- Country Guide
- Slovakia
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
- https://www.numbeo.com/cost-of-living/in/Bratislava
- https://www.employment.gov.sk/en/information-foreigners/
- https://www.slov-lex.sk/pravne-predpisy/SK/ZZ/2001/311/vyhlasene_znenie.html
- https://www.employment.gov.sk/en/labour-employment/labour-code/employee/
- https://www.employment.gov.sk/files/slovensky/uvod/legislativa/pracovna-legislativa/zakonnik-prace-anglicka-verzia-labour-code-full-wording-2013.pdf
- https://www.employment.gov.sk/sk/praca-zamestnanost/vztah-zamestnanca-zamestnavatela/odmenovanie/
- https://www.employment.gov.sk/sk/praca-zamestnanost/vztah-zamestnanca-zamestnavatela/zakonnik-prace/zamestnanec/
- https://www.slovensko.sk/en/life-situation/life-situation/_leave/
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Contact UsCountry Guide - Slovakia
Last updated: 20 Nov 2024
Exchange Rate
Currency (EUR)
- 1 CNY = 0.185 EUR
- 1 USD = 1.32 EUR
Other currencies can be retrieved via the country guide link above.
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Labor Cost Calculator
To know the total employer cost for hiring a staff with certain salary, please go to our main site: https://marcopayroll.com
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
Fixed-Term
Used for temporary assignments in agency work and operational reasons
Probation
Operational roles: Up to 3 months
Managerial roles: Up to 6 months
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 | - 1 month - Over 1 year service: 2 months | - 1 month - Over 1 year service: 2 months | - 1-5 years service: 2 months - Over 5 years service: 3 months |
| Severance Pay | - | - For redundancy, health reasons and the company being dissolved - 2-5 years' service: 1 month salary | - 0-2 years' service: 1 month salary |
Permanent
Probation
Operational roles: Up to 3 months
Managerial roles: Up to 6 months
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
2024
| Date | Name |
|---|---|
2025
| Date | Name |
|---|---|
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
- https://www.numbeo.com/cost-of-living/in/Bratislava
- https://www.employment.gov.sk/en/information-foreigners/
- https://www.slov-lex.sk/pravne-predpisy/SK/ZZ/2001/311/vyhlasene_znenie.html
- https://www.employment.gov.sk/en/labour-employment/labour-code/employee/
- https://www.employment.gov.sk/files/slovensky/uvod/legislativa/pracovna-legislativa/zakonnik-prace-anglicka-verzia-labour-code-full-wording-2013.pdf
- https://www.employment.gov.sk/sk/praca-zamestnanost/vztah-zamestnanca-zamestnavatela/odmenovanie/
- https://www.employment.gov.sk/sk/praca-zamestnanost/vztah-zamestnanca-zamestnavatela/zakonnik-prace/zamestnanec/
- https://www.slovensko.sk/en/life-situation/life-situation/_leave/
Contact Info
-
Singapore (Headquarters)
8 Marina Boulevard, MBFC Tower 1, #11-01, Singapore, 018981
+65 6653 4334 -
China (Headquarters)
79 Jianguo Road, China Central Place Tower 2, #09-52, Beijing, 100025
+86 10 6580 0555 -
China (Service Center)
23 Dagong Street, Eton Place Tower 2, Unit 1808, Dalian, 116001
-
United States
445 S Figueroa St, 31st Floor, Los Angeles, California, 90071
-
United Kingdom
71 - 75 Shelton Street, London, England GB
-
Netherlands
Vijzelstraat 68, 1017 HL, Amsterdam
-
Australia
Level 22, Salesforce Tower, 180 George Street, Sydney, NSW 2000