- 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.
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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-
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