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If you are interested in hiring a remote team in Greece, or even just individual remote employees in Greece, then you have come to the right place!
Rivermate is an Employer of Record (EOR) that offers Greece payroll solutions. As a Greece payroll provider, we will cover everything from salary, benefits, employer-to-employee contributions, and especially payroll compliance in Greece. We are confident Rivermate’s payroll solutions Greece will help you grow as a business—because now, you won’t have to worry about your payroll solutions Greece. We take care of everything payroll!
With Rivermate, you can run Greece payroll services in just one click—regardless of currency, benefits, insurance, and your local labor laws. Everything is automated. Our priority is for you to focus on your company’s strategy and growth.
Our Rivermate Global Payroll services are made especially for startups and scaleups. We know that startups try to be extra prudent when it comes to choosing a payroll provider, so it is our mission at Rivermate to be your most reliable and cheapest payroll provider option. So if you’re looking for global payroll providers for small businesses, look no further and book a call with us now!
Once you've determined the best Greece payroll option for your company, you'll need to collect some information from employees in order to add them to your payroll. Begin by acquiring their personal identification number, tax deduction card, and emergency contact information. When an employee begins working and provides you with their tax deduction card, they become a part of the social security system and are eligible for benefits.
Employers must be concerned about corporate tax rates as well as personal income tax rates for their employees. The Greek social security system requires contributions from both employers and employees, with employers contributing 24.33% of payroll and employees contributing 15.33% of wages. For all businesses, the corporate income tax rate is 24%.
Companies that wish to expand their operations globally have four different payroll options in Greece. These payroll options are:
1. Internal Payroll. This payroll option is applicable for already established companies in Greece. It includes devoting an entire Human Resources staff to running the company's payroll procedures.
2. Remote Payroll. Smaller firms may lack the capacity to handle their own payroll, but they may add their workers to the parent company's payroll. This action, on the other hand, requires considerable thinking. You must guarantee that you follow the rules and laws of each nation.
Working with a local outsourcing firm is one method to retain money in the local economy, but you'll still need to study all of the local rules and regulations, since you'll be held responsible.
3. Greece payroll outsourcing: Outsourcing your payroll to an Employer of Record in Greece, such as Rivermate, is another alternative for Andorra payroll outsourcing. We can manage all aspects of your payroll, including compliance. Send us a note and we'll get back to you as soon as possible!
Payroll management entails keeping track of all your employees' financial information while remaining fully compliant with the country's rules and regulations.
Statutory payroll compliance in Greece entails adhering to the specific labor and employment laws established by the Greek Constitution, the Greek Civil Code, case law, and other ministerial laws and decisions.
Companies that have a business presence in Greece have different ways of managing payroll. However, most of the options you have for running payroll in Greece are either expensive or require establishing a subsidiary in Greece. The cheapest, most efficient, and most reliable payroll processing system in Greece is by outsourcing payroll to Employers of Record (EOR) in Greece. Rivermate is one of those Employers of Record.
At Rivermate, we offer you the most efficient, most compliant, and cheapest HR and Payroll Management services in Greece. We do this by taking care of your payroll-related needs, such as keeping track of your employees’ financial records, including incentives, gross and net salary, and payslips, all the while staying compliant with the labor laws in Greece. Because we do your online payroll management for you, you can have absolute focus on your business’ strategy and growth.
Rivermate is all about growth through collaboration and we achieve this by offering the most reliable yet cheapest services for managing payroll for small businesses in Greece.
An indefinite employment agreement is regarded employment with a probationary period during the first 12 months of the agreement, which may be terminated without notice or severance compensation during the probationary period, unless the parties agree differently.
After the initial 12 months, the employee cannot be terminated without the employer's prior written notice, which takes effect on the day the employee is notified.
These regulations apply to all types of terminations, including collective dismissals of non-workers. No notice is required when terminating employees.
A fixed-term contract may be terminated without notice by either the employee or the employer prior to the end date for a 'significant reason'. Significant reasons are occurrences that occur throughout the employer-employee relationship that make it hard to continue in good faith with the agreement. If there is a compelling justification, the employer is not required to provide compensation.
Additionally, the labor law states that upon termination, a fixed-term employment contract that includes a provision for early termination in compliance with the required severance computation is automatically converted into an indefinite-term employment contract.
The minimum wage in Greece is set at 650€ per month or 29.04€ per day.
The standard workweek consists of forty hours spread over five days. Employers and employees may agree to a six-day workweek with a maximum of 48 hours per day. Over a four-month period, the workweek may not exceed an average of 48 hours, including overtime. Certain sectors may have their own set of rules. Between 10 p.m. and 6 a.m. is considered evening work. It is compensated at 125% of the basic rate and is limited to eight hours per day.
In Greece, overtime is divided into two categories. Iperergasia, or extra time, is limited to one hour per day and is compensated at a rate of 120% of the basic salary.
Employees who worked for at least 50 days in the previous 15 months are generally eligible for free health and dental care through social security.
Some employers offer cars, health insurance, and/or housing allowances.