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Minimum wage in the Netherlands
From 1 January 2024, the legal minimum wage for workers aged 21 and over will rise by 3.75% to €13.27 per hour. On this date, the statutory minimum hourly wage will be introduced and the fixed minimum monthly, weekly and daily wages will disappear. From then on, employers will be obliged by law to pay their hourly employees in the Netherlands at least the statutory minimum hourly wage. Minimum wage amounts are usually adjusted every six months (in January and July) to reflect the average development of wages in the Netherlands.
>> Check our informative page on the Netherlands for the most up-to-date information
Please note that if a Collective Labour Agreement (CAO) applies to the employment relationship between the employer and the employee in the Netherlands, the minimum wage to which the employee is entitled may be higher than the statutory minimum wage! A CAO may also have consequences for the number of working hours per week and other terms and conditions of employment.
what should you do as an employer?
As an employer, make sure you are well prepared for the changes that will apply from January 2024. Especially if your employees currently earn the minimum monthly wage, the switch to a minimum hourly wage can have quite a few consequences. For instance, for employees working more than 36 hours a week, it will lead to a wage increase that could be a lot higher than 3.75%, as the level of the statutory minimum hourly wage will be derived from the current minimum monthly wage for full-time employment of 36 hours.
The Ministry of Social Affairs and Employment (SZW) has prepared a knowledge document to assist.
>> Click here to open the Knowledge document (in Dutch)
Do you have any questions after reading this document? Then please feel free to contact Interfisc, we will be happy to help you further.
>> Click to open our contact form
An International comparison of the minimum wage in our neighbouring countries
In the Netherlands and most neighbouring countries, the minimum wage is set by law. However, there are also differences and exceptions. We have made a comparison of the legal minimum wages in Europe for you.
>> Read more in our article ‘Did you know that not every EU country has a legal minimum wage?’
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Since 1972, Interfisc has offered international HR & Payroll solutions in the Netherlands, Belgium, Germany, France, the United Kingdom, and Italy. We do this from our offices in the Netherlands and Belgium, and with an international team of around 45 committed and caring employees.
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