An employer can expect to contribute 24.8% in social contributions on top of an employee’s salary.

Employees in Greece are taxed from 9% to 44% depending on their income bracket. Social contributions are 15.3%.

Greece has a statutory notice period of 12 months in which employment can be ended immediately with no severance, unless otherwise agreed by both parties.

Working hours in Greece are limited to 40 hours per week. Employers can request that employees work an additional five hours per week (i.e. 9 hours per day). This is known as “overwork” and must be paid at 120%.This does not apply if they're considered a “managerial employee,” defined as an employee that acts as an owner of the business, or if they receive exceptionally high wages compared to other employees in the business.

For terminations to be valid in Greece, employers are obliged to provide written notice and make a severance payment.Since May 2019, employers must also have a valid reason to terminate an employment contract, even when statutory severance is paid. Failure to provide a valid reason for terminating an employee could result in a claim from the employee with the burden of proof lying with the employer.Statutory severance pay varies depending on the duration of employment:Between one and four years of employment: Two months’ salaryBetween four and six years of employment: Three months’ salaryBetween six and eight years of employment: Four months’ salaryBetween eight and 10 years of employment: Five months’ salaryBetween 10 and 16 years of employment: One month’s salary per year of employment