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Traditionally, new legislation and regulations come into effect around the turn of the year, often on January 1st. For employers, this means: be prepared. Consider changes to the minimum wage, labor law regulations, and tax and reimbursement schemes. Review your contracts and policies in a timely manner.
The turn of the year brings new rules
The end of the year is not only the time for Christmas packages and New Year's resolutions, but also for new regulations. On January 1, new legislation affecting employers almost always comes into effect. Those who do not prepare for this will fall behind.
Common changes
Recurring themes include: adjustments to the statutory minimum wage, changes in employment law (such as those concerning flexible contracts, leave, or the duty to provide information), and changes in tax regulations and tax-free allowances (such as travel expenses or the home working allowance). Small changes can have major consequences for your wage costs and obligations.
What should you do?
Determine which changes affect you and adjust your employment contracts, payroll administration, and personnel policy where necessary. Check whether your contracts still comply with current regulations and inform your employees in a timely manner about any changes. (The exact amounts and rules change annually; check the current figures.)
Avoid surprises
By having your contracts and policies reviewed around the turn of the year, you meet new obligations on time and avoid fines or claims. A brief legal check saves you a lot of hassle in the new year.
Frequently Asked Questions
When do new rules for employers come into effect?
Often as of January 1st. Traditionally, new laws and regulations come into effect around the turn of the year.
Which changes often affect employers?
Including the minimum wage, labor law regulations, and tax and compensation schemes. The exact amounts change annually.
What should I do?
Review your employment contracts, payroll administration, and policies, and adjust them to current regulations where necessary.
Keep your contracts and policies up to date?
Our legal experts update your employment contract and employee handbook. View our employment lawteam or schedule a free consultation.
