CAO Wages grew by 4.6 percent last Quarter Compared to Last Year. Accordance to Statistics Agency CBS, This is the Smallest Increase Since 2022. Adjusted for Inflation, Employees Now Have 1.6 percent more Wages to spend than last year.
A year ago, in the third quarter of 2024, The Average Wage Increase was still 6.8 percent accordance to CBS. The Comparary Concerns Average Hourly Wages of Employees with a Collective Labor Agreement (CAO) Plus Extra Allowances Such As Holiday Pay. Approximately three-quarters of the Jobs in the Netherlands Fall Under A Collective Agreement.
In The First Half of this Year, Wage Increases were also Lower than in the Same Period in 2024.
In Almost All Sectors, Wage Increases In The Past Quarter Were Lower Than A Year Earlier. In The Government sector, Salaries Grew The Slowest: Just about 3 percent last Quarter. In the commercial sector, Wages Generally Rose Faster. Standouts are the Cao Wages of Information and Communication Jobs. These rose by Almost 7 percent.
‘Wages Rose by An Average of Almost A Fifth in Three Years’
That Wages are rising slightly less sharply this year than in recent years is logical accordance to CBS Chief Economist Peter Hein van Mulligen. 2023 and 2024 Were exceptional years accordance to the economist. The Trade Unions Were Able to Make High Wage Demands in Collective Bargaining Negotiations Due to the Rapidly Increasing Inflation and Tight Labor Market.
“In three years, Salaries Have Increased by An Average or 18.8 percent. Inflation and the Demand for Personnel Are Still High, But No Longer As Exceptional As in The Past Two Years,” Says van Mulligen.
That wages are highher does not mean that people have more to spend. There is also Inflation and the Life of Employees Becomes More Expective. A part of the Wage Growth is Therefore also spent on Higher Expenses.
The CBS Calculates That of the 4.6 percent Wage Increase in the Third Quarter, An Average Extra or 1.6 percent Remains After Taking Into Account.