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If you are interested in hiring a remote team in Slovakia, or even just individual remote employees in Slovakia, then you have come to the right place!
Rivermate is an Employer of Record (EOR) that offers Slovakia payroll solutions. As a Slovakia payroll provider, we will cover everything from salary, benefits, employer-to-employee contributions, and especially payroll compliance in Slovakia. We are confident Rivermate’s payroll solutions Slovakia will help you grow as a business—because now, you won’t have to worry about your payroll solutions Slovakia. We take care of everything payroll!
With Rivermate, you can run Slovakia 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 Slovakia 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.
Payroll rules regarding taxes and other factors must be followed. Employers, for example, must contribute 35.2% of each employee's gross salary to social security, subject to a cap. Employees, on the other hand, contribute 13.4% of their own salary to social security, subject to a cap. Retirement insurance, unemployment insurance, and injury insurance are all part of social security.
Companies that wish to expand their operations globally have four different payroll options in Slovakia. These payroll options are:
1. Internal Payroll. This payroll option is applicable for already established companies in Slovakia. 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. Slovakia payroll outsourcing: Outsourcing your payroll to an Employer of Record in Slovakia, 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!
It is the obligation of the employer to ensure that all payroll-related transactions are properly documented and recorded. All salaries and compensation payments must adhere to the local minimum wage as well as other applicable laws and regulations.
Rivermate's payroll services in Slovakia can assist you in staying in compliance with the country's ever-changing payroll rules. We provide an all-inclusive solution that covers everything from compliance and reporting to salary payments.)
Companies that have a business presence in Slovakia have different ways of managing payroll. However, most of the options you have for running payroll in Slovakia are either expensive or require establishing a subsidiary in Slovakia. The cheapest, most efficient, and most reliable payroll processing system in Slovakia is by outsourcing payroll to Employers of Record (EOR) in Slovakia. 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 Slovakia. 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 Slovakia. 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 Slovakia.
In Slovakia, employment contracts may be canceled if both parties agree. These may also apply to immediate terminations or to exceptional situations in which the employer is required to terminate the employment within two months of becoming aware of the grounds for immediate termination, and no later than one year from the day those grounds arose. Without specifying a reason for termination during the probationary period, a written notice must be given and delivered to the other party at least three days before to the designated termination date.
The Slovak Republic has increased its minimum salary to 623 EUR per month in 2021. However, many workers earn more than 900 EUR a month, and possibly even more depending on the company's health. Salary and perks are both considered part of work income under Slovak Republic compensation rules.
In Slovakia, the standard work week is 40 hours spread over five days. Employees may work between 37.5 and 40 hours per week under various shift work arrangements. A collective bargaining agreement or employment contract may specify a different weekly work schedule. Additional rules apply to employees who work in close proximity to hazardous chemicals or radiation, as well as to employees under the age of 16.
Slovakia has a national healthcare system. Permanent inhabitants and certain non-permanent residents are covered by the state system or one of two private health insurers that collaborate with the government system. Private supplemental insurance is available, although few individuals utilize it. There are also private providers and clinics. An employer must register an employee for health insurance within eight days of the employee's first day of work and remove the person from the register when employment ends.
Employee perks often include a corporate vehicle, a food allowance, a transportation allowance, an education allowance, a mobile phone, and flex time.