HR & Labor
Minimum wage is 683 EUR.
The employer contributes 28% of the salary.
The employee contributes 16.5% of the salary.
If the employee has been in the company from one year to four years, they receive two months of average wages as a severance pay. From four year to six years, they receive 3 months of wages, from six years to eight years, 4 months of wages. From eight to ten years, they receive 5 months of wages. Ten years in the company, they receive 6 months of wages. From eleven until fifteen years in the company, each year one more monthly wage is added. From fifteen years and on, the employee will receive 12 months of wages.
No official advance notice requirements.
For the first year of employment, the employer can terminate an employee without notice and severance pay. If the employee has been in the company for over one year but less than two, they are entitled to one month’s notice. From twa years to five years, they are entitled to two months notice. From five to ten years, three months notice and over ten years, four months notice. If the employer terminates without notice, they must provide a payment in lieu of the notice.
If the employee has been in the company for four years, they are entitled to one month of sick leave, if they have been in the company for from four to ten years, they receive 3 months of sick leave. From ten years until fifteen years, they recieve 4 months of sick leave and 6 months after fifteen years in the company. Employer refunds ½ of the average monthly pay if the employee has been in the company for less than a year and one month’s pay if they have been in the company for more than a year. According to the Greek Labor Code, it doesn’t prohibit the employer to terminate an employee during a sick leave.
There are 6 public holidays.
If the employee has been in the company for a year, they are entitled to 24 days of vacation if they work 6 days a week and 20 days if they work 5 days a week.
If they have been working for 2 consecutive years, one day of vacation is added. After 3 years, one more day is added. If the employee has been in the company for over 10 years but less than 12, they receive 25 days if they work 5 days a week and 30 days if they work 6 days a week.
The employer must contribute to the social insurance fund at the rate of approximately 24.56% from the employees' gross salaries.
VAT is 24% standard rate.