Seresco conducts a study on extra wage payments in Europe

Seresco conducts a study on extra wage payments in Europe

Seresco’s Payroll and HR Area has conducted a study comparing extra wage payments in the summer in six European countries: Germany, France, Belgium, the Netherlands, Portugal and Spain. 

The main conclusion reached is that Spain is one of the few European countries with extra wage payments in the summer that are provided for by law as equivalent to salary payment.

In addition:

  • Spain, Portugal and the Netherlands are the only countries with extra wage payments in the summer by law
  • Germany or France depend on the collective bargaining agreements reached for arranging this payment
  • Belgium does not provide for right to this type of payment by law. It depends on what is stipulated in the collective bargaining agreement. If there is a right to receive this payment, the value is 92% of the gross salary, and 85% is not subject to social security tax
  • The Netherlands does establish a vacation payment, but it is calculated differently: it is 8% of the gross annual salary
  • Portugal has in place a scenario very similar to the one in Spain, since the vacation payment is a practice approved by law
Seresco realiza un estudio sobre la asignación de pagas extra en Europa