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Netherlands

All countries

Country Details

Currency

Euro (EUR)

Official language

Dutch

Capital

Amsterdam

Is English spoken?

Yes

Time Zone

GMT +1:00

Salary payment frequency

Monthly

General Overview & Economic Facts

Information

The Netherlands has a well-developed and diversified economy, with key sectors including technology, manufacturing, energy, and services. The country is known for its strong labor market and high standard of living.

Population size

17,500,000

GDP

$1T

Inflation level

4.40%

Average earning + minimum wage

Average monthly salary: €3,500 (~USD 3,750); Minimum wage: €1,756 per month (for employees 21 years and older)

Overview of the labour law

Dutch labor law is governed by the Civil Code, which covers employment contracts, working conditions, termination procedures, and employee rights. Employees are entitled to various benefits, such as paid vacation, sick leave, and parental leave.

Employment Details

Number of Public Holidays

9 public holidays annually

Working Hours

Standard working hours are 8 hours per day and 40 hours per week; flexible working hours are common.

Benefits
  • Health Insurance
  • Vision Insurance
  • Dental Insurance
  • Pension or 401(K)
  • Mental Health Support
  • Life and Disability Insurance
Overtime

Overtime is compensated at 1.25 times the regular hourly rate for work on regular days, and up to 2 times for work on holidays. Overtime is typically agreed upon by employers and employees.

Notice Period

Notice periods vary from 1 month to 3 months, depending on the length of service and employment contract.

Probation Period

Probation period is typically 1 to 2 months, though this can vary by employer.

Severance Pay

Severance pay is based on length of service: 1 month’s salary for employees with 5 years of service; up to 6 months’ salary for employees with 20+ years of service.

Employee Income tax

Income tax rates are progressive, ranging from 9.45% to 49.5% based on income brackets.

Employer Social cost

Employers contribute 18.2% of the employee's salary to social security (pension, unemployment insurance, and health insurance).

Employee Social cost

Employees contribute 27.65% of their salary to social security (pension, health insurance).

Benefit packages

Health Insurance
Vision Insurance
Dental Insurance
Pension or 401(K)
Mental Health Support
Life and Disability Insurance

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