Recent adjustments to labour laws have simplified establishing and and terminating worker’s contracts whilst conditions on lengths of contracts have also been made more flexible, both measures reducing employer costs.
Minimum Wages & Social Security
The general minimum wage is fixed annually. Negotiated general wage agreements set the minimum wage for each sector, the hours worked a year and how they are distributed.
Social Security contributions are made by the employer and worker proportionally according to the employment and professional category.
Reduced contributions for specific sectors
There are benefits in terms of rebates to reduce employers' Social Security contributions for specific groups. These rebates may be in the form of a percentage of the salary costs or fixed monthly discounts.
Senior Management special conditions
The special labour relationship for senior management is regulated separately with a wider margin for manoeuvre when defining their contractual relationship.