New minimum wage 2022

2022 - 5 - 25

New Minimum Wage In Greece (Mondaq News Alerts)

The Greek Ministry of Labour has set new minimum wages for employees and blue-collar workers employed on a full-time basis, without age distinction in Decision ...

Various allowances and benefits based on the minimum wage or daily wage are also adjusted. The increase in the minimum wage also leads to an increase in unemployment benefit, as the daily benefit and the monthly benefit are adapted to EUR 17.51 and EUR 438 respectively, compared to EUR 16.29 and EUR 407.25 respectively before 1 May 2022. In particular, for employees with three to six years' experience, the gross monthly wage is set at EUR 784.3, from six to nine years at EUR 855.6, and for employees with more than nine years' experience the wage is EUR 926.9. In addition, depending on the years of service completed by the employee before 14 February 2012, the minimum monthly wage and the minimum daily wage are increased by up to 30%. This means the monthly gross minimum monthly wage for employees with three years of service can be up to EUR 213 higher (EUR 713 + 30%). In other words, the minimum wage in this case can be EUR 926 plus Christmas and Easter bonus and holiday pay. - For manual workers, the new gross minimum daily wage is EUR 31.85. - For employees, the new gross monthly minimum wage is EUR 713.00.

A second 2022 minimum wage increase in Greece (Lexology)

From 1 May, the statutory minimum monthly and daily wage in Greece were increased. This is the second increase in 2022. The Greek Ministry of Labourโ€ฆ

The increase in the minimum wage also leads to an increase in unemployment benefit, as the daily benefit and the monthly benefit are adapted to EUR 17.51 and EUR 438 respectively, compared to EUR 16.29 and EUR 407.25 before 1 May 2022. In particular, for employees with three to six yearsโ€™ experience, the gross monthly wage is set at EUR 784.3, from six to nine years at EUR 855.6, and for employees with more than nine yearsโ€™ experience the wage is EUR 926.9. At the same time, the increase in the minimum wage raises the ceiling on severance pay for highly paid employees, since the monthly gross salary based on which the severance pay will be calculated (if employers opt to use the ceiling for calculation), will amount to EUR 7,644 per month gross. - The new gross minimum daily wage is EUR 31.85 for manual workers. In addition, depending on the years of service completed by the employee before 14 February 2012, the minimum monthly wage and the minimum daily wage are increased by up to 30%. This means the monthly gross minimum monthly wage for employees with three years of service can be up to EUR 213 higher (EUR 713 + 30%). In other words, the minimum wage in this case can be EUR 926 plus Christmas and Easter bonus and holiday pay. - The new gross monthly minimum wage is EUR 713.00 for employees.

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