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Workforce in Serbia

Updated on Monday 09th April 2018

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Workforce-in-Serbia.jpgThe stable and developed economy of Serbia lets foreigners establish their operations in the country’s main industries. They can also benefit from the skilled workforce available on the market and can hire employees with respect to the Employment Law and other business-related conditions. If you want to open a company in Serbia and you need guidance and information in this direction, we recommend you address your inquiries to our team of company formation agents in Serbia.
 

The attributes of the labor force in Serbia

 
The agriculture, the automotive, the mining, the energy and the IT sectors are the main engines of Serbia’s economy and representative industries where foreigners can enlarge their activities for future profits. The workforce in Serbia enters the attention of all foreign investors who want to settle their businesses in this country, considering the attributes of this important field. The private sector in Serbia generates numerous jobs on the market summing up to around 15% of the employment for 2017.
 
More than 200,000 students in Serbia attend to the public universities in Belgrade, Novi Sad, Nis, Pristina, or Kragujevac and other 30,000 decide on private colleges courses to study economics, foreign languages, business management, arts, administration or research, and science, for future developments of their skills. There are more than 80% of students and graduates in Serbia who speak the English language as the second language, but not limited to this, as they also have knowledge of German, Spanish or French languages. Additionally, there are numerous special courses and training programmes for students in Serbia in varied areas of interest like IT, energy, economy and many more. Foreign investors can rely on the skilled workforce in Serbia at the time of company formation in Serbia and can ask our advisors for support in this sense.
 

Salaries in Serbia

 
According to recent statistics for 2017, the minimum wage in Serbia varies depending on the provinces and their development levels. The minimum salary ranges between EUR 276 and EUR 467, but experienced employees surpass such sums, in accordance with their skills and with the requirements on the market. The average gross salary for December 2017 was approximately EUR 786, as for the average salary net for the same period, this was around EUR 571. It is good to know that 56% represents the rate of employees in the services sector in Serbia, and around 25% are found in the main industries in the country.
 
We are at your disposal for company incorporation in Serbia, so please feel free to contact us at any time.
 
 
 

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