[Greece] Pay transparency legislation update

In Greece, new pay transparency legislation is obliging businesses with more than 150 employees to report data on wages, bonuses, and related perks to authorities at regular intervals and to provide it to any employee upon request, ekathimerini.com reports.

The legislation incorporates a European Union directive into national law, with provisions that cover job candidate interviews as well as actual employment. 

Prospective employers must reportedly inform candidates of the salary or salary range for the actual position before they sign an employment contract and cannot ask a candidate about previous salaries.

Job announcements and hiring procedures will be required to be gender-neutral. So too must be the criteria that influence a salary, such as skills, responsibilities, work conditions, effort and previous experience.

Every employee will have the right to ask, in writing, for data about comparative salaries for comparative jobs broken down by gender. 

When reporting salaries to authorities, companies must report salary discrepancies by gender, including additional pay such as bonuses and incentives, median salary gap and distribution of salaries by quadrants and gender.

Under the legislation, employers with at least 250 employees must compile their first reports by July 7, 2027, and submit them annually thereafter. 

Businesses with 150-249 employees must also report by this date, but subsequent reports can be filed every 3 years, while businesses with 100-149 employees must file by July 7, 2031 and report every three years thereafter.

Reporting is voluntary for smaller businesses.

In Greece, the average wage gap between men and women is 13.6 per cent, slightly above the EU average of 12 per cent. 

However, in two sectors of increasing importance - information technology/communications and financial services - the gap stands at 25.3 per cent and 19 per cent, respectively.

Source: ekathimerini.com

In Greece, new pay transparency legislation is obliging businesses with more than 150 employees to report data on wages, bonuses, and related perks to authorities at regular intervals and to provide it to any employee upon request, ekathimerini.com reports.

The legislation incorporates a European Union directive into national law, with provisions that cover job candidate interviews as well as actual employment. 

Prospective employers must reportedly inform candidates of the salary or salary range for the actual position before they sign an employment contract and cannot ask a candidate about previous salaries.

Job announcements and hiring procedures will be required to be gender-neutral. So too must be the criteria that influence a salary, such as skills, responsibilities, work conditions, effort and previous experience.

Every employee will have the right to ask, in writing, for data about comparative salaries for comparative jobs broken down by gender. 

When reporting salaries to authorities, companies must report salary discrepancies by gender, including additional pay such as bonuses and incentives, median salary gap and distribution of salaries by quadrants and gender.

Under the legislation, employers with at least 250 employees must compile their first reports by July 7, 2027, and submit them annually thereafter. 

Businesses with 150-249 employees must also report by this date, but subsequent reports can be filed every 3 years, while businesses with 100-149 employees must file by July 7, 2031 and report every three years thereafter.

Reporting is voluntary for smaller businesses.

In Greece, the average wage gap between men and women is 13.6 per cent, slightly above the EU average of 12 per cent. 

However, in two sectors of increasing importance - information technology/communications and financial services - the gap stands at 25.3 per cent and 19 per cent, respectively.

Source: ekathimerini.com