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Hourly Rate Calculator in Greece

Harvest is a time tracking and invoicing tool for teams and freelancers, helping you optimize work hours and manage projects efficiently.

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What should you charge per hour?

Most freelancers and consultants dramatically undercharge. This calculator accounts for what most people miss: non-billable time, taxes, and overhead.

$
Accounting for vacation, holidays, sick days
60%
Most freelancers can bill 50-70% of their time. The rest goes to admin, marketing, proposals, and learning.
$
Software, insurance, equipment, accounting, taxes beyond income tax, etc.
Your break-even rate $0
Recommended rate (+20% buffer) $0
Billable hours per week 0h
Equivalent daily rate $0

Start tracking your billable hours

Walk through the entire flow below. Start a timer, check your reports, and create a real invoice — all in three clicks.

Go ahead — start tracking!

One click and you're timing. Try it right here: start a timer, add an entry, edit the details. This is exactly how it feels in Harvest.

  • One-click timer from browser, desktop & mobile
  • Works inside Jira, Asana, Trello, GitHub & 50+ tools
  • Duration or start/end — your call
  • Day, week & calendar views to stay on top of it all
  • Friendly reminders so no hour gets left behind
Acme Corp
Website Redesign
Homepage layout revisions
1:24:09
Content Strategy
Blog calendar planning
1:30:00
SEO Audit
Technical audit report
0:45:00
Brand Guidelines
Color system documentation
2:15:00
Logo Concepts
Initial sketches round 1
1:00:00
Today's total 6:54:09

Understanding Gross vs. Net Salary in Greece

In Greece, understanding the difference between gross and net salary is crucial for both employees and freelancers. The gross salary refers to the total earnings before any deductions, such as taxes and social security contributions, are made. Conversely, the net salary is what remains after these deductions. For instance, if the gross monthly salary is €880, as per the current minimum wage, the net salary might be significantly lower after accounting for mandatory contributions.

Social security contributions in Greece typically account for around 16% of the gross salary for employees, with employers contributing an additional 25%. Income tax rates can vary depending on the total annual income, but for most workers, it ranges from 22% to 45%. Understanding these deductions is essential for accurately calculating take-home pay and planning personal finances.

Calculating Hourly Rates for Freelancers in Greece

Freelancers in Greece face unique challenges when calculating their hourly rates due to varied tax obligations and social security contributions. Unlike salaried employees, freelancers must manage their own tax payments and contributions to social security, which affects their net income. As of 2026, freelancers are responsible for both the employee and employer portions of social security, totaling approximately 41% of their income.

To set a viable hourly rate, freelancers should consider their total expected annual income, projected expenses, and the additional costs of benefits they might need to self-fund, such as healthcare and retirement savings. Including these factors, along with the statutory minimum wage of €5.08 per hour, helps ensure that freelancers maintain a sustainable business model and cover all necessary expenses.

The Impact of Seniority and Overtime on Salaries

Seniority and overtime play significant roles in salary calculations in Greece. Employees earning the minimum wage are entitled to a 10% increase for every three years of service, up to a maximum of 30% after nine years. This means that an employee with over nine years of experience could earn up to €1,144 gross per month, compared to the base €880.

Overtime compensation, known locally as Iperergasia, also influences earnings. Employees working beyond the standard 40-hour week are entitled to a 20% increase on their regular hourly rate for the first five extra hours. Understanding these elements is essential for workers and employers to ensure compliance with labor laws and to optimize compensation packages.

Calculate Hourly Rates with Harvest

Discover how Harvest helps you calculate hourly rates in Greece, considering taxes and social contributions.

Harvest time tracking interface for hourly rate calculation in Greece

Hourly Rate Calculator in Greece FAQs

  • Gross salary is the total earnings before deductions like taxes and social security are made. Net salary is what's left after these deductions. For example, a gross monthly wage of €880 may be considerably less after mandatory contributions.

  • In Greece, social security contributions are around 16% of the gross salary for employees, with employers adding another 25%. Income tax rates range from 22% to 45%, depending on total annual income.

  • Freelancers should account for their total income, expenses, and self-funded benefits. They also pay both employee and employer social security contributions, totaling about 41% of their income.

  • Employees on minimum wage receive a 10% increase for every three years of service, capped at 30% after nine years. This can raise a gross monthly salary from €880 to €1,144.

  • Overtime, or Iperergasia, involves a 20% wage increase for the first five extra hours worked per week. This applies to hours exceeding the standard 40-hour workweek.

  • While Harvest excels in time tracking and invoicing, it does not handle specific salary or tax calculations for Greece. It focuses on optimizing work hours and managing projects.

  • Seniority leads to a 10% pay increase every three years for employees on minimum wage, up to a maximum of 30%. This rewards long-term employees with higher gross salaries.