Employing in Greece
The minimum monthly wage in Greece is €880.
The individual income tax contributions in Greece range from 9% to 44% and are based on the threshold of income.
For more information on other tax rates and employer costs, please get in touch to discuss your specific requirements.
The pension system in Greece is primarily a public, pay-as-you-go system. Voluntary private or workplace pensions are less popular, but they do exist.
A full-time working week in Greece is 40 hours per week for 8 hours per day across 5 days, normally Monday to Friday.
The working week can be increased to 48 hours by mutual agreement between the employer and employee, and any hours worked over 40 are deemed as overtime and incur additional payments in line with the required rate.
Employee’s leave consists of several types:
- Statutory time off or paid leave, which starts at 20 days weeks per year for the first year of employment, increasing with length of service
- Public holidays
- Maternity, Paternity and Parental leave
- Sick leave
Other leave, including but not limited to marriage leave, caretaker leave and school leave
Termination
The termination process in Greece can be complex, and will depend on factors such as contract terms, salary and length of service. An employee’s contract can be terminated in the following circumstances:
- By mutual agreement
- Voluntary resignation by the employee
- End of probationary period
- Unilaterally by the employer, for example as a result of disciplinary proceedings
For more information about termination, please contact us.
