From April 1, 2025, Greece implemented a new national minimum wage, impacting both white-collar and blue-collar workers across the country. For employers operating in Greece or planning expansion into the market, understanding these changes and their broader compliance obligations is essential.
Greece’s new minimum wage in 2025
Effective April 1, 2025, Greece increased its national minimum wage to EUR 880 (approximately USD 984.91) per month for white-collar workers and EUR 39.30 (approximately USD 43.99) per day for blue-collar workers.
Under Greek labor law, individual and collective labor contracts may not establish monthly or proportional salaries below the statutory minimum. This applies to both full-time and part-time employment arrangements.
Employers must ensure all compensation agreements meet or exceed the national minimum wage thresholds.
Payroll Frequency in Greece
Greek law requires that wages be paid on a regular basis, with the exact frequency outlined in each employee's individual employment contract. While the legislation allows for flexibility, timely payment remains a legal obligation for employers.
Bonuses, Profit Sharing and Other Compensation
In addition to base pay, Greek law mandates that full-time employees receive specific annual bonuses. These include:
A Christmas bonus equivalent to one month’s salary
An Easter bonus equal to half a month’s salary
A vacation bonus also equal to half a month’s salary
These payments are statutory and must be provided in accordance with applicable labor regulations.
Implications for Employers in Greece
Employers operating in Greece must review and adjust compensation packages to comply with the updated minimum wage requirements of 2025. This may involve revising individual contracts, updating payroll systems, and budgeting for mandatory bonuses throughout the year.
Failure to meet these obligations may result in legal penalties and reputational damage. Proactive planning and compliance will help ensure uninterrupted operations and maintain a positive employer-employee relationship.