EOR Service in Greece

Shraddha Saxena

Hire, Onboard and Pay Employees in Greece Quickly and Efficiently

Hiring in Greece at a glance

CURRENCY
Euro (€)
working hours
40 hours
public/bank holidays
14 Days
capital
Athens
language
Greek
date format
DD/MM/YYYY
remote workers
1.2M
tax year
Jan 1st to Dec 31st
minimum hourly salary
No minimum wage
CURRENCY
Euro (€)
public/bank holidays
14 Days
capital
Athens
language
Greek
date format
DD/MM/YYYY
tax year
Jan 1st to Dec 31st
payroll frequency
Monthly, or bi-weekly
GDP
$317.06 billion (2021 estimate)
working hours
40 hours

Employer of Record in Greece

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.

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.

Why use Greece EOR?

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.

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.

EOR Costs in Greece

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.

Key Metrics For Foreign Employers 

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.

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

Factors Global Ranking Interpretation
Rule of law 93 Indicates effectiveness of law enforcement
Labour-employer cooperation 118 Indicates positive labor-employee relationships
Reading Maths, and Science 68 Indicates average scores in OECD's survey of 15-year old students
University Ranking 28 Indicates average QS rankings
Labour productivity per employee 58 Indicates total output by the total labor input used to produce that output
Ease of finding skilled employees 73 Indicates findability of skilled talent
Workforce with tertiary education 61 Indicates % of workforce with PG degrees
Digital Skills n/a Indicates prevalence of advanced digital skills in the population

Source: The Global Talent Competitiveness Index 2022

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.

Why work in Greece ?

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A rich text element can be used with static or dynamic content. For static content, just drop it into any page and begin editing. For dynamic content, add a rich text field to any collection and then connect a rich text element to that field in the settings panel. Voila!

How to customize formatting for each rich text

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Risks of misclassification

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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Employing in Greece

What’s a Rich Text element?

The rich text element allows you to create and format headings, paragraphs, blockquotes, images, and video all in one place instead of having to add and format them individually. Just double-click and easily create content.

Static and dynamic content editing

A rich text element can be used with static or dynamic content. For static content, just drop it into any page and begin editing. For dynamic content, add a rich text field to any collection and then connect a rich text element to that field in the settings panel. Voila!

How to customize formatting for each rich text

Headings, paragraphs, blockquotes, figures, images, and figure captions can all be styled after a class is added to the rich text element using the "When inside of" nested selector system.

Tax

Tax

Employee Income Range (EUR) Income Tax Rate (%)
0 - 10,000 9.00
10,001 - 20,000 22.00
20,001 - 30,000 28.00
30,001 - 40,000 36.00
Over 40,001 44.00

Payroll contributions

Employer Payroll Contributions (%) Max Limit on Employee Salary (EUR 7,126.94)
Pension Fund 4.30 %
Health Care 4.30 %
Health in Benefit 0.25 %
Supplementary Insurance 3.25%
Unemployment 1.20%
Professional Risk 1.00
High Occupational Risk (industry specific) 1.41
Total Employment Cost 24.74

Employee Payroll Contributions Rate
Pension Fund 6.67
Health Care 2.15
Health in Benefit 0.40
Supplementary Insurance 3.25
Unemployment 1.20
High Occupational Risk (industry specific) 2.20
Total Employment Cost 15.87

Separation

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).

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.

Length of Service Notice Period (in months)
Probation Period (1st year) No notice required
1 to 2 years 1
3 to 5 years 2
6 to 10 years 3
Over 10 years 4

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:

Years of service Severance
1 to 4 years of employment

4 to 6 years of employment

6 to 8 years of employment
2 month’s salary

3 month’s salary

4 month’s salary

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

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.

Start Hiring in Greece today

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.

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.

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

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

Grow your team in Greece

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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Experience Seamless Hiring in Greece ?

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