The upcoming year brings not only new opportunities, but also important changes to the legal minimum wage. As an employer, it is essential to be aware of these changes and what they mean for your business. Read on quickly to learn all about the minimum hourly wage in 2024 and how your organisation can prepare as an employer.
What does the new statutory minimum hourly wage mean?
From 1 January 2024, the legal minimum hourly wage will be adjusted. This means that the minimum amount you have to pay workers for their labour will go up. The fixed minimum monthly, weekly and daily wages will also disappear. So one minimum hourly wage will soon apply to all workers aged 21 and above. Fixed minimum hourly wages will also apply to workers under 21 from 1 January 2024. You can find the gross amounts for 2024 on rijksoverheid.nl.
Importance for personnel policy
As an employer, you know how important it is to stay competitive in the market. The minimum hourly wage can also serve as a guideline for your company's wage structure and can have an impact on attracting new talent. Inform current employees about the changes. Take the time to educate them and be prepared for possible questions about their pay in relation to the new minimum wages.
Impact on payroll
An increase in the minimum hourly wage may affect your organisation's payroll. Make sure all systems are up-to-date to meet the new requirements. This prevents possible fines for non-compliance and ensures that employees receive the correct wages.
FlexWerk unburdens
Flexworkers play an important role in the flexibility and resilience of organisations. If your company already works with temporary workers, FlexWerk will take care of the correct payments and payroll administration. That saves you a lot of headaches!
At FlexWerk, we understand that these changes may raise questions. We are here to support you and ensure a smooth transition to the new minimum hourly wage. Do you have questions or want more advice on how best to implement this change? If so, feel free to contact us.
Together, we will ensure a worry-free transition to 2024, with human resources policies that not only comply with the latest legislation, but also benefit your employees and organisation.