Austria (officially the Republic of Austria) is consistently ranked in the top 20 richest countries in the world. With its strong economy and socio-economic partnerships, Austria offers ideal conditions for international investors. The key industries that contribute to the economic growth of the country include food and luxury commodities, mechanical engineering and steel construction, chemicals, and vehicle manufacturing. Austria is also ranked 21 most competitive nations in the world out of 140 countries in the Global Competitiveness Report published by the World Economic Forum. Jobs in rising demand are geared towards teleworking, including jobs in the fields of marketing, software engineering, UX development and web development.
Employers need to follow the strict employment guidelines set forth by the local authorities before they could employ in Austria. This process can be time-consuming as the company first needs a legal entity in the country and it needs to manage payroll, tax, benefits and compliance.
Global payroll solutions make it easy to find and hire top talent in Austria. With one seamless integration and local legal entity, we take care of the compliance matters so that you can start your globelizing plan immediately.
Austria’s worker classification labour and tax laws distinguish between contractors and full timers. If the individual meets the legal definition of an employee but is classified as a contractor, your company will face penalties.
Employment rules and regulations in Austria are codified in various federal laws. These include the statutes on white-collar workers (Angestelltengesetz), statutes concerning working times (Arbeitszeitgesetz), paid vacation (Urlaubsgesetz) as well as labour protection act (Arbeitnehmerschutzgesetz).
Globelise will be able to help you navigate through the employment process and so that you will be able to offer a competitive and compliance offer to attract and retain your employees in Austria.
The Austrian Trade Union Federation or Austrian Federation of Trade Unions is the labour union of Austrian employees. It is currently subdivided into 7 separate unions, representing manual and non-manual workers in different parts of the economy.
Employees may seek their unions for help when they feel that they are unfairly treated or have been non-compliant with their employment terms.
Probation is optional in Australia. The minimum probation period is 1 day and the maximum probation period is 1 month.
Company or Individuals who are looking to hire talents and run payroll globally
Talents who wants to work compliantly from anywhere