Banking salaries rise more sharply than average wages: NRC

Despite appeals for moderation, banking salaries have gone up faster than Dutch wages in general, the NRC says on Friday.

The average salary of Dutch bank staff has gone up 5.8% since the start of the finanancial crisis in 2008, but the average worker has had just a 2% rise in gross income, the NRC says, quoting figures from the national statistics office CBS.

The calculations cover all bank staff, from counter worker to director. Including employer costs and bonuses, the cost of an average bank worker’s salary rose 10.1%, compared with 2.3% for the workforce in general.

The statistics also show the average bank worker earned 52% more than the average Dutch worker in 2001 but that had increased to 83% by last year. Statistics dating from 1987 put the gap at just 18%.

However, the best paid workers in the Netherlands are those in the mining and oil industries, the NRC says.

Thank you for donating to DutchNews.nl.

We could not provide the Dutch News service, and keep it free of charge, without the generous support of our readers. Your donations allow us to report on issues you tell us matter, and provide you with a summary of the most important Dutch news each day.

Make a donation