Greece has the 51st largest economy in the world, with a nominal gross domestic product (GDP) amounting to 189.410 billion USD per annum. It is also the 16th-largest economy in the European Union. Tourism has been one of the largest and most active sectors in Greece until the COVID-19 outbreak. In recent years, the banking and finance sectors in Greece have attracted huge international hedge funds due to the Greek non-performing loan (NPL) market which is the largest in Europe by a large margin. There is also a rise in investment in real estate and logistics. Once the pandemic situation improves, we can expect the tourism sector to rise, as well as foreign investors to position themselves in the country again.
Employers need to follow the strict employment guidelines set forth by the local authorities before they could employ in Greece. 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 Greece. With one seamless integration and local legal entity, we take care of the compliance matters so that you can start your globelizing plan immediately.
Greece’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.
Greece’s new labour law 4808/2021 came into force in June 2021, which introduced significant reforms in the labour relations.
Employees in Greece enjoy protection against workplace discrimination, sexual harrassment, as well as dismissal due to COVID-19.
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 Greece.
There are two main trade union confederations in Greece: the General Confederation of Greek Workers (GSEE), which organises private sector employees and employees, and the Civil Servants’ Confederation (ADEDY), which organises civil servants as well as those working in ministries and local authorities. The trade unions in Greece are highly politicised; major political parties are represented directly in the trade unions. Nonetheless, they all work towards protecting and enshrining workers’ rights, including parental rights in Greece.
For a fixed-term contract, the maximum length of probation is 1 month. For an indefinite contract, the probation period is 1 year.
Company or Individuals who are looking to hire talents and run payroll globally
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