Remuneration

In the Netherlands, it is common for employees to receive benefits in kind such as: company cars, computer equipment, meals and mobile telephones …

Please login to view this content or become a member by joining now.

Employers must provide their employees with payslips (loonstrook) in paper or in electronic form …

Please login to view this content or become a member by joining now.

The Act on the Remuneration Policy of Financial Undertakings entered into force in the Netherlands on February 7th 2015 …

Please login to view this content or become a member by joining now.

◉ Profit sharing schemes  The larger a company is, the more likely it is to offer a profit-sharing scheme …

Please login to view this content or become a member by joining now.

Wages in the Netherlands must be paid in euros, but may be paid partly in kind or set off (with the employee’s written permission) against a debt, such as the cost of renting company accommodation …

Please login to view this content or become a member by joining now.

Introduction Foreign companies are often confused about medical insurance obligations in the Netherlands and this can lead to penalties and added costs down the line …

Please login to view this content or become a member by joining now.

The Minimum Wage and Minimum Holiday Allowance Act requires that employees receive a holiday allowance of at least 8% of their annual gross salary from their employer …

Please login to view this content or become a member by joining now.

◉ Company cars Employees who use a company-owned car are entitled to a supplementary amount on their salary (addition) …

Please login to view this content or become a member by joining now.

As per the Child Care Act employers are required to make a contribution to the Dutch Tax and Customs Administration towards employee childcare costs …

Please login to view this content or become a member by joining now.

If an employee is entitled to a bonus payment, the terms of that payment should be set out in a separate contractual document drawn up at the time when it is first agreed …

Please login to view this content or become a member by joining now.

Minimum wage rates are protected by statute and national minima are reviewed twice each year, in January and June …

Please login to view this content or become a member by joining now.