Slovakia

Last Update by Marta, 20 Nov 2024

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Exchange Rate

01 Dec 2024

 

Cost of Living

Indicative value for a working adult in a city: Bratislava

Publicly available data (Numbeo, etc..), verified by Marco’s in-country staff

Living Requirement Indicative Amount (EUR)
McDonalds Set Meal 8
Monthly Train and Bus Tickets 36
3 Bedrooms Rental (City Center) 1,215
3 Bedrooms Rental (Outskirt) 903

Current Inflation Rate

2.8%

Wage

Minimum Wages

  • 750 EUR per month or 4.31 EUR per hour

Median Salary

Estimated based on general positions such as HR, Accounting, Admin roles, in tier one cities.

Job Level Monthly Salary (EUR)
Entry-Level
Fresh Graduate
750
Mid-Level
5 Years
2,000
Experienced & Managerial Level
10 Years
4,000
Specialized & Senior-Level
15 Years
5,000

Annual Salary Growth

7.1%

Statutory Contribution

Country Level

Type Employer Rates Employee Rates Notes
Health Insurance 10% 4% All staff
Sickness Insurance 1.40% 1.40% All staff
Max. 9,128 EUR contribution base
Disability Insurance 3% 3% All staff
Max. 9,128 EUR contribution base
Pension Insurance 14% 4% All staff
Max. 9,128EUR contribution base
Unemployment Insurance 1% 1% All staff
Max. 9,128EUR contribution base
Accidents Insurance 0.8% - All staff
Max. 9,128 EUR contribution base
Guarantee Insurance 0.25% - All staff
Max. 9,128EUR contribution base
Solidarity Reserve Fund 4.75% - All staff

Other Benefit

Other common employment benefits in Slovakia include:

  • Meal allowance: Mandatory for staff working + 4 hours minimum 5.85 EUR /day
  • Co-financing sports activities: Around 40 EUR / month
  • 13th and 14th salary: Not obligatory, but common practice

Income Tax

Residents

Country Level

Taxable Income Rate
Up to 47,537.98 19%
47,537.99 and above 25%

Non-residents

  • Depends on the double taxation agreement between countries. Typically, only income originating in Slovakia is taxed - 19% or 25%

Working Hours

Statutory

40 hours
8 hours a day, 5 days a week

Typical practice

40 Hours
Monday - Friday

Overtime

Maximum 150 hours per year

  • Regular overtime: Paid at 125% of regular salary
  • Work on Saturdays: Paid at 150% of regular salary
    Additional 50% cannot be lower than 2.155 EUR
  • Work on Sundays and public holidays: Paid at 200% of regular salary
    Additional 100% cannot be lower than 4.31 EUR

Employment Contract

Permanent

Contract Format

Written, in Slovakian and issued to staff

Payroll Currency

EUR

Probation

Operational roles: Up to 3 months
Managerial roles: Up to 6 months

Contract Period

No minimum duration

Termination

The contract may be terminated by the employer, the employee or by mutual agreement

  Voluntary Resignation Involuntary Termination Economic Layoff
Notice Period - Probation - 3 days - 3 days - 3 days
Notice Period - Regular - Statutory: 1 month - Over 1 year service: 2 months - Statutory: 1 month - Over 1 year service: 2 months Notice period: - 1-5 years service: 2 months - Over 5 years service: 3 months
Severance Pay Severance for mutual consent: - For redundancy, health reasons and the company being dissolved - 0-2 years' service: 1 month salary - 2-5 years' service: 2 months' salary - 5-10 years' service: 3 months' salary - 10-20 years' service: 4 months' salary - Over 20 years' service: 5 months' salary - For redundancy, health reasons and the company being dissolved - 2-5 years' service: 1 month salary - 5-10 years' service: 2 months salary - 10-20 years' service: 3 months salary - Over 20 years' service: 4 months salary - 2-5 years' service: 1 month salary - 5-10 years' service: 2 months salary - 10-20 years' service: 3 months salary - Over 20 years' service: 4 months salary

Public Holiday

13 days

Country Level

Date Name
01 Jan Republic Day
06 Jan Epiphany
29 Mar Good Friday
01 Apr Easter Monday
01 May Labour Day
08 May Liberation Day
05 Jul St Cyril and St Methodius Day
29 Aug Slovak Uprising Day
01 Sep Constitution Day
15 Sep Lady of Sorrows' Day
01 Nov All Saints' Day
17 Nov Freedom and Democracy Day
24 Dec - 26 Dec Christmas Eve

Leave

Leave Type Entitlement Notes
Annual Leave 20 working days: Under 33 years old
25 working days: Over 33 years old
All staff with 60 days' service
Sick Leave Up to 52 weeks All staff
Maternity Leave 34 weeks
37 weeks: Single mothers
43 weeks: Multiple births
All expectant mothers with 270 days sickness insurance in the last 2 years
Paternity Leave 14 calendar days All expectant fathers with 270 days sickness insurance in the last 2 years before the child's birth
Parental Leave 28 weeks All staff with children, adopted or foster children up to 3 years old, can be extended till child's 6th birthday
Bereavement Leave Up to 4 days per year All staff from 1st day of service
Education Leave Up to 40 working days All staff participation in further education required for proper performance of work
Other Leave 1 day: For staff's own or child's Wedding
1 day: For moving home
Half a day per week: searching for a new role
Up to 96 hours: blood donation
All staff from 1st day of service

Reference

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