Quality Human Resources
Skilled and productive labor force has proven to be one of Serbia’s major competitive advantages in the global investment market. With a unique combination of high-quality and low-cost skill-set, it is widely regarded as a strong business performance driver.
Unlike most transition countries in Central and Eastern Europe, Serbia fostered extensive relationships with Western economies for decades. A list of blue-chip companies maintaining strong ties with local partners is lead by Siemens, Alcatel, General Motors, FIAT, IKEA and many others. Throughout years of cooperation Serbian workers have received specific know-how and adopted advanced technology applications and rigorous quality control standards. Having vast experience in both manufacturing and management, local staff requires minimum training to adopt cutting-edge technologies and assembly processes. The skill level of local labor force is reflected in high industrial productivity increasing at 11.4% over the past five years.
The quality of Serbia’s intellectual capital is based on its educational system generating well- educated, fast-learning, multilingual, and IT literate people. Technical education is particularly strong, thus high school students perform among the best in mathematics, physics and IT international competitions. In recent years the number of university graduates grew by almost 14% annually averaging 14,370, while 1/3 of all students graduate from technical universities.
