Payroll Cycle
Minumum Wage
Overtime Pay
Visa Immigration

Talent Wiki - Slovakia

Your quick guide on talent and labor compliance norms in Slovakia
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Capital
Bratislava
Currency
Euro
Languages
Slovak, Hungarian, Rusyn
Payroll Frequency
Monthly
GDP per Capita
21,100 USD
Employer Tax
25.2%

Supplementary Guide for Employment and Expansion in Slovakia

Talent Overview

Slovakia is a developed nation with an advanced economy. According to the 2021 IMF report, the country ranks the 45th richest country out of the 195 world territories considered. The major share of the Slovakian economy is owned by the service sector, which employs around 69% of the population and contributes about 61% of the country’s gross domestic product (GDP). 

Major Economic Hubs: 

Bratislava, Košice

Skills in Demand:

Warehouseman, Accountant, Sales representative, receptionist, and administrative jobs.

Local Universities

The top local universities in Slovakia are listed below:

Comenius University in Bratislava

RANKING

Slovakia : 1

World : 659

Slovak University of Technology in Bratislava

RANKING

Slovakia : 2

World : 1225

The Technical University of Kosice (TUKE)

RANKING

Slovakia : 3

World : 1558

University of Zilina

RANKING

Slovakia : 4

World : 2213

Pavol Jozef Šafárik University in Kosice

RANKING

Slovakia : 5

World : 2224

Salary Data

Some of the popular jobs and their average monthly salaries are listed below:

Job Title Average Salary (in EUR) Average Salary (in USD)
Software Developer 2020 2,077.72
Accountant 1360 1,398.86
Sales Manager 3660 3,764.58
Administrative Assistant 1100 1,131.43
Network Engineer 1720 1,769.06
Customer Service Manager 2750 2,828.45

Talent Sourcing Tips

Top Local Job Boards: 

profesia.sk, kariera.zoznam.sk, azu.sk, studentservis.sk, praca.sme.sk

Number of LinkedIn users:

630,000

Top Recruitment Agencies:

ManpowerGroup, Grafton, ADECCO Slovakia

Employing in Slovakia

The employment relations in Slovakia are regulated by the Labor Code. It ensures the right to work, free choice of employment and suitable working conditions, along with protection against arbitrary dismissal of employees. Read forward to gather in-depth information on employment in Slovakia.

Employee Contract

The labor code put emphasis on having a written employment contract between the employer and employee in Slovak language.

Probation Period

The usual probation period followed in Slovakia is one month. 

Public and Provincial Holidays

Date Name Type
1 Jan Republic Day National holiday
6 Jan Epiphany National holiday
15 Apr Good Friday National holiday
18 Apr Easter Monday National holiday
1 May Labor Day National holiday
8 May Day of Victory Over Fascism National holiday
5 Jul St. Cyril & St. Methodius Day National holiday
29 Aug National Uprising Day National holiday
1 Sep Constitution Day National holiday
15 Sep Day of Our Lady of Sorrows National holiday
1 Nov All Saints' Day National holiday
17 Nov Fight for Freedom and Democracy Day National holiday
24 Dec Christmas Eve National holiday
25 Dec Christmas Day National holiday
26 Dec St. Stephen's Day National holiday

Employee Leaves

Type of Leave Time Period Mandatory
Annual Leave 4 weeks Yes
Sick Leave 10 days No
Maternity Leave 34 weeks Yes

Payroll

Payroll Cycle:

Slovakia follows a monthly payroll cycle.

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Minimum Wage:

As of January 2022, the national minimum wage in Slovakia is €646 per month.

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Overtime Pay:

Work done beyond the normal working hours, i.e 40 hours per week, is compensated as per the mutually accepted employment contract. Also, there are maximum limits put in terms of working hours for the extra. Beyond 40 hours (on weekdays), the pay is 125% of average salary rate, for overtime during night hours, it is 140% of average salary rate, for hours worked on Saturday, it is 150% of average salary rate and for overtime on Sunday, employees will be given 200% of average salary rate.

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Health Examination Clause

Bonus

13th Month Pay: 

There is no legal provision for the 13th month salary. Employers may allow bonuses at their discretion.

Employee Benefits: 

  • ~Pension
  • ~Unemployment insurance
  • ~Sickness insurance
  • ~Disability insurance
  • ~Annual leaves
  • ~Maternity leave
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Taxes

Employer Payroll Tax:

Employers have to make the following contributions on every employee they maintain. 

Contributed to Employer payroll tax
Sickness Insurance 1.4%
Old-age pension 14%
Disability insurance 3%
Unemployment insurance 1%
Guarantee insurance 0.25%
Accident insurance 0.80%
Solidarity reserve fund 4.75%
Total cost on employer 25.2%

Employee Payroll Tax:

Every employee is entitled to a salary each month, from which the following contributions will be made.

Contributed to Employee Payroll Tax
Sickness insurance 1.40%
Old-age pension 4%
Disability insurance 3%
Unemployment insurance 1%
Total cost on employee 9.40%

Employee Income Tax:

In Slovakia, income tax is levied at progressive tax rates based on an individual’s taxable income for a year. This is calculated by subtracting allowable deductions from the total taxable income.

Slab Employee Income tax
Income up to EUR 38,553.01 19%
Above EUR 38,553.01 25%

It has to be noted that dividend income occurring from profits before 2004 and after 1 January 2017 comes under a specific tax base, which is taxable at a 7% rate. 

Also, income of constitutional authorities arising from dependent activity, apart from the above mentioned, is subject to a special tax rate of 5%.

Detailed income tax information will be available here

VAT:

A standard rate of 20% is followed in Slovakia.

Offboarding & Termination

Termination Process

Based on the employment agreement, the termination process varies. The decision will be communicated to the employee in writing.

Notice Period

Slovakia follows a notice period of one month for employees.

Severance Pay

It depends on the length of employment and based on what termination is followed. If the termination is with a notice, the employee has to be paid a minimum of four times their average monthly pay.

Visa and Immigration

To work and reside in the country of Slovakia, employees must have a single permit to work and reside or a work permit and temporary residence. However, citizens of Schengen countries are not required to have a visa to enter Slovakia, irrespective of their visit purpose.

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