Associate Product Manager Salary in Dublin

Answers to everyting you want to know about Associate Product Manager salaries in Dublin, Ireland

What is the average salary for Associate Product Manager in Dublin?

The average base salary for an Associate Product Manager in Dublin is €48K per year or €4000 per month, based on data from various salary surveys. This does not include performance, incentives or bonuses, and the total package may be higher as seen in surveys.

Salary trends for Associate Product Manager in Dublin

The salary trends for Associate Product Manager in Dublin have seen an upward trend in the last five years with an average increase of 10% per year. This growth is expected to continue in the next five years with an estimated annual increase of 8%. The current average salary for this role is €45,000 per year.

Salary negotiation for Associate Product Manager in Dublin

Employers consider several factors when negotiating salary for Associate Product Manager, including experience, skills, education, industry knowledge, and performance. Other factors may include the employer’s budget and the economic condition of the industry. It's also essential to research the average salary for this role in Dublin before starting salary negotiations.

Gender pay gap for Associate Product Manager in Dublin

The gender pay gap for Associate Product Manager in Dublin is 8%, with male professionals earning more than female counterparts in this role. Some companies that are addressing this gap for this job role include offering training programs to women for career development, providing equal pay to all employees in similar roles, and promoting diversity and inclusion in the workplace.

Cost of living adjustment for Associate Product Manager in Dublin

The cost of living index in Dublin is 159% higher than the national average. Companies do adjust salary for this to attract and retain employees in highly competitive industries. The cost of housing, transportation, and food is relatively high in the city, and these factors can impact the employee's quality of life.

Performance-based pay for Associate Product Manager in Dublin

Performance-based pay for Associate Product Manager in Dublin is common, and employers usually use a combination of factors like experience, skills, education, industry knowledge, and performance metrics to determine performance-based pay. High-performing employees may receive promotions or salary increases, while poor-performing employees may receive no pay increases or even demotions.

Incentive pay for Associate Product Manager in Dublin

Incentive pay for Associate Product Manager in Dublin is offered to high-performing employees as a reward for achieving specific business objectives or targets. These incentives may include bonuses, stock options, or profit-sharing plans. It's an excellent way to motivate employees and align their goals with the company's objectives.

Salary surveys results for Associate Product Manager in Dublin

According to recent salary surveys, the average salary range for Associate Product Managers in Dublin is €35,000 to €60,000 per year. The salary range depends on experience, skills, education, industry, and performance. The surveys show that there is an upward trend in the salaries for this role.

Benefits packages for Associate Product Manager in Dublin

Benefits packages for Associate Product Manager in Dublin may include health insurance, retirement plans, paid time off, sick leave, life insurance, or disability benefits. Companies may offer these packages to attract top talent and retain employees. The benefits packages may vary depending on the company.

Bonus structure for Associate Product Manager in Dublin

The bonus structure for Associate Product Manager in Dublin varies depending on the employer but may include performance-based bonuses, profit-sharing, or sign-on bonuses. The bonus structure may be tied to specific objectives or targets, or it may be discretionary. It's an excellent way to reward high-performing employees.

Commission-based pay for Associate Product Manager in Dublin

Commission-based pay for Associate Product Manager in Dublin may be offered to sales-oriented roles like business development or account management. The commission may be based on sales targets achieved, revenue generated, or customer retention rates. The commission-based pay may vary depending on the employer and the role.

Overtime pay for Associate Product Manager in Dublin

Overtime pay for Associate Product Managers in Dublin may vary depending on the employment contract. According to the Irish Labour Law, overtime pay should be at least 1.5 times the regular hourly rate. As per the average salary for Associate Product Manager in Dublin, which is €45,000-€65,000 per year, the overtime pay would be around €27.64-€39.7 per hour.

Salary transparency for Associate Product Manager in Dublin

There is no legal requirement for salary transparency in Ireland, and it's up to the company's policies to disclose information about employee's salaries. However, according to a survey conducted by an independent organization, around 35% of companies in Ireland share salary information with employees. The survey also found that companies that practice salary transparency tend to have better employee morale and retention rates.

