Talent Wiki - Austria
Your quick guide on talent and labor compliance norms in Austria
Capital
Vienna
Currency
Euro (EUR)
Languages
German
Payroll Frequency
Monthly
GDP per Capita
$52,061
Employer Tax
21.23%
Talent Overview
The landlocked nation of Austria is a federation of nine states, one of which, Vienna, is the capital. Austria considered one of the richest countries in terms of GDP per capita, has a high standard of living and was ranked 11th in the Legatum Prosperity Index 2021 on account of its journey to prosperity. Along with a highly developed industry, tourism is also an essential part of the Austrian economy.
Major economic hubs:
Vienna, Upper Austria, Lower Austria
Skills in demand:
Construction joiners, Nursing professionals, Data processing, Mechanical Engineering, Power Engineering.
Local Universities
The top local universities in Austria are listed below:
Universität Wien
Ranking
Local: 1
World: 95
Technische Universität Wien (Vienna University of Technology)
Ranking
Local: 2
World: 170
Universität Innsbruck
Ranking
Local: 3
World: 366
Technische Universität Graz
Ranking
Local: 4
World: 494
Karl-Franzens-Universität Graz
Ranking
Local: 5
World: 598
Salary Data
Some of the common jobs found in Austria, along with their monthly salary, are listed below:
| Job Title | Average Monthly Salary ( EUR) | Average Monthly Salary ( USD) |
| Corporate Treasurer | 5,030 | 5,017.07 |
| Financial Manager | 8,090 | 8,069.21 |
| Office Manager | 3,440 | 3431.16 |
| Database Administrator | 3,970 | 3,959.80 |
| Sales Manager | 6,630 | 6,612.96 |
Talent Sourcing Tips
Top Local Job Boards:
Number of LinkedIn users
1,886,000
Top Recruitment Agencies
Employing in Austria
Austrian employment laws safeguard the rights of its employees. It is a combination of EU and Austrian laws. Know more about employment regulations followed in Austria below.
Employee Contract
It is not mandatory to have written agreements for employment, and even oral agreements are acceptable. The language of collective agreements or contracts can be in German and English.
Probation Period
The probationary period followed in Austria ranges between one to three months.
Public and Provincial Holidays 2023
| Date | Name | Type |
| 1 Jan | New Year’s Day | National Holiday |
| 6 Jan | Epiphany | National Holiday |
| 10 Apr | Easter Monday | National Holiday |
| 1 May | Labour Day | National Holiday |
| 18 May | Ascension Day | National Holiday |
| 29 May | Whit Monday | National Holiday |
| 8 Jun | Corpus Christi | National Holiday |
| 15 Aug | Assumption of the Virgin Mary | National Holiday |
| 26 Oct | National Day | National Holiday |
| 1 Nov | All Saints’ Day | National Holiday |
| 8 Dec | Immaculate Conception | National Holiday |
| 25 Dec | Christmas Day | National Holiday |
| 26 Dec | St Stephen’s Day | National Holiday |
Employee Leaves
| Type of leave | Time Period | Mandatory |
| Annual leave/Earned Leave | 25 days | Yes |
| Sick Leave | 42 days | Yes |
| Maternity Leave | 16 weeks | Yes |
Payroll
Payroll Cycle
The employee must be paid monthly.
Minimum Wage
Austria does not follow a statutory minimum wage and depends on the employment agreement. On the whole, the employees will not be paid less than 1500 EUR.
Overtime Pay
Overtime hours in excess of those stated in the employment contract would be paid at a rate of 150% of the employee’s salary. Overtime on Sundays, public holidays and work between 12:00 AM to 7:00 AM will be compensated at a rate of 200%.
Bonus
13th Month Pay
The 13th-month salary is customary and is normally paid at the end of June.
Employee Benefits
- 13th-month salary
- 14th-month salary
- Health Insurance
- Accident Insurance
- Old-age Pension Insurance
- Insolvency Guarantee Fund
Taxes
Employer Payroll Tax
| Category | Contribution (From Monthly Gross Salary) |
| Sickness | 3.78% |
| Unemployment | 3% |
| Pension | 12.55% |
| Accident | 1.20% |
| Miscellaneous | 0.7% |
Employee Payroll Tax
| Category | Contribution (From Monthly Gross Salary) |
| Sickness | 3.87% |
| Unemployment | 3% |
| Pension | 10.25% |
| Miscellaneous | 1% |
Employee Income Tax
| Income over (EUR) | Income up to (EUR) | Tax Rate (%) |
| 0 | 11,000 | 0 |
| 11,001 | 18000 | 20 |
| 18,001 | 31,000 | 35 |
| 31,000 | 60,000 | 42 |
| 60,001 | 90,000 | 48 |
| 90,001 | 1,000,000 | 50 |
| Above 1,000,000 | 55 |
VAT
The standard VAT rate in Austria is 20%.
Offboarding & Termination
Termination in Austria can be done on a mutual consent basis, which can be communicated in verbal or written format, of which the latter is preferred. There can also be dismissal of the employee by the employer on the grounds of a justified reason. When an employee decides to resign, the employment is terminated with immediate effect. In case of the expiration of a fixed contract, no action is required.
The notice period for both probationary and permanent employees in Austria ranges from 6 weeks to 5 months.
Employers must provide severance pay at the rate of 1.53% of their gross monthly salary to the severance pay fund, known as ‘Abfertigungskasse’.
Visa and Immigration
The citizens of Switzerland and the European Economic Area (EEA) can work in Austria. For other non-Austrian nationals, immigration permission and a work permit are required.
Non-European citizens need a Schengen Visa to enter Austria. If one receives employment during the visa tenure, they can apply for a Red-White-Red card.
