Invest in Slovakia: Everything important about wages and employment relations

Practical information from Investment Advisory Guide

This article was published in Investment Advisory Guide - Your key to understanding the Slovak business environmentThis article was published in Investment Advisory Guide - Your key to understanding the Slovak business environment

This article was published in Investment Advisory Guide - Your key to understanding the Slovak business environment.

What is the minimum wage and unemployment rate in Slovakia? What is the timeline for mass recruitment and what contractual obligations should you be aware of as an employer? Read below to learn the ins and outs of the Slovak labour market.

Number of national holidays: 15
Paid holidays: 20 days (25 days for employees aged 33+)
Notice period: one month at least
Minimum wage: €623 (as of 2021)
Average nominal monthly wage (2019): €1,092
Average nominal monthly wage (2018): €1,013
Monthly wage costs (2018): €1,598
Social and health insurance: Employers pay for their employees 10% health insurance and 25.2% social insurance as a % of their brutto wage.

Detailed breakdown:

Labour Market - Slovakia & the European Union
(Based on Labour Force Survey)

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