The 2024 salary threshold for highly skilled migrants (HSM) has been published.
On January 1st, 2024, the salary criterion increases by 6.45% as compared with the gross monthly salary thresholds of 2023.
For those highly skilled migrants already on payroll and for applications filed before January 1st, 2024, the 2023 salary criterion remains. In other words, if a foreign national is already employed and has a valid residence permit, it is not necessary to adjust their salary.
Also, if the application is submitted before January 1, 2024, the 2023 salary applies.
Below, we break down the new 2024 monthly gross wages for highly skilled migrants, and further details pertinent to employers of highly skilled migrants.
2024 Salary Threshold
Starting from January 1, 2024, the following monthly wages apply (gross per month, excluding 8% holiday allowance) for highly skilled migrants (HSM):
The salary criterion is based on salary received in cash, i.e., the fixed contractual gross salary in cash, excluding vacation allowance. Non-cash salary payments, overtime, tips, and benefit payments are excluded. Expenses and allowances may be included if they are guaranteed and paid monthly.
Fixed allowances, such as the 13th month payment or a fixed year-end bonus that is contractually agreed, can be included in the gross salary if they are paid to the highly skilled migrant.
The new salary thresholds apply only to applications filed after 31 December 2023. For applications submitted in 2023, the current salary thresholds apply.
2023 Salary Threshold
Until 31 of December 2023, the following monthly gross wages still apply:
For those hired with an EU BlueCard:
Applicable Work Permits
This new salary criteria also applies to the following types of work permits that are granted as of January 1st, 2024:
For those under the short stay, the employee must be working for a recognised sponsor. Additionally, the employee should be staying in the Netherlands for a maximum of 90 days over a six-month period. Due to the length of their stay, these employees will not be applying for a residence permit.
Conclusion
If you are employing (or would like to employ) highly skilled migrants, it is important to take the new salary thresholds into account. For the extension of a highly skilled migrant residence permit from 1 January 2024, the new indexed salary thresholds will also apply.
At All About Expats, we are experts in hiring, sponsoring, and payrolling highly skilled migrants for companies that are currently not on the IND recognised sponsor list
If you have any questions as to how these new wage thresholds will affect your current highly skilled migrant employees or would like to know more about our payrolling and sponsorship services, please contact us.
