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minimum wage
Visma Raet
Fred Asbroek
hourly minimum wage
Saturday, 8 June 2024 - 07:15

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Minimum wage workers should see pay increase up to 3.1 percent from July 1

Workers who are paid the hourly minimum wage will see their pay increase by close to 3.1 percent starting next month. Other workers who receive the minimum wage based on guaranteed weekly hours should earn about 2 percent more net, according to HR service provider Visma Raet.

The gross minimum hourly wage will increase from 13.27 euros to 13.68 euros. There were plans to increase this further, but the Senate voted it down in April.

Although the larger increase will not take place, the increase from July 1 will still be relatively large, according to Visma Raet. Over the past four years, the minimum wage has risen less rapidly during the semi-annual adjustment.

Other workers who earn the minimum wage will gain at least 38.13 euros net monthly from July 1. That is almost 1.9 percent more than the current minimum wage.

People who earn the minimum salary and work 40 hours a week will see an even better improvement. They will soon receive an additional 43.32 euros net, an increase of just over 2 percent.

Workers who work 38 hours a week will receive a 39.76 euro higher wage in their bank account. That is over 1.9 percent more than current figures. Those who work 36 hours a week receive 38.13 euros more money or just under 1.9 percent.

Those working more hours on contract will see more improved totals because, since January, they have been working with a gross minimum hourly wage and no longer under the full-time minimum salary scheme, which guaranteed the same minimum pay regardless of whether someone worked 36, 38, or 40 hours.

“Because employees with a 40-hour contract work more hours than those with a 36-hour contract, their gross salary increases faster,” according to legislative and regulatory manager Fred Asbroek at Visma Raet.

Reporting by ANP and NL Times

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