XPANDIUM provides complete Employer of Record, Payroll, Contractor Services and solutions for clients who want to hire employees and run a fully compliant payroll without establishing a legal entity in Greece.
Capital City
Athens
Currency
Euro, EUR, (1 = 100 Cent)
Population Size
10,400,000
Language Spoken
Greek
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Overview
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Salary Calculator
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Xpandium - Hire your employees in Greece
Employment Contract
Employment relationships may be agreed on for
- fixed term employment (temporary) or
- indefinite duration (open-ended, permanent).
Probation period
Probation period is optional and cannot exceed 4 months.In case of fixed-term contracts, the probation period can not be more than 50% of the term of the contract.
Working hours
Full time employment is considered 8 hours per day and 40 hours per week in Greece. Less hours will mean part-time work.
Hours worked above 8 hours per day / 40 per week or on public holidays are considered overtime. Employer and Employee must agree on working overtime.
Overtime hours cannot exceed a total of 8 hours within a 7 days’ period and must be compensated during payroll for overtime as per local law.Parties may agree that the overtime hours over a 4-months’ time-frame schedule be an average 12 hours for every 7 calendar days.
Minimum wage
The current minimum wage is 584 EUR for full-time employment or 3.84 EUR for hourly work in Greece.
13th month salary
Not required.
Benefit package
In Greece, there are no obligatory fringe-benefits that an Employer must offer, however a custom benefit plan may be set up for your team (see more details at the Benefit section).
Payroll Cycle
Salaries are payrolled and paid on a monthly basis.
Health insurance in Greece
The Greek health insurance system is a solidarity-based social insurance system. This means it provides healthcare for everyone, including persons insured by employment agreement. Greece is covered by health care and treatment is equally available in all regions. Employees can order a European Health Insurance Card or its replacement certificate in the State Portal.
Employer taxes
33.8% total employment cost in Greece.
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Public Holidays
NAME
DATE
INFO
New Years Day
January 1
Independence Day
February 24
Good Friday
April 2
Friday before Easter Sunday
Easter Monday
April 4
Varies yearly
Labor / Spring Day
May 1
Pentecost
May 23
Victory Day
June 23
Jaanipäev
June 24
Greek Day
August 20
Greek Restoration of Independence
Christmas Eve
December 24
Christmas Day
December 25
2nd Day of Christmas
December 26
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Popular benefits in Greece
You may offer custom benefits for your Greek employees. As an Employer, you may benefit from offering an attractive compensation package. This means that in addition to salary, employees may receive one or more non-salary compensation.
Supplementary medical insurance (private / dental / vision)
Supplementary Life or other special insurance
Additional paid holidays
Flexible work schedule
Voluntary pension fund scheme
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Benefit planning process includes
- Decide on the Annual Benefit Amount - you may offer and divide it by 12 monthly installments of payroll.
- Select the benefit items you would like to offer employees
- Internal policy to be prepared, communicated and provided to monthly payroll.
- Collect the Benefit statements from employees - on the employee selected elements and respective amounts; written and signed, provided to EOR payroll.
Offering an individual benefit for one or a select group of employees needs to be planned and advised to be signed with a side agreement along with the employment contract.
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Types of Leaves
Paid leave
Employees are entitled to 28 days.
Public holidays
There are 12 public holidays in Greece.
Sick leave
An employee is entitled to 182 sick-leave days yearly while enrolled in the national social security system.
Payment is 70% of the employee’s average salary, which is paid by the Employer from the 4th day of sickness but from the 9th day the payment is taken over by the State.
Pregnancy and maternity leave
Expecting women can have a total of 20 weeks / 140 days.
Maternity leave may include and start 70 days prior to giving birth. State health insurance covers maternity leave with 100% payment.
Parents receive a one-time 320 EUR allowance for child birth and in case of triplets the payment is 1,000 EUR per child.
Paternity / paternal leave
The father is entitled to 10 working days off for paternity leave which can be granted within 2 months of the expected child’s birth date. After the birth, fathers are entitled to 2 months of paternity leave with the payment of 100% average salary payment, however it is capped at 3 times of the minimum wage amount.
Other / Child Adoption leave
Employees are entitled to a special leave if adopting a child under the age of 10.
Other / Child care leave
Any parent may take paid leaves for taking care of a child.
Leave varies based on the age of child:
- 3 days - up to 2 children under the age of 14
- 6 days - 3+ children under the age of 14
Payment for days taken is calculated based on the minimum wage.
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Employment termination
Employers have the below options to terminate an employment contract in Greece:
Termination under probation period
Termination by the Employer is immediately effective with a special 15 days’ written notice to the Employee.
Resignation by Employee
Employees may freely terminate their employment contract with a written notice of minimum 14 days to 1-month notice.
Termination by Employer with notice
An employment agreement may be terminated by the Employer by notice with below period of notices.
If employment period is
- up to 1 year period: 15 calendar days
- from 1 to 5 years of employment: 30 calendar days
- from 5 to 10 years of employment: 60 calendar days
- 10+ years of employment: 90 calendar days
Termination of fixed term contract
If termination is due to Employer’s redundancy, the employee is entitled to the salary that they would have received from the date of termination to the expiry date of the contract.
Termination by mutual consent
The termination by mutual consent allows the Employer and Employee to agree freely in a written agreement with each other on the conditions of termination.
Expiry of employment contract
When the employment contract expires then such employment is automatically terminated.
Severance pay
Employee is entitled to severance pay if the Employer terminates the contract due to redundancy. The severance pay is the average salary calculated based on the latest 6 months salary.
Employees are entitled to receive higher amounts of severance pay depending on the length of employment with the Employer:
- From 5-10 years of employment: +1 month salary
- over 10 years of employment: +1 month salary