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Greece
Greece
Navigate country regulations and labor laws across geographies with confidence.
Currency
EUR
State
N.A
Language Spoken
Greek
Payroll Frequency
Annually, Monthly, Hourly
General Information
Greece is officially known as the Hellenic Republic and is located in south-eastern Europe. The official language is Greek, although several other languages are spoken throughout the country. Significant Greek industries include tourism and shipping. Recent demand for international maritime transportation between south-eastern Europe and Asia has resulted in significant investment in the Greek shipping industry.
Holidays
There are 11 Public Holidays. Public holidays that fall on the weekend are usually lost.
PTO
During the first calendar year of employment, the employee is entitled to proportionate holiday time. In a five-day employment schedule, the holiday time is calculated at twenty working days of paid holiday for the year of employment, rounding up the result for shorter periods.
In the second calendar year, once twelve months of employment are completed, holiday time increases by one working day. Therefore, by the end of the second calendar year, the employee is entitled to 21 working days of paid holiday in a five-day employment schedule.
In the third calendar year, the employee is entitled to receive the entire holiday time at any time of the year, even on the 1st of January. Once 24 months of employment are completed, the employee is entitled to receive 22 working days of paid holiday in a five-day employment schedule.
For employees who have been working for more than 12 years for any employer or for more than 10 years for the same employer, holiday time is calculated on a basis of 25 working days for a five-day employment. Once 25 years of service are completed, an extra day of paid holiday is added, and the employee is entitled to 26 working days of paid holiday.
Sick Days
Employees who provide a professional medical certificate within 48 hours are entitled to an amount of paid sick leave dependent on the number of years of completed service.
Employees who have completed between one and four years of service are entitled to one month of paid sick leave
Employees who have completed between four and ten years of service are entitled to three months of paid sick leave
Employees who have completed between ten and fifteen years of service are entitled to four months of paid sick leave
Employees who have completed more than fifteen years of service are entitled to six months of paid sick leave
During the first year of employment, half pay is given for the first three days of illness followed by 15 days at full pay
Severance Pay
The amount of severance is based on the length of the employee’s service. After completing one year’s service, workers will be entitled to severance as follows:
1-4 years of employment = 2 gross salaries
4-6 years of employment = 3 gross salaries,
6-8 years of employment = 4 gross salaries.
No severance is required when the worker resigns.
13th & 14th Month Salary
According to Greek law, all employees in the private sectors are entitled to two additional monthly salaries divided into three payments – Christmas (one full monthly salary), Easter (half a monthly salary), and Vacation Bonus (half a monthly salary) and all the above bonus payments must be paid only in cash and not be paid in kind.
The payment of the Christmas Bonus must be made by December 21st. In case the Christmas Bonus is not paid on time, the employees should apply to the relevant Labor Inspectorate. The Labor Inspectors of SEPE are responsible for the imposition of the relevant fines.
Greece is officially known as the Hellenic Republic and is located in south-eastern Europe. The official language is Greek, although several other languages are spoken throughout the country. Significant Greek industries include tourism and shipping. Recent demand for international maritime transportation between south-eastern Europe and Asia has resulted in significant investment in the Greek shipping industry.
There are 11 Public Holidays. Public holidays that fall on the weekend are usually lost.
During the first calendar year of employment, the employee is entitled to proportionate holiday time. In a five-day employment schedule, the holiday time is calculated at twenty working days of paid holiday for the year of employment, rounding up the result for shorter periods.
In the second calendar year, once twelve months of employment are completed, holiday time increases by one working day. Therefore, by the end of the second calendar year, the employee is entitled to 21 working days of paid holiday in a five-day employment schedule.
In the third calendar year, the employee is entitled to receive the entire holiday time at any time of the year, even on the 1st of January. Once 24 months of employment are completed, the employee is entitled to receive 22 working days of paid holiday in a five-day employment schedule.
For employees who have been working for more than 12 years for any employer or for more than 10 years for the same employer, holiday time is calculated on a basis of 25 working days for a five-day employment. Once 25 years of service are completed, an extra day of paid holiday is added, and the employee is entitled to 26 working days of paid holiday.
Employees who provide a professional medical certificate within 48 hours are entitled to an amount of paid sick leave dependent on the number of years of completed service.
Employees who have completed between one and four years of service are entitled to one month of paid sick leave
Employees who have completed between four and ten years of service are entitled to three months of paid sick leave
Employees who have completed between ten and fifteen years of service are entitled to four months of paid sick leave
Employees who have completed more than fifteen years of service are entitled to six months of paid sick leave
During the first year of employment, half pay is given for the first three days of illness followed by 15 days at full pay
The amount of severance is based on the length of the employee’s service. After completing one year’s service, workers will be entitled to severance as follows:
1-4 years of employment = 2 gross salaries
4-6 years of employment = 3 gross salaries,
6-8 years of employment = 4 gross salaries.
No severance is required when the worker resigns.
According to Greek law, all employees in the private sectors are entitled to two additional monthly salaries divided into three payments – Christmas (one full monthly salary), Easter (half a monthly salary), and Vacation Bonus (half a monthly salary) and all the above bonus payments must be paid only in cash and not be paid in kind.
The payment of the Christmas Bonus must be made by December 21st. In case the Christmas Bonus is not paid on time, the employees should apply to the relevant Labor Inspectorate. The Labor Inspectors of SEPE are responsible for the imposition of the relevant fines.
Greece
