Employer of record services in Greece

Yes. We manage EFKA social security contributions, currently around 22.29% of gross salary for the employer, along with progressive income tax withholding. Greek law mandates 14 salary payments a year: 12 monthly payments plus a Christmas bonus (a full month’s salary) and Easter and summer bonuses (each half a month’s salary), which we build into standard payroll rather than treating as discretionary.

Beyond the mandatory 14-payment salary structure, competitive Greek employers add private health insurance, meal vouchers, and, particularly in Greece’s growing shipping, tourism, and tech sectors, performance-linked bonuses on top of the statutory ones. Flexible or remote work arrangements are also an increasingly strong draw in the Greek labor market.

Notice periods and severance both scale with tenure under Greek labor law, and severance is generally due regardless of whether notice was given, calculated using a statutory formula tied to years of service. Greek employment law also distinguishes between white-collar and blue-collar employees for some purposes, which affects the applicable calculation.

An EOR can typically onboard within one to two weeks for EFKA registration and contract issuance, compared with the several weeks needed to incorporate a Greek entity and register with the tax authority and social security fund.

Greece’s mandatory 14-payment salary structure and tenure-based severance formulas require local payroll expertise to manage accurately. An EOR handles that compliance and the associated liability, which is typically the more practical path for an initial Greek hire.