Comparative Guides
Welcome to Mondaq Comparative Guides - your comparative global Q&A guide.
Our Comparative Guides provide an overview of some of the key points of law and practice and allow you to compare regulatory environments and laws across multiple jurisdictions.
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Results: 4 Answers
Labour and Employment
3.
Employment benefits
3.1
Is there a national minimum wage that must be adhered to?
 
Cyprus
In general, salary is not regulated by law and can be negotiated by the employer and employees (or their representatives) through individual or collective agreements.

However, for certain occupations, a minimum wage is set annually by order of the Ministerial Council that comes into force on 1 April each year. The occupations covered by the minimum wage provisions are:

  • clerk;
  • shop assistant;
  • school assistant;
  • childcare worker; and
  • nursing assistant.

Employees in the above positions are entitled to €870 per month, which increases to €924 after six months of continuous employment.

Security guards and cleaners of business or corporate premises are also covered by minimum wage provisions. The minimum wage for security guards was revised to an hourly rate of €4.90; upon completing six months of employment at the same employer, this increases to €5.20. The hourly rate of pay for newly recruited cleaners is €4.55; upon completing six months of employment at the same employer, this increases to €4.84.

For more information about this answer please contact: Yiannis Karamanolis from Dr. K. Chrysostomides & Co LLC
3.2
Is there an entitlement to payment for overtime?
 
Cyprus
Overtime pay is not regulated by law in Cyprus and is usually a matter of negotiation between employer and employees. However, in certain industries working time is regulated by specific legislation and regulations or by applicable collective agreements.

For more information about this answer please contact: Yiannis Karamanolis from Dr. K. Chrysostomides & Co LLC
3.3
Is there an entitlement to annual leave? If so, what is the minimum that employees are entitled to receive?
 
Cyprus
The Annual Holidays with Pay Law (8/1967) provides that the minimum holiday entitlement per year is 20 working days for employees working five days a week and 24 working days for employees working six days a week, provided that the employee has already worked for at least 48 weeks within the year. This shall be paid through the Central Holiday Fund, to which each employer contributes 8%.

Where employers opt to pay annual leave directly to employees and provide more generous terms than the law – that is, at least 21 or 25 days respectively – they are exempt from contributing to the Central Holiday Fund.

An employee is not entitled to paid annual leave if he or she has worked for fewer than 13 weeks in the year. If the employee has worked for a period of between 13 weeks and 48 weeks, he or she will be entitled to holiday pro rata. Annual leave may be accumulated for two years, upon agreement between employer and employee. This is the statutory minimum and the parties are free to agree to more generous terms for employees.

For more information about this answer please contact: Yiannis Karamanolis from Dr. K. Chrysostomides & Co LLC
3.4
Is there a requirement to provide sick leave? If so, what is the minimum that employees are entitled to receive?
 
Cyprus
The number of days’ sick leave to which an employee is entitled, and whether this is paid or unpaid, are contractual matters. Unless the employment contract provides otherwise, sick pay is paid by the Social Insurance Department for any period of three days or longer in which an employee is unable to work. The weekly entitlement is 60% of the weekly average of basic insurable earnings within the previous year, increased by one-third for the employee’s first dependant (including a spouse, whether or not in employment) and one-sixth for each child or another dependant. The maximum number of days for which sick pay is payable is 156 days for each period of interrupted employment. This can be extended for a further period of 156 days during the same period of interrupted employment, provided that the insured is eligible to receive incapacity pension, but is not expected to remain permanently incapacitated from working.

For more information about this answer please contact: Yiannis Karamanolis from Dr. K. Chrysostomides & Co LLC
3.5
Is there a statutory retirement age? If so, what is it?
 
Cyprus
There is no mandatory retirement age. However, according to the Termination of Employment Law, an employee is not entitled to compensation for termination of employment or redundancy if he or she reaches pensionable age (65 years) prior to the date of termination of employment.

For more information about this answer please contact: Yiannis Karamanolis from Dr. K. Chrysostomides & Co LLC