If you are a business owner or an employer, you have probably heard of the term “Registered Employment Agreement (REA).” Simply put, REA is a collective agreement between an employer and their employees that outlines their terms of employment, including wages, benefits, and job security.
However, in Ireland, the REA has been replaced by the “Registered Employment Agreement (REA) Compliant Employment Agreement,” more commonly known as the RERA. This new agreement still aims to provide protection and security for workers, but it has several crucial differences from the old REA.
Firstly, the RERA is voluntary for both employers and employees. Both parties must agree to enter into this agreement, and it is not mandatory. This change was made to comply with the EU`s stance on freedom of association and collective bargaining.
Secondly, the RERA is only applicable to certain industries, such as construction, electrical, and mechanical services. Any other industry is not required to enter into a RERA agreement.
So, why should you as an employer consider entering into a RERA agreement? Firstly, it can help maintain good relationships with your employees. Employees who feel valued and secure in their jobs are more likely to be motivated, productive, and loyal to their employer.
Secondly, the RERA can help mitigate the risk of disputes and litigation. By agreeing to specific terms and conditions, both parties can avoid any misunderstandings or disagreements that may arise in the future.
Finally, entering into a RERA agreement can be beneficial from an SEO perspective. As a business owner, you want your company to appear as a reputable and responsible employer in search engine rankings. By being RERA compliant, you can demonstrate your commitment to fair and equitable employment practices, which can positively impact your online reputation.
In conclusion, the Registered Employment Agreement (REA) Compliant Employment Agreement (RERA) is the new collective agreement for certain industries in Ireland. While it is voluntary, entering into a RERA agreement can bring several benefits, including maintaining good relationships with employees, mitigating the risk of disputes, and improving SEO rankings. If you are an employer in Ireland, it is worth considering becoming RERA compliant.