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Netherland Companies MUST Discloses Executive Pay to Works Councils

The Cabinet of the Netherlands has approved Minister of Social Affairs and Employment’s proposal to publish management salaries of companies with more than 50 employees.

 
 
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PRLog - Apr. 14, 2014 - (Bristol, UK) - The Cabinet of the Netherlands has approved Minister of Social Affairs and Employment’s proposal to publish management salaries of companies with more than 50 employees. Companies will be required to provide salary ratio of management to ordinary employees. This new law will bring in transparency and help to reduce the salary imbalance among some companies, reports Nair & Co., the leading provider of Global HR Services (http://www.nair-co.com/global-hr-services.aspx) for companies expanding overseas.


The government has observed that during the economic crisis, the salaries of some executives have increased aggressively as compared to ordinary employees. The required reporting is part of an effort to bring about balance by reducing excesses with the help of the work council.

Nair & Co. advises companies operating in the Netherlands to review and make necessary plans as per the new requirements and procedures.

For more information about doing business overseas (http://www.nair-co.com/expanding-business-overseas.aspx) or to learn more about our International HR Laws team please contact us (http://www.nair-co.com/global-offices.aspx).

Subscribe to regular global tax compliance alerts from Nair & Co.

Get the latest news releases and updates on international tax, HR, Finance, compliance and other legal news at Nair & Co. Industry Alerts.

About Nair & Co.

Nair & Co., the leader in international business expansion services, provides accounting, HR, legal, tax and compliance services for the set up and management of your international operations. Our model of a single-point-of-contact, supported by internal teams of experienced advisors, helps clients expand business and manage risk so they can focus on their core business and sustain growth with minimal risk, stress and cost. We support nearly 250 clients in over 70 countries. Nair & Co. is headquartered in Bristol, UK, has 450 employees and offices in China, India, Japan, Singapore, and the US. Learn more at www.nair-co.com

Media Contacts: For media enquiries or to learn to more about Nair & Co., please email us at media@nair-co.com or call Yvonne Smith at +1.408.501.8867

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Nair & Co.
408 501 8867
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Source:Nair & Co.
Industry:Business
Tags:Cabinet of the Netherlands, exe
Shortcut:prlog.org/12309404
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