The landlocked nation of Austria is a federation of nine states, one of which, Vienna, is the capital. Austria considered one of the richest countries in terms of GDP per capita, has a high standard of living and was ranked 11th in the Legatum Prosperity Index 2021 on account of its journey to prosperity. Along with a highly developed industry, tourism is also an essential part of the Austrian economy.
Vienna, Upper Austria, Lower Austria
Construction joiners, Nursing professionals, Data processing, Mechanical Engineering, Power Engineering.
The top local universities in Austria are listed below:
Local: 1
World: 106
Local: 2
World: 181
Local: 3
World: 369
Local: 4
World: 503
Local: 5
World: 570
Some of the common jobs found in Austria, along with their monthly salary, are listed below:
| Job Title | Average Monthly Salary ( EUR) | Average Monthly Salary ( USD) |
| Corporate Treasurer | 5,030 | 5,601 |
| Financial Manager | 8,090 | 9,009 |
| Office Manager | 3,440 | 3,831 |
| Database Administrator | 3,970 | 4,421 |
| Sales Manager | 6,630 | 7,383 |
2,154,000
Austrian employment laws safeguard the rights of its employees. It is a combination of EU and Austrian laws. Know more about employment regulations followed in Austria below.
It is not mandatory to have written agreements for employment, and even oral agreements are acceptable. The language of collective agreements or contracts can be in German and English.
The probationary period followed in Austria ranges between one to three months.
| Date | Name | Type |
| 1 Jan | New Year’s Day | National holiday |
| 6 Jan | Epiphany | National holiday |
| 19 Mar | Saint Joseph’s Day | State holiday |
| 1 Apr | Easter Monday | National holiday |
| 1 May | Labor Day / May Day | National holiday |
| 4 May | Saint Florian’s Day | State holiday |
| 9 May | Ascension Day | National holiday |
| 20 May | Whit Monday | National holiday |
| 30 May | Corpus Christi | National holiday |
| 15 Aug | Assumption of Mary | National holiday |
| 24 Sep | Saint Rupert’s Day | State holiday |
| 10 Oct | Plebiscite Day | State holiday |
| 12 Oct | Yom Kippur | Optional Holiday |
| 26 Oct | National Day | National holiday |
| 1 Nov | All Saints’ Day | National holiday |
| 11 Nov | Saint Martin’s Day | State holiday |
| 15 Nov | Saint Leopold’s Day | State holiday |
| 8 Dec | Immaculate Conception | National holiday |
| 24 Dec | Christmas Eve | Bank holiday |
| 25 Dec | Christmas Day | National holiday |
| 26 Dec | St. Stephen’s Day | National holiday |
| Type of leave | Time Period | Mandatory |
| Annual leave/Earned Leave | 25 days | Yes |
| Sick Leave | 42 days | Yes |
| Maternity Leave | 16 weeks | Yes |
The employee must be paid monthly.
Austria does not follow a statutory minimum wage and depends on the employment agreement. On the whole, the employees will not be paid less than 1500 EUR.
Overtime hours in excess of those stated in the employment contract would be paid at a rate of 150% of the employee’s salary. Overtime on Sundays, public holidays and work between 12:00 AM to 7:00 AM will be compensated at a rate of 200%.
The 13th-month salary is customary and is normally paid at the end of June.
| Category | Contribution (From Monthly Gross Salary) |
| Sickness | 3.78% |
| Unemployment | 3% |
| Pension | 12.55% |
| Accident | 1.20% |
| Miscellaneous | 0.7% |
| Category | Contribution (From Monthly Gross Salary) |
| Sickness | 3.87% |
| Unemployment | 3% |
| Pension | 10.25% |
| Miscellaneous | 1% |
| Income over (EUR) | Income up to (EUR) | Tax Rate (%) |
| 0 | 11,000 | 0 |
| 11,001 | 18000 | 20 |
| 18,001 | 31,000 | 35 |
| 31,000 | 60,000 | 42 |
| 60,001 | 90,000 | 48 |
| 90,001 | 1,000,000 | 50 |
| Above 1,000,000 | 55 |
The standard VAT rate in Austria is 20%.
Termination in Austria can be done on a mutual consent basis, which can be communicated in verbal or written format, of which the latter is preferred. There can also be dismissal of the employee by the employer on the grounds of a justified reason. When an employee decides to resign, the employment is terminated with immediate effect. In case of the expiration of a fixed contract, no action is required.
The notice period for both probationary and permanent employees in Austria ranges from 6 weeks to 5 months.
Employers must provide severance pay at the rate of 1.53% of their gross monthly salary to the severance pay fund, known as ‘Abfertigungskasse’.
The citizens of Switzerland and the European Economic Area (EEA) can work in Austria. For other non-Austrian nationals, immigration permission and a work permit are required.
Non-European citizens need a Schengen Visa to enter Austria. If one receives employment during the visa tenure, they can apply for a Red-White-Red card.
