Global Headhunting & Recruitment Solutions in Serbia
Why create a global recruitment strategy?
Creating a global recruitment strategy is essential for businesses that operate in multiple countries or regions. Such a strategy can help a business find the best talent from around the world, while also ensuring that they are following applicable laws and regulations.
- 1. Helps to standardize the recruitment process across different locations and ensure that all candidates are subject to the same criteria and standards. This helps to ensure a level playing field, reduce bias, and ensure that the best talent is identified. It also helps to ensure that a business is compliant with applicable laws, such as anti-discrimination laws, and can demonstrate due diligence in their hiring practices.
- 2. It enables businesses to attract talent from different cultures and backgrounds, which can help to create a diverse and inclusive workplace. This can lead to a range of benefits, such as improved engagement, higher productivity, and better customer service.
- 3. It can help ensure that a business is able to identify the right skills and qualifications for the roles they are seeking to fill. By having a standardized recruitment process, businesses can ensure that they are selecting the right candidates for the right roles.
Why hire talents in Serbia?
There are several reasons why hiring talent in Serbia can be beneficial:
- Skilled workforce: Serbia has a highly educated and skilled workforce, with a strong emphasis on science, technology, engineering, and mathematics (STEM) education. The country is home to several renowned universities, producing thousands of talented graduates each year.
- Cost-effective: The cost of hiring talent in Serbia is significantly lower than in Western Europe or the United States. This means that companies can save on labor costs while still benefiting from high-quality talent.
- Cultural fit: Serbia has a strong work ethic, and Serbian employees are known for their loyalty, dedication, and hard work. Additionally, the country’s proximity to Western Europe makes it an ideal location for companies looking for a culturally similar workforce.
- Language skills: Serbia is home to many multilingual professionals who are fluent in English and other languages, making it easier for companies to communicate and collaborate with international clients and partners.
Government incentives: The Serbian government offers various incentives to attract foreign companies and investors, including tax breaks, subsidies, and grants.
How much does it cost to hire talent in Serbia?
The cost of hiring talent in Serbia can vary depending on several factors, such as the skill level, experience, and industry of the employee, as well as the location and size of the company.
Generally speaking, the cost of hiring talent in Serbia is significantly lower than in Western Europe or the United States. According to data from Payscale, the average monthly salary in Serbia is around €750-€800 for entry-level positions, €1,200-€1,300 for mid-level positions, and €2,000-€2,200 for senior-level positions.
Employee labor laws in Serbia
Working Hours in Serbia
In Serbia, the standard working hours are eight hours per day and 40 hours per week, with two days off per week. The maximum number of working hours per week is 44, which includes any overtime.
The typical workday in Serbia starts between 7:00 am and 9:00 am and ends between 3:00 pm and 5:00 pm, depending on the industry and employer. Employees in Serbia are entitled to at least 20 days of paid annual leave per year, which increases to 30 days for employees with more than ten years of service. Additionally, there are several public holidays throughout the year.
Minimum wage
The cutoff in September 2021, the minimum wage in Serbia was 32,126 Serbian dinars (RSD) per month. This is equivalent to approximately $306 USD per month or $1.76 USD per hour, based on the average workweek of 40 hours.
General taxation
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Type of Tax
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Rate
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Personal Income Tax
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10% on all income earned
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Corporate Income Tax
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15% on corporate profits
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Social Security
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Employers: 12% of gross salary
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Employees: 11% of gross salary
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Hire the best talent in Serbia with EER Global
EER Global offers a thorough, personalized, and expert approach to sourcing top talent for your organization. By carefully evaluating and pinpointing the ideal candidate for your specific role, they can spare you the time and resources that would otherwise be wasted on hiring the wrong person.
Leveraging their industry expertise and extensive network, they are adept at identifying the most outstanding candidates in the job market, enabling you to promptly and effectively fill your positions. Moreover, they can provide valuable insights and guidance on the recruitment process, empowering you to make informed decisions that align with your business objectives. If you are seeking to recruit in Serbia, do not hesitate to reach out to EER Global’s dedicated team of professionals for further details.
