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Austria
Austria formally the Republic of Austria is a landlocked country in Central Europe, lying in the Eastern Alps. It is a federation of nine provinces, one of which is the capital, Vienna, the most populous city and province. Austria is bordered by Germany to the northwest, Czech Republic to the north, Slovakia to the northeast, Hungary to the east, Slovenia and Italy to the south, and Switzerland and Liechtenstein to the west.
POPULATION
CURRENCY
GDP
$ 604.2 billion
MINIMUM MONTHLY WAGE:
1,800 EUR
TIME ZONE
UTC +1
The Austrian economy is gradually stabilising after a period of economic contraction. Recent
forecasts from institutions such as the Oesterreichische Nationalbank and WIFO indicate a modest return to growth, supported by improving domestic demand and a more stable external environment. Inflation has continued to decline from previously elevated levels and is expected to move closer to price stability in the coming period.
At the same time, the labour market remains relatively resilient, although structural challenges and slower job creation persist. Overall, the outlook for Austria reflects cautious optimism, with moderate economic growth expected, easing inflationary pressures, and gradual stabilisation across key sectors.
- Fixed-term contract: A fixed-term contract is when an employment contract has a fixed start and end date. This contract is commonly offered to an independent contractor or a part-time employee.
- Indefinite contract: An indefinite employment contract only has a fixed start date. Most full-time employees are offered an indefinite contract.
According to the local law maximum working time is eight hours per working day, and a maximum permissible number of 40 weekly working hours.
Overtime: Working hours exceeding regular weekly or daily working hours are considered to comprise overtime. According to the law, up to 20 hours of overtime per week are allowed in the case of an increased workload. As a consequence, employee is permitted to work up to twelve hours per day and 60 hours per week. It must be pointed out that there are many exceptions to overtime Employees have a minimum entitlement to paid annual leave of five weeks in each year of work.
Sick leave. The principle of continued remuneration ensures that in the event of sickness employees’ remuneration will continue to be paid. How long one continues to be paid mainly depends on the seniority, and different regulations may. An employee one is obliged to inform the employer as soon as one becomes incapacitated for work.
Maternity leave. The protection period pregnant employees normally begin eight weeks before birth and ends eight weeks thereafter. During the protection period the employment relationship continues to exist, and the employee receives a maternity allowance of about the same amount as the average remuneration during the last 13 weeks before the absolute employment prohibition.
Parental leave. Mothers and fathers are entitled to parental leave until the child reaches the age of 24 months (maximum), provided the parent in parental leave lives in the same household as the child. The minimum period of the parental leave is two months. The dismissal and termination protection ends four weeks after the end of the parental leave.
Date | Holiday |
01 – Jan | New Year’s Day |
06 – Jan | Epiphany |
06 – Apr | Easter Monday |
01 – May | Labour Day |
14 – May | Ascension Day |
25 – May | Whit Monday |
04 – Jun | Corpus Christi |
15 – Aug | Assumption of the Virgin Mary |
26 – Oct | National Day |
01 – Nov | All Saints’ Day |
08 – Dec | Immaculate Conception |
25 – Dec | Christmas Day |
26 – Dec | St. Stephen`s Day |
- Private health insurance
- Home office stipends (internet allowance)
- Gym/Meal allowance
- Flexible working hours
Residence permit
In order to stay in Austria in excess of 90 days, you need to obtain a residence permit. Austrian immigration policy is quite strict. Residence permits are given for a certain purpose and will not be extended after the purpose is fulfilled. A temporary residence permit is valid for temporary time-restricted residence on the territory of Austria for specific purposes.
According to Federal legislation, the main general requirements for such residence acquisition are having adequate means of subsistence, holding valid health insurance covering Austria as well as having an adequate accommodation according to local standards of living.
While offering common EU Blue Card, Austria also offers applicants, who are not nationals of EU, EEA or Switzerland opportunity to stay in the country longer than for 6 months by acquiring Austrian Red-White-Red card. It is national Federal-level alternative for skilled workers from third countries to apply for a residence with work permit in Austria. It is usually issued for a period of 24 months. According to Federal legislation, the main general requirements for the Red-White-Red Card acquisition are having adequate means of subsistence, holding valid health insurance covering Austria, having an adequate accommodation according to local standards of living as well as posing no threat to public order and security (empty criminal record).
Alternatively, third country national may apply for a blue card, for obtaining this document special criteria must be in compliance.
Please note that all immigration requests should be review on case-by-case basis.
- By the employer’s initiative. In order to terminate employment, employers must have suitable grounds. Notice period is mandatory. Pay in lieu of notice is not possible. Essentially, white-collar workers should get at least six weeks’ notice. Immediate dismissal is possible for cause. Cause for dismissal can be anything that makes continued employment until the next termination date justifiably unacceptable for the employer (eg, theft, falsified time records).
- By mutual agreement. When an employee and an employer end an employment relationship by mutual consent, no period of notice is required. It may be terminated verbally or in writing. Written termination is recommended.
- By employee’s initiative. In accordance with Austrian employment law, an employee who resigns from their post must give notice to their employer. This notice period depends on the length of service. If this is less than two years, an employee needs to give six weeks’ notice. For more than two years, however, this rises to two months’ notice. And more than five years requires three months’ notice.
Employment relationships that started prior to 2003 are subject to the Old Severance Payment Scheme. Such employees are entitled to severance pay upon termination of employment (if they did not terminate themselves). Severance pay is calculated as a multiple of the monthly salary and depends on the years of service (12 monthly salaries after 25 years of service).
Employees who started in 2003 or later are not entitled to severance pay as such, but the employer pays 1.53 per cent of their monthly gross salary to a fund. Any payment claims have to be determined between that fund and the employee.
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