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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 main exports from the Netherlands are machinery and transport equipment, mineral fuels, food, clothing and footwear, and pharmaceuticals
11.91% of the population is between the ages of 15 and 24 years, with 38.47% of the population being between the ages of 25 and 54. The Netherlands has a youthful population, making it a favorable country to employ young, energetic employees

Population size

17593030

GDP

$1,154B

Inflation level

0.01

Average earning + minimum wage
Overview of the labour law

Employment law in the Netherlands is governed by statutory regulations codified in the Dutch Civil Code. Collective Labour Agreements (Dutch Collectieve arbeidsovereenkomst, CAO) in certain business sectors and internal regulations (if applicable) also play a role
Employment law provides strong labor conditions and protections for employees, so employing people will generally be an important investment and commitment
Temporary agencies are often used to provide more flexibility

Employment Details

Number of Public Holidays

7

Working Hours

Maximum of 55 hours per week over a 4 month period Minimum of 30-minute meal interval after 5,5 hours of work Typical working hours start at 09h00 and end at 17h30, Monday to Friday

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

The terms of the overtime hours and payment are stipulated in the employment contract

Notice Period

Employed between 0 and 5 years- 2 weeks notice Employed between 5 and 15 years- 3 weeks notice Employed for 15 or more years- 4 weeks notice

Probation Period

There is no statutory probation periodEmployees can expect a probation period of a maximum of 2 months for permanent contracts and 1 month for fixed term contracts.

Severance Pay

1/3 monthly salary per entire year of employment

Employee Income tax

Income Tax is Pay As You Earn

Income bracket per annum

0.00 - 35,129.00 9.45%

35,130.00 - 68,507.00 37.10%

68,508.00 or more 49.50%

Employer Social cost
Employee Social cost

Benefit packages

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

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