Quick facts
Greece, located in Southern Europe, has a service-based economy that heavily relies on tourism, shipping, and agriculture. The country is part of the European Union and has undergone significant economic reforms over the past decade. Greece provides a highly regulated labor market with strong employment protections, especially in sectors like tourism and seasonal work.
In Greece, indefinite contracts are the most common form of employment, but fixed-term contracts are also widely used, particularly in seasonal industries like tourism. Fixed-term contracts automatically expire upon reaching the agreed end date unless renewed in writing. The renewal of fixed-term contracts is limited to three consecutive renewals within a three-year period. If there is no justified reason for successive contracts, they are considered indefinite.
Under Greek law, the first 12 months of an indefinite employment contract are considered a probation period. During this time, the employer may terminate the contract without notice or severance pay.
Employees in Greece typically work 40 hours per week. Work exceeding 9 hours per day or 45 hours per week is considered overtime. Two types of overtime are recognized: overwork (between 41 and 45 hours per week) is paid at 120% of the hourly wage, while legal overtime (over 45 hours per week) is paid at 140%.
Employees are entitled to 20 working days of paid leave in their first year of employment. For each additional year of service, they gain 1 extra day, up to a maximum of 25 days after 10 years of service. After 25 years, employees are entitled to 26 days of paid leave.
In Greece, employees receive 50% of their salary for the first 3 days of sickness, with the remainder partially reimbursed by the social security system. Sick leave starts after the first 10 calendar days of employment. For extended illness, the employer and social security share responsibility for payments.
The minimum wage in Greece is €830 gross per month for full-time employees, effective at 2024. This amount is typically paid 14 times a year, including Christmas, Easter, and summer holiday bonuses. Employers deduct social security contributions before paying salaries.
Greece observes several public holidays, including:
In addition to these national holidays, some regions have local holidays based on religious or cultural events.
Employers in Greece contribute 22.54% of an employee’s gross salary towards social security, which includes:
Employees contribute 14.12% of their gross salary towards social security, which covers:
Income tax rates vary based on income levels:
For employees with 12 months to 2 years of service, 1 month’s notice is required for dismissal. This increases to 2 months for 2 to 5 years of service, and up to 4 months for employees with 10 years or more of service. If the employer provides proper notice, severance pay is reduced by 50%.
Employment contracts can be terminated with or without notice. If notice is provided, severance pay is reduced by 50%. For example:
International EOR (Employer of Record) and PEO (Professional Employer Organization) are services that enable businesses to compliantly hire, manage, and pay employees in foreign countries without the need for establishing a legal entity. EOR acts as the legal employer while PEO co-employs workers, handling administrative tasks such as payroll, taxes, and benefits.
Acvian does not handle time record submissions directly. It is the client’s responsibility to track and submit employee work hours. However, Acvian can offer guidance and best practices to ensure efficient time tracking and compliance with local labor laws.
Employees can view their payroll details through the monthly payslips they receive and also via our Acvian platform. These payslips contain information on earnings, deductions, taxes, and net pay, giving employees a clear overview of their monthly payroll. Please note that in some countries, employers are restricted from viewing payslips due to data protection regulations, and only employees can share their payslips. For more details on these regulations, please contact our specialists.
Acvian addresses payroll disputes promptly, working closely with both the client and the employee to investigate and resolve any issues.
Yes, Acvian requires advanced monthly payments for salaries and service to ensure timely and accurate payroll processing.
Yes, Acvian can provide consultations regarding labor and tax legislation. Our team of experts is well-versed in local regulations and can offer guidance to help your business maintain compliance, reduce risk, and navigate the complexities of international employment and taxation laws.
Acvian provides a diverse range of benefits, including but not limited to:
We can customize and offer many kinds of benefits requested by the client, ensuring that your employees receive the support and perks that align with your company culture and local regulations.
Acvian can provide private health insurance options as part of its comprehensive employee benefits package.
The monthly/yearly costs for an ‘average’ package vary depending on the specific plan and location. See our estimated price packages here. Acvian’s team can provide detailed cost breakdowns based on your requirements.
While Acvian doesn’t directly provide entity set-up services, we can introduce you to local lawyers who specialize in this area to assist you with your needs. See also, when it's better to set the entity or use the EOR.
Offboarding is managed by Acvian in a structured and compliant manner. We coordinate with your business to ensure all necessary documentation, exit interviews, and final payments are completed. Acvian also ensures adherence to local labor laws and regulations, including providing any required notice periods and managing the termination process.
Businesses typically need EOR and PEO services when they:
Yes, Acvian is fully compliant with GDPR regulations. We collect and process personal data in accordance with the law, ensuring that data is used only for general, allowed purposes such as marketing and other legitimate business activities.
Acvian can supply EOR services in over 180 countries, encompassing almost all European nations, the United States, and Canada, providing extensive coverage to support your business’s global expansion and workforce management needs. See our coverage here.
Under EOR, Acvian manages the payroll process by:
Explore the details here.
Yes, Acvian provides comprehensive support for expatriate EOR workers, including:
Explore in details here.
Expats support from Acvian encompasses a range of services designed to facilitate a smooth transition for employees working abroad. Key aspects include:
After onboarding, Acvian maintains an ongoing relationship with your business and employees, ensuring smooth payroll processing, managing tax and regulatory compliance, handling benefits administration, and providing support for any changes or issues that may arise in the employment lifecycle. This allows you to focus on your core business operations while Acvian manages your international workforce.
The onboarding process typically takes between 2 to 4 weeks, depending on the country and complexity of the employee’s situation. However, Acvian strives to expedite this process, ensuring a smooth and efficient transition for your personnel. See our story of the urgent employment project.
Yes, Acvian provides in-country or regional support for employee inquiries and assistance requests. We have dedicated managers in the countries where we support your employees, ensuring prompt and knowledgeable assistance tailored to local regulations and practices.
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