Back to Calculators
Employer Payroll Cost Calculator
The true cost of hiring in Cyprus — gross salary plus every employer contribution
Rates updated: August 2026
Cost per employee
€48,468.00
Employer on-cost
15.40%
Monthly per employee
€4,039.00
Total for 1 employee
€48,468.00
Cost breakdown per employee
Gross salaryWhat the employee is contracted for€42,000.00
Social insurance (8.8%)Capped at €68,904 of salary€3,696.00
GESY (2.9%)Capped at €180,000 of salary€1,218.00
Social Cohesion, Redundancy & Training (3.7%)Employer-only funds€1,554.00
Total employer cost€48,468.00
The gap between cost and take-home
This role costs you €48,468.00 a year. The employee receives €32,691.00 after income tax, social insurance and GESY — a wedge of €15,777.00, or 32.6% of what you spend. Employer contributions add 11.7% in social insurance and GESY plus 3.7% in employer-only funds.