Transition payment
Published by:
Netherlands Chamber of Commerce, KVK
< 1 min read
Do you want to dismiss an employee or not extend their contract? You have to compensate them for expected costs they incur to help them find new employment. The payment can then be used for schooling or outplacement. This is called a transition payment. Your employee is entitled to transition payment from the first day of employment. This applies to permanent contracts as well as fixed-term contracts. It also applies to on-call contracts.