Greek Businesses Giving Workers Vouchers, Phones, Cars – Not Raises

ATHENS – High social security contributions and taxes have prompted some Greek businesses to offer their workers benefits instead of pay raises, such as vouchers for food, teleworking, insurance plans, cell phones, and cars.

While it wasn’t specified how employees were responding to this approach, companies indicated that pay raises actually benefit the state more than the workers. This is due to tax brackets that impose a 45% tax rate on those earning more than €40,000 annually.

For instance, a raise of €100 for an employee with gross monthly earnings of €2,000 results in 49% of the increase being absorbed by the state. This creates an incentive for companies to explore alternative benefits.

According to a survey by the company Randstad, labor costs are proving to be a challenge for 48% of businesses, up from 32% in 2023. The Dutch multinational human resource consulting firm found that 72% of Greek companies are considering non-monetary benefits, which are less impacted by taxation.

As deductions increase due to inflation, more employers are turning to benefits as a solution. While salaried workers have no choice but to pay taxes, professionals and service-oriented business owners often find ways to evade them.


LONDON - The United Kingdom’s Secretary for State for Culture, Media and Sport, Lucy Frazer, said no deal will be made to loan the stolen Parthenon Marbles housed in the British Museum for 200 years if Greece won’t give up ownership.

Top Stories


A pregnant woman was driving in the HOV lane near Dallas.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.


2 Germans, a Spaniard and a Senegalese Killed in Building Collapse in Spain’s Mallorca Island

MADRID (AP) — Spain's National Police on Friday gave details on four people killed when a building housing a bar and restaurant club collapsed on the island of Mallorca.

Highly experienced live-in CARETAKER, for your elderly parent/s, preferably, in ASTORIA.

NEW YORK (AP) — A woman who says Sean “Diddy” Combs subjected her to violence and abuse over several years in the 1990s has filed a lawsuit in New York accusing the rapper of sexual assault, battery and gender-motivated violence.

WILMINGTON, Del. (AP) — Hunter Biden is due in court on Friday for the final hearing before he's expected to stand trial on federal firearms charges in Delaware as his father's reelection campaign unfolds.

PARIS (AP) — A police officer in riot-hit New Caledonia shot and killed a man Friday after being set upon by a group of about 15 people, the territory's prosecutor said.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. [email protected]

You may unsubscribe at any time using the link in our newsletter.