employer of record slovakia

Slovakia

The Slovak Republic is a central European parliamentary democracy that is well-known for its stunningly beautiful mountainous landscape as well as its historic and culturally significant old towns.

One of the countries in Europe with the highest level of social equality is Slovakia, thanks to its robust social security system and a free market economy. The 2.8 million people who are employed in Slovakia enjoy a high quality of life since the country provides free education, free healthcare for all residents, and excellent work-life advantages.

Currency:
Euro (€)
Capital:
Bratislava
Language:
Slovak
Working Hours
8 hours a day / 40 hours a week
Holidays:
15
Tax years:
January 1st to December 31st
Data format:
DD/MM/YYYY
Payroll Frequency:
Monthly
Population:
5 Million (2022 est.)
GDP:
$127.53 billion
Time Zone:
UTC +1

Why work in

Slovakia

?

Slovakia has recently become a prominent outsourcing destination. The country's manpower is available at very competitive rates while offering excellent work results.

Slovakia is a very appealing outsourcing market, particularly for enterprises situated in other European countries, because the time difference and cultural differences are low. There is also no need to be concerned about language obstacles, given that the majority of university graduates have a very excellent command of English.

Through the Gloroots’ Recrew platform, you can discover amazing talent in the Slovakia.

Hire in
Slovakia

Grow your team in

Slovakia

Growing your team in Slovakia demands meticulous attention to hiring the right talent at the opportune moments for specific roles. Complying with Slovakia's employment regulations necessitates a local legal entity and access to local resources for seamless management of payroll, tax, benefits, and compliance, which can be challenging due to intricate employment laws.

Gloroots' esteemed global Employer of Record (EoR) service eases this burden by handling payroll, tax, benefits, and compliance, empowering you to focus on your paramount priorities: nurturing your employees and fostering exponential company growth.

Onboard in
Slovakia

Risks of misclassification

In Slovakia, misclassification of workers poses significant risks for businesses. Incorrectly classifying employees as independent contractors or freelancers can lead to legal and financial repercussions, including penalties and back pay for unpaid taxes and benefits. Non-compliance with labor laws and regulations may result in fines and damage to a company's reputation.

To mitigate these risks, partnering with a reputable PEO/EOR in Slovakia is crucial.

Know more

Employing in

Slovakia

Employing in Slovakia entails adhering to the labor laws and regulations that safeguard the rights of the country's workforce, which comprises approximately 2.5 million individuals. The Slovakian Labor Code encompasses provisions to prevent discrimination based on age, religion, sexual orientation, gender expression, and race, ensuring equal opportunities for employees.

For enterprises seeking to hire employees in Slovakia, consulting with Gloroots is highly recommended to obtain comprehensive information on available options and to navigate the intricacies of the Slovakian employment landscape effectively. 

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Payroll

Employment contract

In Slovakia, employment agreements must be in writing to be legally valid, and both the employee and employer must receive a copy. The contract must include essential terms such as the identification of both parties, commencement date (and employment duration for temporary contracts), workplace, job description, basic salary, and other compensation or benefits (unless specified in a collective agreement), payment details, working hours, total holidays, notice periods for termination, and any probation period if applicable.

By default, employment agreements in Slovakia are considered permanent, but fixed-term contracts are allowed as long as they don't exceed two years. The employment contract must be concluded no later than the employee's first day at work, ensuring clear terms and conditions for the employment relationship.

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

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.

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

Working Hour 

The typical workweek consists of 40 hours, with 8 hours dedicated to each working day.

Overtime

All work exceeding the standard weekly working hours is considered overtime and is subject to regulation through employment contracts or collective agreements. 

Overtime hours, which surpass 40 hours per week, are remunerated at a rate of 125% of the employee's average salary rate. In the case of work performed during night hours, overtime is compensated at 140% of the standard salary rate. Additionally, work completed on Saturdays is rewarded at 150% of the regular salary rate, while overtime on Sundays warrants a compensation rate of 200% of the standard salary rate.

Notably, executives and C-level workers are exempt from overtime regulations.

Public holidays

Public holidays that occur on weekends are typically forfeited or lost.

