Post by AustrianStartups

Less than a week after presenting the Austrian Startup Monitor 2025 - where reducing non-wage labour costs ranked as one of the top policy recommendations from Austria's startup and scaleup community for the eighth year in a row (56.3% of startups, 69% of scaleups) - the Austrian government announced it will cut them by one percentage point in 2028. 🇦🇹📉 That might sound like not a lot. But Austria has the fifth-highest non-wage labour costs in the EU. Employers pay around 29.6% of gross salary on top in taxes and contributions. For startups trying to grow and hire, that is a significant fixed cost. And according to EcoAustria, every one-percentage-point reduction can create 10,000 to 12,000 new jobs. 💼 We welcome this step. Lower labour costs mean: →A small relief for startups and scaleups → More employment in Austria → Higher purchasing power → A more competitive business location overall The other two priorities from the ASM 2025: → Better conditions for private venture capital in Austria – (52% of startups and 70.7% of scaleups) → Faster, less bureaucratic access to public funding – (46.2% of startups and 36.2% of scaleups) Founders: What do you think about this? #AustrianStartups #StartupPolicy #AustrianStartupMonitor #Startups #Scaleups #LabourCosts