Dutch income growth slow

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No image availableNL Times

The Dutch paycheck will increase with an average of 2.3 percent next year, lagging behind the European average.The Hay Group consultancy already refers to 2014 as the year of "global wage delay." A study among 15 million employees from 22,000 companies worldwide, revealed wages will rise with an average of 5.2 percent, 0.3 percent lower than expected for this year.

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All over Europe wages will show a delayed increase in 2014; this year an increase of 3.3 percent average is expected, next year 3.1 percent.

Dutch employees can count on an average raise of 2.3 percent next year, which is only 0.1 percent less than in 2013, according to Hay Group.

It seems the Netherlands is lagging behind in comparison to the European average, but the numbers show the average is raised considerably by countries like Ukraine (7.9 percent), Russia (7.8 percent), and Turkey (7.7 percent).

Without those countries the average wage raise for Europe would be 2.6 percent, a lot closer to the Dutch number. Nevertheless, the Netherlands remains slightly behind the neighboring countries. Belgium will see their paychecks increase by 2.6 percent, and the average German will even enjoy a 3.0 percent raise next year.