Employees in the Netherlands are required by law to receive at least 8% of their salary as holiday allowance. This also applies to employees with a zero-hours contract. The minimum rate for temporary workers is 8.33%. Holiday allowance is calculated based on the gross salary of the previous year, including overtime and commission, and is.. Holiday allowance is a mandatory financial benefit in the Netherlands. Introduced to encourage workers to take vacations, it constitutes an additional payment on top of the employee’s salary. This allowance typically amounts to 8% of the employee’s gross annual salary.
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Holiday allowance in the Netherlands is a gross payment of 8% of your total gross salary. This amount is usually built up during your employment period in the months June to May. Employers are obligated to pay this 8% holiday allowance to their employees. The Dutch word for holiday allowance is “vakantiegeld”, a word you will certainly.. Here is an example of the holiday allowance: on a gross salary of EUR 4.000,00 a month for a whole year, you will get a holiday allowance of EUR 3.840,00 in addition to your regular salary in May. The calculation looks like this: EUR 4.000,00 x 12 = EUR 48.000,00.
