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Italy has recently been highlighted as one of the least favorable countries for work.
The average salaries rank among the lowest in the OECD region, and the inflation seen in recent years has resulted in an increased cost of living.
This situation has led to a significant loss of purchasing power for Italian workers.
In contrast, there are other countries where the purchasing power is notably higher, aided by more favorable taxation systems.
This means that workers in those countries can afford more goods and services compared to their counterparts in Italy.
Among European nations boasting the highest purchasing power, Honorable mentions go to Norway, Luxembourg, and Ireland, as per data from WorldData.info.
Our focus will be on Ireland, a popular destination for many young Italians seeking job opportunities abroad.
The Irish work environment is often perceived as a dream, where the average weekly salary approaches 1,000 euros, with a minimum wage around 500 euros weekly, and a lower tax burden.
According to Eurostat, Ireland’s average salary significantly surpasses the European average.
By the end of 2023, the weekly average salary was just below 1,000 euros, approximately 921 euros, translating to 3,700-3,800 euros gross per month.
Even those in less lucrative jobs find solace in a minimum wage that guarantees 500 euros a week.
High-paying jobs abound in sectors like logistics, starting at 32,000 euros annually, and in technology, where IT specialists can command up to 150,000 euros per year.
The finance sector also offers attractive salaries, starting at 34,000 euros for analysts, potentially exceeding 180,000 euros.
While it’s true that the cost of living in Ireland is higher than in Italy, the substantial salaries ensure a better purchasing power overall.
According to WorldData.info, the Irish purchasing power is about 47% higher than that of Italy.
This means that individuals working in Ireland can afford more goods and services, making it easier to sustain oneself.
The relatively low tax rates contribute significantly to this situation.
Workers in Ireland face a 20% tax rate on income up to 42,000 euros, rising to 40% on higher amounts, along with additional benefits for married couples.
In comparison, Italy assesses a 23% rate on the first 28,000 euros and 43% on higher incomes.
To find job opportunities in Ireland, one can visit the Eures portal, where multiple job listings are available prior to departure.
It’s essential to note that, as a member of the European Union, Ireland requires minimal documentation for relocation; a passport is not mandatory.
However, acquiring a Personal Public Service Number (PPS) is crucial as it’s required for employment and access to public services.
To obtain this, one must provide an identification document, proof of residence in Ireland, and a job contract.
Additionally, if planning to stay in Ireland for more than 90 days, registration with AIRE is also necessary.
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