Maternity leave 

If a female employee is going to have a baby, she can take 34 weeks of paid time off from work. But if she's expecting more than one baby, like twins, she can have up to 43 weeks of maternity leave. And if she's a single mom, she can take 37 weeks off with pay. Normally, she can start her maternity leave about six to eight weeks before her baby is due, but it must be at least 14 weeks in total as required by the law.

During this time, the Social Security agency will give her 75% of her daily salary as her maternity pay.

Payroll

The usual payroll frequency is monthly, with employers required to make salary payments at least once every month.

Minimum Wage:

The minimum wage set by the government is 700.00 EUR per month.

Annual leave: 

Employees who have worked for their employer for a minimum of 60 days are eligible for at least four weeks of annual leave. However, employees over the age of 33 and those with children are entitled to five weeks of annual leave. 

Slovakia's labor law recognizes 15 public holidays, which include Easter Sunday, during which employees are typically not obliged to work. If an employee's job requires work on any of these public holidays, they are entitled to receive double pay for their services.

Sick Pay:

To be eligible for sick leave, the absence must be approved by a medical professional.The employer covers the cost of sick leave for the initial 3 days at 25% of the employee's regular pay rate. From the 4th to the 10th day of sickness, the compensation is at 55% of the employee's standard salary. After the 11th day, sick leave is compensated by the Social Insurance Agency at 55% of the employee's regular salary.

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Tax

Income Tax

Income Range Tax Rate
Up to 41,445.46 EUR 19%
41,445.46 EUR and above 25.00%

SOCIAL SECURITY AND OTHER TAX

Contribution Type Rate Maximum Monthly Assessment Base
Sickness Insurance 1.40% 8,477 EUR
Old Age Pension 14.00% 8,477 EUR
Disability Insurance 3.00% 8,477 EUR
Unemployment Insurance 1.00% 8,477 EUR
Guarantee Insurance 0.25% 8,477 EUR
Accident Insurance 0.80% Not Applicable
Solidarity Reserve Fund 4.75% 8,477 EUR
Health Insurance 10.00% Not Applicable
Meal Vouchers 3.02 €/day Not Applicable
Recreation Vouchers 275 €/year Not Applicable
Recreation Vouchers (2 years and above) 35.20% Not Applicable
Total Employer Cost (excluding vouchers) 35.40% Not Applicable

Separation

EOR Service in Slovakia

Hire, Onboard and Pay Employees in Slovakia Quickly and Efficiently

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Hiring in Slovakia at a glance

CURRENCY
Euro (€)
working hours
8 hours a day / 40 hours a week
public/bank holidays
15
capital
Bratislava
language
Slovak
date format
DD/MM/YYYY
remote workers
1.2M
tax year
January 1st to December 31st
minimum hourly salary
No minimum wage
CURRENCY
Euro (€)
working hours
8 hours a day / 40 hours a week
public/bank holidays
15
capital
Bratislava
language
Slovak
date format
DD/MM/YYYY
tax year
January 1st to December 31st
Population
5 Million (2022 est.)
GDP
$127.53 billion

Employer of Record in Slovakia

Slovakia, a land of boundless opportunity for global enterprises seeking extraordinary talent amidst its dynamic milieu of skilled professionals and cost-effective recruitment prospects. When navigating the maze of Slovakia's intricate labor laws and regulations,partnering with a venerable Employer of Record (EOR), ensures compliance with local statutes.

Why use Slovakia EOR?

Partnering with a Slovakia EOR/PEO holds paramount advantages. Slovakia's dynamic business landscape brims with cost-effectiveness, offering competitive labor rates, rendering it a haven for corporations seeking expansion.

Unlike many employer-friendly nations, Slovakia’s labor laws focus on protecting the rights of their employees. This can be seen via the standards the country has laid out for employee’s safety and health at the workplace. Additionally, trade unions heavily influence various employment laws. They do this through collective bargaining agreements. CBAs play a role in amending laws pertaining to wages across each sector.

By leveraging Gloroots' Recrew platform, businesses can harness the exceptional potential of Slovakia's talent pool and embark on an exponential growth trajectory. 

EOR Costs in Slovakia

EORs in Slovakia base their pricing on two common pricing models: fixed pricing and percentage-based pricing.

