Dublin-based HRM Contract Resources, a specialist business division of the HRM Recruitment Group, has launched a comprehensive package of financial benefits for contractors working in the Emerald Isle.
The deal, offered in partnership with financial advisors, Slattery Jermyn, has been designed to match the types of benefits usually enjoyed by permanent employees, such as security and continuity, but with greater flexibility, according to the company.
As part of the service, contractors can access pensions from Scottish Provident, leasing services through the Bank of Scotland, life assurance provided by Irish Life, and personal banking with AIB Bank.
"This is a significant development for professionals who enjoy the flexibility of contract working, yet who seek the reassurance of a benefits package that is comparable to that of a permanent employee," comments Steve Green, general manager of the contract division. "Furthermore, because the package has been specially negotiated by us, contractors can enjoy significant cost reductions of up to 75 per cent."
Ireland, said to be the largest producer of IT software outside the US, is expanding rapidly and boasts a booming economy and high demand for quality contractors. "The market is still quite conservative but it's evolving and there are definitely not enough hardcore contractors to go around," says Green. "ITers with solid skills and commercial experience, particularly in the e-commerce sector, are finding plenty of opportunities here."
While admitting that Ireland is "not the cheapest place in the world to live", Green says contractors are earning good rates there and hopes that benefits packages, such as the one designed by HRM, will compensate for any tax burdens they might face.
The HRM Recruitment Group has offices in Dublin, Cork and Limerick.
This was first published in November 2000