EOR Service in Slovakia

Shraddha Saxena

Hire, Onboard and Pay Employees in Slovakia Quickly and Efficiently

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 (€)
public/bank holidays
15
capital
Bratislava
language
Slovak
date format
DD/MM/YYYY
tax year
January 1st to December 31st
payroll frequency
Monthly
GDP
$127.53 billion
working hours
8 hours a day / 40 hours a week

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 37 Indicates effectiveness of law enforcement
Labour-employer cooperation 73 Indicates positive labor-employee relationships
Reading Maths, and Science 37 Indicates average scores in OECD's survey of 15-year old students
University Ranking 60 Indicates average QS rankings
Labour productivity per employee 39 Indicates total output by the total labor input used to produce that output
Ease of finding skilled employees 103 Indicates findability of skilled talent
Workforce with tertiary education 48 Indicates % of workforce with PG degrees
Digital Skills 54 Indicates prevalence of advanced digital skills in the population

Source: The Global Talent Competitiveness Index 2023

Why work in Slovakia?

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.

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.

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Avoid hefty penalties with Gloroots.

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Employing in Slovakia

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

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

Employment Termination

The process of termination varies depending on the Employment Agreement or Collective Agreement in effect and is determined by the type of contract and the reason for the termination. The employer has the option to terminate an employee with notice for lawful reasons, such as employer liquidation or relocation, employee redundancy, health-related incapacity to work, unsatisfactory performance, or disciplinary infractions.

Notice Period

The length of the notice period is contingent on the employee's length of service as outlined below:

  • Workers are entitled to a minimum of 1 month's notice.
  • Employees with 1 to 5 years of service must be given 2 months' notice.
  • Employees with 5 or more years of service must be given 3 months' notice.

Regarding the probationary period, written notification of termination should be provided at least 3 days prior to the exit date.

Severance pay

Employees are eligible for severance pay under the following circumstances:

1. Company dissolution or relocation, with the employee opting not to relocate.

2. Employee redundancy.

3. Employee's inability to perform the job due to health reasons.

The amount of severance pay depends on the employee's length of service and the reason and type of termination. If an employee is terminated with notice, they are entitled to a minimum of four times their average monthly earnings as severance pay.

Probation period 

Operational positions have a probation period of up to 3 months, while Managerial positions have a probation period of up to 6 months.

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.

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.

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Experience Seamless Hiring in Slovakia?

Let us take care of all your employment needs. We guarantee easy onboarding & compliant workforce management in Slovakia.

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