staff.
Wellness programmes and hybrid working are no longer considered benefits, but essential to securing talent, according to Cpl.
Sectors such as marketing, legal and office support are now offering expanded benefit packages including increased annual leave, with some multinationals offering unlimited annual leave.
An increasing number of technology clients are also allowing employees to work abroad for up to two months of the year.
Today's guide examines the changes as industries such as technology, financial services and marketing - traditionally seen as Dublin-centric - begin to adopt hybrid working as standard.
Ccompanies are now looking further afield for qualified talent and are not geographically bound to a talent pool within commuting distance of the office.
Job seekers outside of the Dublin region can now compete for roles that were previously based too far from home.
Cpl chief executive Lorna Conn said that employees are looking beyond salaries when looking for a new job.
"Work-life balance, more annual leave days and hybrid working are dominating the how we work discussion," Ms Conn said.
"Getting ahead of the curve and winning the battle for talent is going to require innovative thinking that goes beyond salary increases and extra benefits. A company's reputation, sustainability credentials and future prospects will all feature heavily in candidates' minds," she added.