Currency: Euro (Rate)
Public Holidays: 12 public holidays (see here)
Employer Taxes: ~25% of gross salary
Official Language: Greek
Payroll frequency: Monthly
13th / 14th Salary: 3 mandatory bonuses equivalent to 2 month's of salary (Easter (1/2 month), Summer (1/2 month) and Xmas (1 month)
Statutory vacation allowance in Greece is dependent on a combination of the duration of employment with current employer and the duration of employment with any employer:
Annual sick leave entitlement depends on the duration of employment:
In 2020, the national minimum wage in Greece remained fixed at 758.3 € per month, that is 9,100 euros per year, taking into account 12 payments per year.
For terminations to be valid, employers are obliged to provide written notice and make a severance payment.
Since May 2019, employers must also have a valid reason to terminate an employment contract (even when statutory severance is paid). Failure to provide a valid reason for terminating an employee could result in a claim from the employee with the burden of proof lying with the employer.
Statutory severance pay varies depending on the duration of employment:
1 and < 4 years of employment – 2 months’ salary
4 and < 6 years of employment – 3 months’ salary
6 and < 8 years of employment – 4 months’ salary