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Greece

All countries

Country Details

Currency

Euro (EUR)

Official language

Greek

Capital

Athens

Is English spoken?

Yes

Time Zone

GMT +2:00

Salary payment frequency

Monthly

General Overview & Economic Facts

Information

Greece’s main exports are petroleum, aluminum and pharmaceuticals

10.34% of the population is between the ages of 15 and 24 years, with 39.60% of the population being between the ages of 25 and 54. Greece has a fairly youthful population, making it a favourable country to employ young, energetic employees

Population size

1,07,24,599

GDP

$239B

Inflation level

3.50%

Average earning + minimum wage

Average earning : EUR 15,335 per year or 1,277 EUR per month
min wage : EUR 773.50 per month

Overview of the labour law

Greece does not have a single labour code. However, Greek employment rules are found in several government regulations which define terms for employee protections, workers rights, and labor relations
The labour regulations cover classification of employees, categories of protected employees, working hours and probation periods
Employees are protected against discrimination based on race, age, religion, sexual orientation and gender

Employment Details

Number of Public Holidays

9

Working Hours

Maximum of 40 hours per week (if working 8 hours a day, 5 days a week) Employees are entitled to a break of 15 minutes if they have worked for at least 4 hours Typical working hours are 09h00 to 17h00 Monday to Friday

Benefits
  • Health Insurance
  • Vision Insurance
  • Dental Insurance
  • Pension or 401(K)
  • Mental Health Support
  • Life and Disability Insurance
Overtime

Work in excess of 45 hours a week (or 9 hours a day) is treated as overtimeOvertime of up to 150 hours per year is remunerated at 40% above the standard rate and is subject to special authorisation

Notice Period

Employed between 1 and 2 years 1 months notice Employed between 2 and 5 years 2 months notice Employed between 5 and 10 years 3 months notice Employed for 10 or more years 4 months notice

Probation Period

There is no statutory probation period Probation periods may not exceed 12 months

Severance Pay

Employed between 1 and 4 years 1 month if the employer has complied with the notice period and 2 months if not Employed between 4 and 6 years 1.5 months if the employer has complied with the notice period and 3 months if not Employed between 6 and 8 years 2 months if the employer has complied with the notice period and 4 months if not Employed between 8 and 10 years 2.5 months if the employer has complied with the notice period and 5 months if not Employed between 10 and 11 years 3 months if the employer has complied with the notice period and 6 months if not Employed between 11 and 12 years 3.5 months if the employer has complied with the notice period and 7 months if not Employed between 12 and 13 years 4 months if the employer has complied with the notice period and 8 months if not Employed between 13 and 14 years 4.5 months if the employer has complied with the notice period and 9 months if not Employed between 15 and 16 years 5.5 months if the employer has complied with the notice period and 11 months if not Employed for 16 or more years 6 months if the employer has complied with the notice period and 12 months if not

Employee Income tax

Income bracket per annum

0.00 – 10,000.00 9.00%

10,001.00 – 20,000.00 22.00%

20,001.00 – 30,000.00 28.00%

30,001.00 – 40,000.00 36.00%

40,001.00 – or more 44.00%

Employer Social cost
Employee Social cost

Benefit packages

Health Insurance
Vision Insurance
Dental Insurance
Pension or 401(K)
Mental Health Support
Life and Disability Insurance

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