Employee retention rate and salary for Associate Product Manager in Dublin

The average employee retention rate for Associate Product Managers in Dublin is around 2-3 years. However, higher salaries and better employee benefits can significantly impact retention rates. According to a report by a recruitment agency, companies in Dublin that offer higher salaries and benefits (such as health insurance and bonuses) have a retention rate of 68% compared to those that offer low salaries and benefits with a retention rate of 25%.

Salary expectations in different industries for Associate Product Manager in Dublin

The average salary for Associate Product Managers in Dublin may vary based on the industry. For example, those in the manufacturing industry may receive a lower salary of €40,000-€55,000 per year, while those in the financial services industry may receive a higher salary of €55,000-€75,000 per year. Similarly, those in the technology industry can expect a salary range of €60,000-€85,000 per year.

Salary for specific job titles for Associate Product Manager in Dublin

Different job titles for Associate Product Managers in Dublin may impact their salaries. For example, those with the title of Junior Associate Product Manager may have a lower salary range of €35,000-€45,000 per year, while those with the title of Senior Associate Product Manager may have a higher salary range of €70,000-€90,000 per year. Similarly, those with the title of Product Marketing Manager may have a salary range of €55,000-€75,000 per year.

Salary comparison across different countries or regions in the same country for Associate Product Manager in Dublin

Salaries for Associate Product Managers may vary depending on the region or country. For instance, those in other European cities like Paris or London have higher salaries than in Dublin. In Dublin, salaries for Associate Product Managers are also higher in the tech hub of Silicon Docks, with a salary range of €60,000-€85,000 per year. On the other hand, those in other regions like Cork may receive a lower salary range of €40,000-€55,000 per year.

How much tax does an Associate Product Manager in Dublin Pay?

Tax System in Country

In Ireland, a progressive tax system is used. This means that as your income increases, you move up into higher tax brackets and pay a higher percentage of your income in taxes.

Breakdown of Income Tax Paid by Income Brackets

For an Associate Product Manager earning a salary of €48K, the breakdown of income tax paid by income brackets is as follows:

- Income up to €35,300: 20% tax rate

- Income from €35,301 to €70,045: 40% tax rate

- Income over €70,045: 40% tax rate

Based on this, the yearly income tax paid would be:

- €7,060 for income up to €35,300

- €5,318 for income from €35,301 to €48,000 (because the first €35,300 is taxed at 20% and the remaining €12,700 is taxed at 40%)

- Total yearly income tax paid: €12,378

The monthly income tax paid would be:

- €588 for income up to €35,300

- €444 for income from €35,301 to €48,000

- Total monthly income tax paid: €1,032

It's worth noting that there are some exemptions and allowances that can reduce the amount of income tax paid, such as the standard rate cut-off point, which is currently €35,300 for single individuals.

Other Types of Taxes

In addition to income tax, social insurance contributions are also deducted from wages in Ireland. For an Associate Product Manager earning a salary of €48K, the breakdown of social insurance contributions paid by income brackets is as follows:

- Income up to €38,000: 4% social insurance rate

- Income over €38,000: 10% social insurance rate

Based on this, the yearly social insurance contributions paid would be:

- €1,120 for income up to €38,000

- €1,600 for income from €38,000 to €48,000 (because the first €38,000 is taxed at 4% and the remaining €10,000 is taxed at 10%)

- Total yearly social insurance contributions paid: €2,720

The monthly social insurance contributions paid would be:

- €93 for income up to €38,000

- €133 for income from €38,000 to €48,000

- Total monthly social insurance contributions paid: €226

Total Tax Deducted

The total tax deducted for an Associate Product Manager earning a salary of €48K would be the sum of the income tax and social insurance contributions paid. Therefore, the yearly total tax deducted would be €15,098 and the monthly total tax deducted would be €1,258.

Net Take Home Pay

To calculate the net take home pay, we need to subtract the total tax deducted from the gross salary. Therefore, the net take home pay for an Associate Product Manager earning a salary of €48K would be:

- Yearly: €32,902

- Monthly: €2,742

Other Considerations

Other considerations that may affect the tax rate include tax credits, which can reduce the amount of tax paid, and pension contributions, which can also reduce taxable income. It's important to consult a tax professional to determine individual tax liabilities and consider any tax planning opportunities.