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GR Tax 2023

Greece Recruitment Cost Calculator 2023

The Greece Recruitment Cost Calculator provides a "True Cost of an Employee Calculation" for the first year of employment when factoring holistic employment and startup costs. The calculator is designed to provide insight into the full costing model for employing a new employee in Greece and, together with iCalculator™'s Greece Payroll calculator for 2023, provide the gross employment costs of your current staff in Greece, help you budget employment costs in Greece for your financial year, anticipate staff costs for future expansions in Greece and review past costs in order to gauge future employment costs in Greece.

Greece Recruitment Cost Calculator 2023
Greece Recruitment Cost Calculator 2023: Salary Costs
*** Please enter the basic salary for your employee in Greece ***
Greece Recruitment Cost Calculator 2023: Benefits Costs
Greece Recruitment Cost Calculator 2023: Onboarding Costs
Fixed%
Greece Recruitment Cost Calculator 2023: Facilities / Other Costs
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Understanding the calculations behind the Greece Recruitment Cost Calculator 2023

Whether you are the Director of a multi-million organisation, setting up a new company in Greece , or have a business venture in Greece, knowing where your money goes and how much you spend on employment resources is essential. Staff costs in Greece are one of the biggest expenditures for a company, but it isn’t just wages that cost the business money, there are additional expenditures, known more commonly as 'on-costs' or 'onboarding-costs'.

Calculating the true cost of an employee in Greece can seem very complex but, as with most financial calculations with multiple elements, they can each be placed into simple cost buckets which allow us to provide a simple working formula:

tce = sc + bc + oc + fc

where:

  • tce = The True Cost of an Employee in Greece
  • sc = Salary Costs in Greece
  • bc = Benefit Costs in Greece
  • oc = Onboarding Costs in Greece
  • fc = Facilities in Greece

Each of these costs includes a number of sub elements which are defined within the calculator where you can enter specific amounts or a percentage rate for benchmarking expenditure. Please review the supporting guide "Calculating the 'True Cost of an Employee in Greece' in 2023" which explains the associated costs computed within this calculator.

The True Cost of an Employee in Greece Calculator is similar to the Cost Per Hire Calculator with the addition of live income tax and salary deductions for an employee working in Greece in 2023.

Greece Cost of Employment: Tax Years available

We currently support the following tax years for employee cost calculations in Greece, if you require additional tax years, please get in touch and we can add them to the list of available tax years.