From July 1, 2014 the minimum wage in Netherlands will increase for employees aged 23 years by 0.65 % making it € 1,495.20 gross per month for a contract of 38 hours . The hourly wage amounts will be € 9.08 with no vacation allowance. Currently, the minimum wage is set at € 1,485.60 gross per month and € 9.02 per hour applicable from January to June 2014.