HR & Labor
Minimum wage is 424EUR per month.
Employers contribute 11% of the employee's’ wages.
The employee contributes 9% of their wages.
The severance pay amount is calculated by employees average monthly salary multiplied by number of the years the employee has been in the company.
The length of the notice varies from company to company. On average employers require one month notice.
The employer must provide two weeks notice to the employees who have been working less than 6 months. If they have been working between six to eighteen months, the employer must provide four weeks’ notice. Between eighteen months up to three years, the employer must provide six weeks’ notice. From three years and on, the employer must provide eight weeks’ notice.
Employees are entitled to 6 weeks of sick leave.
Employees are entitled to two weeks of vacation per year.
There are 14.5 public holidays per year.
Additional Employee Withholdings
1) Unemployment Benefits
2) Health Insurance
1) Employer contributes 2%
2) Employer contributes 7.5%
1) Employee contributes 1%
2) Employee contributes 9%
VAT is 18% standard rate.