Employer of Record (EOR) in Greece
Employer of Record (EOR) in Greece provides international companies with a direct way to hire talent without setting up a legal entity. Greece, with a workforce of over 4.7 million, offers skilled professionals in shipping, tourism, agriculture, IT, and engineering. Businesses often choose EOR services in Greece due to complex labor laws, strict regulations on contracts, and mandatory social contributions. EOR providers help organizations manage payroll, compliance, and employee contracts while ensuring alignment with Greek employment laws. This model allows businesses to focus on operations while reducing compliance risks.
About Greece
Greece, located in Southeastern Europe, is known for its history, culture, and geographic position connecting Europe, Asia, and Africa. The country is a member of the European Union and the Eurozone, making it an attractive hub for companies seeking access to EU markets. Greece’s economy is diverse, with tourism, shipping, agriculture, and energy among its key sectors.
In recent years, Greece has experienced economic reforms and digital transformation efforts, improving its investment climate. The workforce is multilingual, with many professionals fluent in English, French, and German, making it easier for global firms to operate. Labor costs are comparatively lower than in Western Europe, which attracts foreign companies to consider Greece for both skilled and semi-skilled roles.
The country’s infrastructure, including modern ports and access to international trade routes, further supports business operations. With EOR solutions, companies can confidently hire employees in Greece, ensuring compliance with tax, employment, and social security laws while avoiding the administrative burden of establishing a local subsidiary.
Employment Terms and Regulations
Types of Contracts:
Permanent contracts, fixed-term contracts, part-time, and temporary agency contracts.
Job Titles:
Common in IT, tourism, logistics, maritime, and construction sectors.
Working Hours:
Standard 40 hours per week, typically 8 hours per day over 5 days.
Minimum Wage:
€780 per month (as of 2023).
Probation Period:
Usually up to 12 months for permanent contracts.
Taxation and Contributions
Employers in Greece must contribute to social security, covering pensions, healthcare, and unemployment benefits. These contributions are strictly regulated.
Types of Leave
Annual Leave:
20–26 days depending on years of service.
Sick Leave:
Paid partially by employer and social security.
Maternity Leave:
17 weeks (8 before and 9 after childbirth).
Paternity Leave:
14 days.
Public Holidays:
Around 12 per year.
Employee Benefits
Mandatory social security, health insurance, pensions, unemployment insurance, and holiday bonuses (Christmas, Easter, and summer allowance).
Termination Process
Termination must follow legal notice periods based on years of service. Dismissals require written notice and, in many cases, severance pay. Wrongful termination can lead to disputes.
Employer Taxes
Employer social security contributions in Greece are approximately 22.54% of gross salary (covering pensions, healthcare, unemployment, and benefits).
EMPLOYER TAXES
22.54% (Estimated)
FAQ's
How STM Manages Employment in India
Establishing an entity in every hiring location can be cost-prohibitive. STM simplifies the process by employing and paying your Indian talent on your behalf. We handle the intricate HR procedures and employment contracts in compliance with local laws. You can conveniently approve invoices through our platform. By partnering with an Employer of Record (EOR), you can efficiently and compliantly hire top talent globally.
Payment Processes for Indian Employees
We streamline payroll management for your Indian workforce. Employee hours, leaves, holidays, bonuses, and commissions are meticulously calculated. STM invoices you around the 15th of each month in your preferred currency, including US Dollars (USD), Euros (EUR), British Pounds (GBP), Canadian Dollars (CAD), or Singapore Dollars (SGD). This ensures your Indian employees receive their salaries promptly in Indian Rupees (INR). Simplify further by consolidating your global team’s salaries into a single payment.
Full-time Employees vs. Global Contractors
Contractors engage with multiple companies and are self-employed, while full-time employees focus solely on their employer and receive additional benefits like health insurance, equity, and time off. While hiring international contractors can be cost-effective, it comes with misclassification risks. Partnering with an EOR for contractor onboarding and payments ensures compliant and timely compensation.
Reliable Employee Support
Our platform offers accessible support for employees and employers with inquiries about benefits, visas, and global employment in India. Utilize the chat function to connect with our expert team. Additionally, every STM client is assigned a dedicated account manager, serving as the primary contact for global HR assistance.
