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Netherlands
- Recruitment landscape
- Economic indicators
- Labor market
- Working life
Your global agency guide to...
Netherlands
The Netherlands, with a GDP of $1.12 trillion, ranks as the 17th largest economy globally. Key industries include agroindustries, metal and engineering products, and chemicals. With a stable working population, the unemployment rate at 3.6% indicates a robust labor market. The country hosts a competitive talent sourcing environment with numerous specialized recruitment agencies. The relatively balanced gender participation in the workforce reflects strong gender equality, but an aging population suggests future labor market challenges.
Netherlands'S
AGENCY LANDSCAPE
13K
Agencies operating in Netherlands
A high number of agencies indicates a mature recruitment industry, marked by strong talent demand, established labor laws and economic stability.
15-20%
Typical fee range
Countries with higher fees imply finding talent is harder to find whilst lower fees indicate a high-volume, commoditized market.
Netherlands'S
FEATURED AGENCIES
Randstad
CERTO B.V.
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Netherlands'S
GROSS DOMESTIC PRODUCT (GDP) RATING
17
WORLD RANKED
Netherlands ranks 17th in the world by current economic output
$1.1T
NOMINAL GDP (US$)
GDP reflects the overall size and economic strength of the country’s economy.
7
EMEA RANKED
Netherlands is the 7th biggest GDP in EMEA out of 109 countries in the region
GDP GROWTH (%)
The above chart compares how Netherlands's GDP has grown, compared to the rest of the world and the EMEA region in the last 7 years.
Positive growth indicates an expanding economy, while negative growth or recession signifies economic contraction. Strong growth can encourage hiring, but slower growth might lead to freezes or layoffs, influencing talent sourcing as businesses adapt to changing market conditions and demands.
Netherlands'S
CURRENCY AND CODE
€
Country currency
NLD
Country ISO code
Netherlands'S
INFLATION RATE
2.7%
CURRENT RATE
▼1.4% REDUCTION
Inflation represents the rate at which prices rise and purchasing power diminishes. High inflation may prompt employees to seek higher wages, potentially impacting company profitability. This situation could lead to budget constraints or hiring freezes, which might influence talent availability and sourcing strategies.
Netherlands'S
COST OF LIVING
COST OF LIVING INDEX EXPLAINED
The cost of living has a direct impact on salary expectations and the competitiveness of compensation packages. It can influence the appeal of certain locations-while high-cost areas may attract highly skilled professionals looking for higher salaries, lower-cost areas can appeal to companies looking to minimize salary expenses or candidates seeking a better work-life balance.
Netherlands'S
LABOUR STATISTICS
18M
POPULATION
With a population of 17,590,672, Netherlands is a medium sized country by global standards. Netherlands's youth population is just below the world average, indicating it may face challenges in labor market sustainability over time. The working population in Netherlands is close to the world average, suggesting a stable labor market that can adequately meet the economy's demands. Netherlands's elderly population is just above the world average, suggesting a growing dependency ratio, which may strain the labor market.
Netherlands'S
RELIGION
Religion
In religiously diverse countries, a broad sourcing and engagement approach whilst appealing to inclusive practices resonates with this candidate market. In contrast, in a homogeneous religious environment, understanding dominant cultural norms is often more important when engaging with talent.
Netherlands'S
UNEMPLOYMENT RATE
3.6%
CURRENT PERCENTAGE
▲0.04% INCREASE
Netherlands's unemployment rate is healthy, indicating a well functioning labor market with good job opportunities for most people. Between 2022 and 2023, there was a small increase in unemployment, suggesting continued economic stability, with a slight dip in job availability
Netherlands'S
TOP PERFORMING COMPANIES AND INDUSTRIES
Top performing companies
Ahold Delhaize
Stellantis
Airbus
Top industries
Chemicals
Petroleum
Agroindustries
Netherlands'S
GENDER DEMOGRAPHICS
RATIO OF MALES TO FEMALES (BY AGE)
LABOUR PARTICIPATION BY GENDER (%)
70
/
62
Male | Female
In Netherlands there is a low gap in participation rates between males and females, indicating a relatively balanced workforce particpation often reflective of strong gender equality policies or cultural norms supportive of equal gender parity.
Netherlands'S
WORKING LIFE
$55K
Average gross annual wage (US$)
This figure represents yearly income before taxes. Higher wage countries are above $50,000 USD. Attracting talent in lower-wage markets can be cost-effective; however, offering above-average compensation may be required for in-demand skills.
$4.6K
Average gross monthly wage (US$)
This figure represents monthly income before taxes. Higher-wage countries typically exceed $4,000 USD per month. Attracting talent in lower-wage markets can be cost-effective; however, offering above-average monthly compensation may be necessary for in-demand skills.
Netherlands'S
WORKING LIFE
7DAYS
Minimum annual holidays
Minimum annual holidays reflect mandated leave. Hiring in countries with high allowances (over 25 days) will require emphasizing work-life balance when recruiting. In countries with fewer holidays (under 15 days), offering additional leave can enhance recruitment and set the organization apart.
40HRS
Average working full time week
Overtime pay isn't required by law. Typical work hours are 8 per day and 40 per week, with the standard workweek running Monday to Friday.
Netherlands'S
TOP BENEFITS
16WEEKS
Maternity leave
Netherlands offers 16 weeks paid maternity, 20 for multiples, with 4-6 weeks before birth. Paternity leave is 5 days paid. 26x weekly hours parental leave, first 9 weeks at 70% pay.
2YEARS
Sick leave
Employers must pay sick employees 70% of their last salary for up to 2 years, capped at 70% of the maximum daily wage. The first year includes at least the statutory minimum wage; often contracts offer 70% or 100% of the full salary in the 1st year and a possible cap in the 2nd.
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