In a fixed pricing model, the EOR charges a predetermined fixed fee for each employee or service provided. Companies with long-term goals to grow in Slovakia can partner with EORs following fixed pricing. Such a model allows employers to plan their hiring budgets when hiring talent in Slovakia. 

Alternatively, the percentage-based pricing allows EORs in Slovakia to charge a percentage of the employee's salary - 3% to 10% - as their fee. The percentage depends on various factors- the number of employees, specific services required, and the duration of the engagement. Such a pricing model suits companies with fluctuating or project-based workforce needs.

Discuss with your EOR partner prior about cost arrangements before expanding in Slovakia.

Key Metrics For Foreign Employers

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

Factors Global Ranking Interpretation
Rule of law

Labour-employer cooperation

Reading Maths, and Science

University Ranking

Labour productivity per employee

Ease of finding skilled employees

Workforce with tertiary education

Digital Skills
37

73

37

60

39

103

48

54
Indicates effectiveness of law enforcement

Indicates positive labor-employee relationships

Indicates average scores in OECD's survey of 15-year-old students

Indicates average QS rankings

Indicates total output by the total labor input used to produce that output

Indicates findability of skilled talent

Indicates % of the workforce with PG degrees

Indicates the prevalence of advanced digital skills in the population

Source: The Global Talent Competitiveness Index 2022

Why work in Slovakia?

Slovakia has recently become a prominent outsourcing destination. The country's manpower is available at very competitive rates while offering excellent work results.

Slovakia is a very appealing outsourcing market, particularly for enterprises situated in other European countries, because the time difference and cultural differences are low. There is also no need to be concerned about language obstacles, given that the majority of university graduates have a very excellent command of English.

Through the Gloroots’ Recrew platform, you can discover amazing talent in the Slovakia.

Grow your team in Slovakia

Growing your team in Slovakia demands meticulous attention to hiring the right talent at the opportune moments for specific roles. Complying with Slovakia's employment regulations necessitates a local legal entity and access to local resources for seamless management of payroll, tax, benefits, and compliance, which can be challenging due to intricate employment laws.

Gloroots' esteemed global Employer of Record (EoR) service eases this burden by handling payroll, tax, benefits, and compliance, empowering you to focus on your paramount priorities: nurturing your employees and fostering exponential company growth.

Risks of misclassification

In Slovakia, misclassification of workers poses significant risks for businesses. Incorrectly classifying employees as independent contractors or freelancers can lead to legal and financial repercussions, including penalties and back pay for unpaid taxes and benefits. Non-compliance with labor laws and regulations may result in fines and damage to a company's reputation.

To mitigate these risks, partnering with a reputable PEO/EOR in Slovakia is crucial.

Contact Us

Employing in Slovakia

Employing in Slovakia entails adhering to the labor laws and regulations that safeguard the rights of the country's workforce, which comprises approximately 2.5 million individuals. The Slovakian Labor Code encompasses provisions to prevent discrimination based on age, religion, sexual orientation, gender expression, and race, ensuring equal opportunities for employees.

For enterprises seeking to hire employees in Slovakia, consulting with Gloroots is highly recommended to obtain comprehensive information on available options and to navigate the intricacies of the Slovakian employment landscape effectively. 

Tax

Income Tax

Income Range Tax Rate
Up to 41,445.46 EUR 19%
41,445.46 EUR and above 25.00%

SOCIAL SECURITY AND OTHER TAX

Contribution Type Rate Maximum Monthly Assessment Base
Sickness Insurance 1.40% 8,477 EUR
Old Age Pension 14.00% 8,477 EUR
Disability Insurance 3.00% 8,477 EUR
Unemployment Insurance 1.00% 8,477 EUR
Guarantee Insurance 0.25% 8,477 EUR
Accident Insurance 0.80% Not Applicable
Solidarity Reserve Fund 4.75% 8,477 EUR
Health Insurance 10.00% Not Applicable
Meal Vouchers 3.02 €/day Not Applicable
Recreation Vouchers 275 €/year Not Applicable
Recreation Vouchers (2 years and above) 35.20% Not Applicable
Total Employer Cost (excluding vouchers) 35.40% Not Applicable

Separation

Start Hiring in Slovakia 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 cross-border 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 Slovakia.

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Experience Seamless Hiring in Slovakia?

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