Successful companies are starting to realise that increasing wages can help to increase profits and growth by boosting productivity; companies such as Costco, a US warehouse company, have seen a rise in profits compared to its competitors, and they owe their success to increased employee morale through better pay. However, as an employee, it can be difficult to persuade employers that you deserve more money when the company grows. Even if your argument is that employees hard work should be rewarded and it would help further boost working incentives.
When a company’s success can be confidently attributed to one’s hard work, then it is a reasonable request to ask for a raise based on self-value. For example, if someone works in sales and has had a successful sales year, which he or she feels has benefited the company, then they should quote their figures and how their work has influenced the company’s success. In other words, it is best to negotiate a salary that reflects one’s value within a company. To do this sufficiently requires researching a reasonable salary compared to what rival companies provide, and to explore the salary range within an industry.
Another factor is if a company’s...
After years of wage moderation, it must be over, thinks the trade union movement. Companies make healthy profits and benefit from their employees. Prior to Prince’s Day, the unions traditionally establish their wages. By 2018 there must be a minimum of 3.5% higher wages.
The FNV (The Netherlands Trade Union Confederation), the Dutch largest trade union, will set the next decade for a minimum wage of 3.5%. People who earn little can even get up to 5%, because FNV also demands that everybody would get a minimum of 1000 euros a year extra. Trade union CNV (Christian Trade Union Federation) is usually somewhat moderate with wage demands. But CNV professionals also set for wage increases of 3 to 4% per year or 10% for three-year period.
FNV Job Coordinator Zakaria Boufangacha argues that real-time investment needs to be invested in workers. "It's going to be economically good and the majority of businesses deserve good money, but it's getting less and less crowded. We therefore want to catch up, so that workers get more fair profit."
According to FNV, the Dutch labour market has ended in a race. Competition on labour prices is huge and workers pay the bill. Wages...
It is almost a given that when offered a pay rise, you should accept it. Indeed, it would appear to be madness to reject it. After all, why would anyone refuse to have more money at the end of the month? However, there are some situations where it might be sensible to refuse a wage increase. For instance, there might be a situation in which the amount offered is so low that it is taken as insulting. Another example could involve an offer in which you are made to take on more responsibilities than are worth the increase in pay. Whatever the reason, it is best not to make a rash decision.
One of the main reasons to turn down a pay rise is if the offer is much too low to justify the increase in responsibilities. If you feel like you will have much more work to do without the commensurate increase in pay, then you should think about turning down the offer. Another reason is that having a disproportionately high salary for your job title can mean that you are more likely to be laid off during an economic downturn. There are anecdotal cases of corporate lawyers being...
You have finally done it. After many searches and applications, difficult interviews with questions like: ‘Would you choose this job over your own biological mother?’ you have finally reached the end of your long journey and received a job offer.
However, after straining through all the fine print and the listed salary, you have to wonder to yourself: ‘How much is my job worth?’ The offer has been made, the hiring manager is interested, and now the ball is in your court. What is the next step? Negotiation.
Many online resources have cropped up recently to help gauge your price on the market. In one of the most popular, Payscale.com, you can search your job title and compare your offered job salary to that of employees that have anonymously reported their earnings and bonuses, according to their location and years of experience. Other options include WageIndicator.org, which shows the median monthly salary by country for different jobs, with other relevant demographics such as the age and sex distribution of employees. For more specialised insider information, Glassdoor.nl may offer you valuable insights into the company you are about to join from anonymous staff and interviewed candidates.
If you want...
If there is something Dutch people are good at, it is at combining work and free time, and being able to enjoy both. The Dutch work the least hours of any other nation in the European Union. The average number of working hours of other countries in Europe is 37.5 hours a week. In the Netherlands, by comparison, Dutch people work an average of 30.6 hours per week, which results in 364 hours less in a year.
We could go even further and compare those working hours to other countries around the globe. The people in North America work on average 44 to 52 hours per week, and an average American works up to 25% more than an average European citizen. Nevertheless, this does not affect the productivity of the Dutch; in fact the Netherlands is the fifth most productive country in the world, according to rankings by Business Insider in 2016.
The reason is that the Dutch economy is especially flexible, and it allows for such a type of workforce. Working hours in the Netherlands for a full-time (voltijd) job are between 36-40 hours a week. If someone works less than 36 hours, but more than 12 hours, they...
Negotiations with a boss or supervisor can be a daunting task for employees; nonetheless it is sometimes a necessary means for improvement under unsatisfactory working conditions. The aim of a negotiation can vary from typical requests such as higher wages, more responsibilities and better working hours to improvements in the working environment such as a bigger office, newer equipment or safer working conditions. In any case, negotiating is usually the better option to improve a situation instead of pursuing a better job elsewhere.
In addition to knowing what you wish to get out of a negotiation, making use of suitable tactics and knowing your minimum requirements of a trade union’s collective agreement is crucial when it comes to making it a success. A good negotiation requires some careful planning and knowing what type of negotiation style works best with your boss; if your boss uses an aggressive method of negotiating then it may be best to diffuse the situation by using a passive but firm style to counter their arguments. Being aggressive against an aggressive boss could turn a negotiation messy, and being too lenient against them could give them room to bully you into accepting an undesirable agreement. In...
Industry in the Netherlands is focused around food processing, chemicals, petroleum refining and other high technology areas, as well as a strong service sector. As such, the highest paid jobs tend to be in these fields. Furthermore, it means that specialist training in education (such as a university degree or vocational qualification) is important in opening up such aspirational positions in your own career.
According to Salary Explorer, some of the best-paid jobs in the Netherlands include roles such as Managing Director (€150,000). In this role, you would be expected to implement company policy and ensure continued profitability. For such a position, it would be expected that you would have at least a Master’s Degree in Business Administration, with a proven track record of working in a high stress environment and being able to lead a team and deliver results....
But how does a pension work? And is it something worth putting time and energy into at this moment?
Drop the word AOW and most people will associate it with pension. But there are more pensions that may apply to you or that you wish to have. The Dutch pension scheme consists of three pillars. Not all of them necessarily apply to everyone automatically.
Everyone living or working in the Netherlands is entitled to a state pension. This is called the AOW (algemeen ouderdomswet). Currently, when you reach the...
The first and most difficult step in asking for a raise starts by approaching your boss in the first place. This can be more difficult as an expat, as perhaps the corporate culture is different than you expect in your own country.As Diana Faison, a partner with leadership development firm Flynn Heath Holt Leadership, puts it: “You want to be able to demonstrate how you add value and how you have made a difference to the company”. Putting yourself in the shoes of your boss will help you decide on what you should include in your argument.
Get to grips with the facts. See...
Salary will always be dependent upon age, position, and experience and thus will vary for each person. This is especially true for expats and those hired as highly skilled migrant workers. This usually puts the employee in a well-paid position,however it may be much different than what was earned in your home country. To set expectations, the average income for a full-time employee in the Netherlands from ages 25-30 is about 30,800 Euros annually. This goes up to 41,100 Euros from ages 45-55 and unless you have a highly specialized position, it does not vary much.
Additional benefits include holiday equivalent to 8% of salary, possibly car and phone paid for, or performance based bonuses. Expats can get even further benefits by taking advantage of the demand for highly skilled workers. A highly skilled...
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