Netherlands

Last Update by Katie, 06 Jun 2024

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Exchange Rate

13 Jun 2024

 

Cost of Living

Indicative value for a working adult in a city: Amsterdam

Publicly available data (Numbeo, etc..), verified by Marco’s in-country staff

Living Requirement Indicative Amount (EUR)
McDonalds Set Meal 13
Monthly Train and Bus Tickets 81
3 Bedrooms Rental (City Center) 3,356
3 Bedrooms Rental (Outskirt) 2,528

Current Inflation Rate

3.1%

Wage

Minimum Wages

  • Employees over 21: 13.27 EUR per hour as of 1st Jan 2024

Median Salary

Estimated based on general positions such as HR, Accounting, Admin roles, in tier one cities.

Job Level Monthly Salary (EUR)
Entry-Level
Fresh Graduate
2,500
Mid-Level
5 Years
3,500
Experienced & Managerial Level
10 Years
5,500
Specialized & Senior-Level
15 Years
6,500+

Annual Salary Growth

4.2%

Statutory Contribution

Except national insurance, the contribution base capping for other contributions is 71,628 EUR per year

Country Level

Type Employer Rates Employee Rates Notes
Invalidity Insurance (WAO) 5.49% (small companies)
7.11% (large companies
- All staff
Unemployment Fund (WW) 2.64% (open-ended contracts)
7.64% (fixed-term contracts)
- All staff
Healthcare Insurance (ZVW) 6.57% - All staff
Work Resumption Fund (WHK) 0.21%-3.36% (depends on sector/company size) - All staff
Sickness Benefit Insurance Premium (WHK-ZW) 0.16% - All staff
Childcare Premium (AKW) 0.50% - Staff with children
National Insurance 15.7% for payrolling companies 27.65%
(AOW:17.9%, ANW:0.10% + WLZ: 9.65%)
All staff on a permanent contract
Vacation Allowance 8%
(one-time payment in May)
- All staff

Other Benefit

Other common employment benefits in Netherlands include:

  • Commuting Subsidy: 0.23 EUR per kilometer
  • Tax-Free Work from Home Allowance: Around 2.35 EUR per day
  • Health Insurance Compensation: Around 210 EUR per month
  • 13th salary payment is customary (in November/ December)
  • Work from Home Allowance: 2.35 EUR per day

Income Tax

Residents

  • Tax period: 1st January – 31 December
    Filing start date: 1st May
  • Tax brackets apply to staff who have not reached state pension age (67 years old)

Country Level

Taxable Income Rate
up to 75,518 36.97%
Over 75,518 49.50%

Non-residents

  • Same tax rate as residents.

Working Hours

Statutory

40 hours
8 hours a day, 5 days a week

Typical practice

40 hours
Monday - Friday

Overtime

There is no legislation on overtime compensation. Overtime pay and rates are determined in the employment contract

Employment Contract

Permanent

Probation

2 months

Termination

  • Notice during probation:
    - No notice
  • Notice after probation:
    - Under; 6 months’ service: no notice
    - Over 5 years’ service: 1 month
    - 5-10 years’ service: 2 months
    - 10-15 years’ service: 3 months
    - 10+ years’ service: 4 months
  • Severance:
    - 1/3 of monthly salary * years of service from the start date and holiday, bonuses, commission in the last 12 months.
    - Maximum compensation of 89,000 Gross- If a staff member's salary is higher: 1 year’s salary

Public Holiday

8 days
Public holidays that fall on weekends are lost

Country Level

Date Name
01 Jan New Year's Day
29 Mar Good Friday
31 Mar - 01 Apr Easter Sunday & Monday
27 Apr King's Day
05 May Liberation Day
09 May Ascension Day
19 May - 20 May Whit Sunday & Monday
25 Dec - 26 Dec Christmas Day & Boxing Day

Leave

Leave Type Entitlement Notes
Annual Leave 20 working days Staff working 4 days per week
Pregnancy Leave
Maternity Leave
16 weeks
4-6 weeks before birth, 10 weeks after
Expectant mothers
Paternity/Partner Leave 6 weeks Parents and partners of children
Parental Leave 26 weeks Parents time off for childcare
Adoption/ Foster Care Leave 6 weeks Parents who adopt/foster a child
Emergency Leave 1 day (on the day of child birth) Staff giving birth
Care Leave (Short-Term)
Care Leave (Long-Term)
2 -6 weeks max Staff caring for sick relatives
Sick Leave up to 2 years All staff for sick leave for organ donation, pregnancy or childbirth

Reference

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