Slovakia
Make employment in Slovakia easy. Let us handle payroll, benefits, taxes, compliance, and even stock options for your team in Slovakia, all in one easy-to-use platform.
- Capital city
Bratislava
- Currency
Euro (€, EUR)
- Languages
Slovak
- Population size
5,464,060
Facts & Stats
- Capital city
Bratislava
- Currency
Euro (€, EUR)
- Languages
Slovak
- Population size
5,464,060
- Ease of doing business
Very easy
- Cost of living index
$$ (70 of 139 nations)
- Payroll frequency
Monthly
- VAT - standard rate
20%
- GDP - real growth rate
2.3 (2019)
The Slovak Republic (Slovenskà Republika) is a Central parliamentary democracy, famous for its breathtaking mountainous terrain and ancient towns with rich history.
Slovakia combines a free market economy with a strong social security system into one of the most equitable countries in Europe. Quality of life in Slovakia is strong thanks to universal healthcare, free education, and generous work-life benefits for its workforce of 2.8 million.
Grow your team in Slovakia with Remote
Looking to employ workers in Slovakia? Companies hiring in Slovakia must either own a legal entity in the country or work with a global employment solutions provider, usually one that provides employer of record services.
Remote can employ your team in Slovakia on your behalf through our local legal entity in the country and handle payroll, benefits, taxes, and compliance for your Slovakia team. You can also pay contractors now in Slovakia with Remote.
Risks of misclassification
Slovakia, like many other countries, treats self-employed individuals or contractors and full-time employees differently. Misclassification of contractors in Slovakia may lead to fines and penalties for the offending company.
Employing in Slovakia
The Slovak Labor Code of 2001 is the principal statute guiding employment relations, including workers’ rights and entitlements across Slovakia’s eight regions.
Employees in Slovakia enjoy protections against discrimination based on age, religion, sexual orientation, gender expression, and race.
Common questions that could come up during the hiring process include the minimum wage, overtime rates, and guaranteed paid time off. Remote can help you offer a complete, competitive, and compliant benefits package to your employees in Slovakia.
Minimum Wage
Factoring in pay for the 13th month, which is often prorated over the year, the Slovakian minimum wage is evens out to 623 Euros per month.
Payroll Cycle
For customers of Remote, all employee payments will be made in equal monthly installments on or before the last working day of each calendar month, payable in arrears.
Onboarding Time
We can help you get a new employee started in Slovakia fast. The minimum onboarding time we need is only 8 working days.
Our team ensures your employees are onboarded and paid as quickly as possible while keeping your business compliant with all local employment legislation. The minimum onboarding time begins after the employee submits all required information onto the Remote platform. The onboarding timeline is also dependent upon registration with local authorities.
For all non-nationals of the country of employment, the Right to Work assessment (if applicable) will add three extra days to the total time to onboard. There may be extra time required if we need to follow-up on the right to work assessment.
Please note, payroll cut-off dates can impact the actual first day of employment. Remote has a payroll cut-off date of the 10th of the month unless otherwise specified.
15 Public holidays
Competitive benefits package in Slovakia
At Remote, we’re obsessed with helping you craft the best possible employee experience for your team. We are leading the way in practicing “fair equity,” which means making sure employees everywhere have access to both the required and supplemental benefits they need to thrive (and that will allow you to attract the best local talent).
Our benefits packages in Slovakia are tailored to fulfill the local needs of your employees. Typically, our packages contain some or all of the following benefits:
Health Insurance
Dental Insurance
Vision Insurance
Mental Health Support
Pension or 401(K)
Life and Disability Insurance
Taxes in Slovakia
Learn how employment taxes and statutory fees affect your payroll and your employees’ paychecks in Slovakia.
10%
Health insurance
1.4%
Sickness insurance
14%
Pension contribution
3%
Disability insurance
1%
Unemployment insurance
0.25%
Guarantee insurance
0.8%
Accident insurance
4.75%
Reserve fund
Types of Leave
The Slovakian Labour Code stipulates an annual leave entitlement for different classes of workers, depending on age, personal circumstances, occupation, and complexity or physical demand of an occupation.
4 weeks: Basic annual leave
5 weeks: Employees aged 33 and above
8 weeks: Educational staff, i.e., teachers, lecturers, professors, etc.
Employees that have worked for less than 60 days are still entitled to 1/12 of their yearly entitlement.
Employment termination
Termination process
Employees can be terminated for just cause, such as redundancy, dishonesty, negligence, fraud, any work-related offenses. This can either be with prior notice provided or during the probation period.
Notice period
Notice periods in Slovakia depend on how long an employee has worked with the employer.
The Employer needs to give the following notice periods based on Slovak labor law:
1 month for an employee working for less than 1 year
2 months for an employee working for at least 1 year but less than 5 years
3 months for an employee working for at least 5 years
Severance pay
Employees are entitled to severance payment, ranging from one to 10 month’s salary, depending on the circumstances of the severance.
For employees terminated by notice, the severance pay can be anywhere from:
2 – 5 years: one month’s salary
5 – 10 years: two month’s salary
If an employer terminates an employee due to an occupational disability acquired while on the job (by accident, etc.) the employee will be entitled to a severance package equal to 10 months’ pay.
Probation periods
An employment contract can specify a probationary period of three months, or six when hiring for managerial positions.