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View All NewsNetherlands – Payroll revenue up and expected to grow
Dutch payroll companies reported revenue growth of 4% between October and December 2014, compared with the same month last year. On an annual basis, the companies achieved growth of 4% against 2013, according to the Dutch Association of Payroll Companies (Vereniging Payroll Ondernemingen (VPO)).
Jeu Claes, President of VPO, commented: “The figures confirm the economic picture over the past year and the labour market, which has been recovering, slowly but surely. More people are coming back to work. But economic growth has been modest, which creates uncertainty among employers who therefore prefer to hire staff on a flexible basis.”
The need for professional HR services in also on the rise, as a result of new laws and regulations that have been announced by the government; including the new Work and Security Act (Wet Werk en Zekerheid), which came into force on 1 January 2015.
According to the new law, from 1 July 2015, agency workers will be eligible for a permanent contract following three consecutive assignments within two years, providing no break between assignments was greater than six months.
Mr Claes concluded: “Employers have to be even more organised… That feeds the need for payroll companies.”