Understanding Overtime Regulations in Greece
In Greece, understanding the distinction between regular work hours, overwork, and lawful overtime is crucial for accurate payroll calculations. The standard workweek is 40 hours over five days or 48 hours for businesses operating on a six-day schedule. Overwork, or "iperergasia," refers to the first five additional hours beyond the standard 40-hour week and is compensated at a rate 20% higher than the regular hourly wage. However, these hours do not count towards the official overtime limits. For overtime, defined as work exceeding 45 hours per week on a five-day schedule or 48 hours on a six-day schedule, the compensation rates increase significantly. The first two hours of lawful overtime are typically paid at 140% of the regular wage, while any hours beyond that may be compensated at up to 200% of the regular rate.