Employees in Greece
- Opening Hours
- Legal Weekly Duration
- 8-hour day and 48-hour week.
- Maximum Duration
- In companies where a contractual working week of up to 40 hours is implemented, employees may work an extra five hours per week at the employer’s discretion (overtime). These hours of overtime (from the 41st to the 45th hour) are compensated at the current hourly wage, increased by 25%, and are not calculated as part of the maximum overtime work allowed by current provisions. For employees who work a six-day working week, the above-described overtime is eight hours per week (from the 41st to the 48th hour).
- Night Hours
- Night work is prohibited for certain categories of employee: women workers and minors. There are numerous exemptions from the general ban mentioned above, as permitted by Article 4 of the ILO Convention. It does not apply to women who occupy positions of responsibility or senior posts of a technical nature, to nurses or to women employed in allied occupations. When employees are doing night work they are entitled to an enhanced rate of pay equal to 25 per cent. above the normal pay.
- Working Rest Day
- Paid Annual Vacation
- Greek law stipulates a (minimum) annual holiday entitlement of 24 working days for employees who work a six-day week and 20 working days for employees who work a five-day week, once they have completed the basic "waiting" time (qualifying period of employment).
- Retirement Age
- Child Labor and Minimum Age For Employment
- In Greece, under the relatively recent Law 1837/1989 on the protection of minors in employment the minimum age for entry into employment is 15: minors of any age who have not yet attained this minimum are prohibited from being employed.
- Informal Labor Market
- Very widespread in Greece, they account for possibly 25 per cent. of the gross national product. Their main feature is that they evade all control by the authorities, taxation obligations and social charges (social insurance, health and safety conditions and employees' holiday entitlements).
The Cost of Labor
- Minimum Wage
- 668 EUR
- Average Wage
- EUR 750. For more information, visit the "Invest in Greece" website.
- Other Forms of Pay
- Pay For Overtime
- Whether by consent or unilaterally imposed, overtime attracts extra pay in respect of the hours of overtime worked.
- Pay For Rest Days Worked
- Employees who have worked on a Sunday or public holiday are entitled to their statutory minimum or contractual day's pay plus 75 per cent. of the statutory day's pay. They are entitled to this increased rate even if they take time off in lieu during the week, and regardless of whether their employment on a Sunday or public holiday was lawful or unlawful.
Social Security Costs
- The Areas Covered
- In Greece, the system of social insurance is a mixed one, in that it also contains elements of social security (such as pensions for the elderly). The correlation between the sums contributed and the benefits paid out, which is the characteristic feature of social insurance, is gradually disappearing. The system is notable for the wide array of insurance institutions which exist (some 385 of them), and the resultant lack of uniformity as regards both the criteria determining entitlement and the actual level of protective benefits.
Contributions Paid By the Employer: Public social security as %
of monthly salary:
By the employer: 28.06%
By the employee: 16.00%
Contributions Paid By the Employee: For institutions which insure employees, the cost of contributions is borne by both employees and employers; there are no standard rules on how this is shared between them, but with IKA the employer usually pays two thirds and the employee one third.
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