Greece offers an enticing prospect for global organizations in search of talent, owing to its skilled workforce and competitive hiring rates. As a nation with diverse potential, Greece presents a vast pool of talented professionals who can be recruited cost-effectively. Given the complexity of labor laws and regulations in Greece, an Employer of Record (EOR) can prove particularly valuable. By collaborating with an EOR, your business can ensure seamless compliance with local laws while providing essential support to your employees.

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With the aid of an EOR in Greece, navigating the intricacies of employment regulations becomes more manageable, allowing companies to focus on their core operations with confidence. By entrusting employment-related responsibilities to experienced professionals, businesses can optimize their talent acquisition and ensure adherence to Greek labor laws and regulations. This strategic partnership fosters an environment of compliance and support, facilitating the growth and success of global enterprises in Greece's vibrant business landscape.

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Greece possesses a skilled and diverse workforce, offering significant advantages in terms of talent acquisition. With a strong work ethic and advanced infrastructure, the country fosters a supportive business environment conducive to growth and success. Greece's highly educated population, combined with proficiency in English, provides access to a talented pool of professionals. The competitive labor costs and favorable government policies further contribute to Greece's appeal as a favorable business destination, presenting ample opportunities for companies to flourish and expand their operations.

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By leveraging Gloroots' Recrew platform, businesses can harness the exceptional talent pool in Greece and effectively bolster their teams. The platform provides a seamless solution for talent acquisition, ensuring access to Greece's remarkable workforce while streamlining the recruitment process for optimal efficiency. With Gloroots' support, companies can capitalize on Greece's vast potential, nurturing a thriving team and propelling their business to new heights in this dynamic European market.

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The pricing for Greece EOR/PEO services can vary depending on several factors, including the number of employees, the scope of services required, and the complexity of the project. Typically, Greece EOR/PEO services follow a pricing structure based on a monthly fee per employee or a percentage of the employee's salary. Additional charges may be applicable for customized services or any supplementary offerings beyond the standard package. By engaging with Greece EOR/PEO providers, businesses can access a tailored solution that aligns with their specific needs, enabling seamless and compliant employment practices in the vibrant Greek market.

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Key Metrics For Foreign Employers 

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Greece is an enticing destination for multinational businesses seeking expansion opportunities in Europe. With a highly skilled and diverse workforce, Greece offers a favorable environment for achieving business success. Its strategic location as a gateway to Europe further adds to its appeal.

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The table below depicts key indicators from the Global Talent Competitiveness Report for employers wishing to hire from Greece.

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Source: The Global Talent Competitiveness Index 2023

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Through Gloroots' Recrew platform, businesses can tap into Greece's exceptional talent pool and seize the boundless opportunities it offers for success in the dynamic European market.

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Risks of misclassification can arise when workers are improperly classified in terms of their employment status. Partnering with a PEO/EOR in Greece is instrumental in mitigating these risks. The PEO/EOR ensures compliance with labor laws, proper employee classification, accurate payroll processing, and access to comprehensive benefits. By entrusting employment-related responsibilities to experienced professionals, businesses can concentrate on core operations with confidence in adhering to Greek regulations and avoiding misclassification pitfalls.

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Employment contract

Companies are not legally obligated to establish a formal employment contract in Greece. Instead, employers have the option to provide new employees with a written statement containing essential terms of the employment agreement. This statement must include details such as the identification of both parties, commencement date (and duration for temporary contracts), workplace location, job description, salary, benefits, working hours, holidays, notice periods for termination, and reference to collective agreements.

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There are no specific requirements regarding the format of this information, but it must be given to the new employee within the first two months of employment. Greek labor law generally differentiates between fixed-term and permanent employment contracts.

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It’s important for employers to understand the intricacies of these programs before making a hire. 

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This might sound overwhelming—but it doesn’t have to be. A solution like Gloroots eliminates the barriers for you. With Gloroots’ Employer of Record offering, hiring and managing employees globally is a piece of cake.

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Get an overview of what you need to know when hiring in Greece.

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Working Hour 

In Greece, the standard working week comprises 40 hours, usually distributed as eight hours per day over five working days. If both the employer and employee agree, the working week can be extended to 48 hours.

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Overtime

Any work beyond the standard weekly working hours is considered overtime, regulated by employment contracts or collective agreements. When employees are required to work overtime or on holidays, the maximum limit is 48 hours per week, inclusive of overtime, spread over four months. Different maximum working hours apply to minors.

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Overtime hours exceeding 40 hours per week and one additional hour per working day are compensated at 120.00% of the employee's basic salary rate for daytime work and 125.00% for night work, for the first hour. For the following two hours, the rate increases to 140% of the salary. A maximum of 150 overtime hours can be worked in a year.

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Public holidays

The nation observes a total of fourteen public holidays, which include Easter Sunday and Whit Sunday. If employees are required to work on a public holiday, they are entitled to receive compensation at a rate of 175% of their regular pay.

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Payroll

In Greece, the usual payroll cycle is on a monthly basis, and payments must be made on the same day of each month or before the last working day of the month.

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Minimum Wage

The minimum wage in Greece stands at 780.00 EUR per month.

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Sick Pay

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Tax

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Payroll contributions

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Employment Termination

The process of terminating an employee varies depending on the specific employment agreement and collective agreement in effect, as well as the type of contract and the reason for termination. If an employer wishes to terminate an employee with an indefinite contract, they must provide written notice of termination, and the employee must be registered with the Unified Social Security Fund (EFKA).

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Notice Period

Collective agreements may include provisions regarding notice periods, and if they differ from the statutory notice periods, both the employer and employee must adhere to the periods specified in the collective agreement.

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Severance pay

The severance pay is determined by the duration of the employee's service. After completing one year of service, employees are eligible for severance as follows:

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However, no severance pay is required if the worker resigns.

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Probation Period 

In Greece, there is no provision for a probation period. However, within the first year of employment, a worker can be dismissed without notice or severance.

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When expanding your hiring efforts globally, ensuring compliance becomes a crucial challenge. Employers must meticulously navigate through employment laws, payroll procedures, DE&I compliance, GDPR, and other data protection regulations. Setting up infrastructure and initiating the hiring process can be time-consuming, and staying updated on the ever-evolving compliance landscape adds another layer of complexity.

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At Gloroots, we are here to simplify these challenges for you. Our comprehensive solutions offer a single window to efficiently manage all your hiring tasks. With our in-house experts, you can rest assured knowing that they will shield you from local and international employment and payroll compliance risks. They will assist you in generating employment contracts, ensuring timely payments, and providing compliant benefits, while your focus remains on talent screening and selection.

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Our commitment is to provide you and your employees with a stress-free global employment experience.

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Contact our experts today to kickstart your global hiring campaign in Greece.

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Expand your team in Greece with Gloroots' global Employer of Record (EoR) service. Let Gloroots handle payroll, tax, benefits, and compliance, while you focus on employee growth and company success. Ensure seamless and compliant employment practices in Greece's vibrant business landscape.

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