Abundant Supply
The labor market in Serbia has become truly vibrant as an increasing number of international investors have relocated their businesses to the country. As part of the employment support strategy, the National Employment Service provides an attractive incentive package for potential employers. The available forms of financial assistance range from subsidies for new employment in underdeveloped regions and for certain population categories to sharing retraining costs. In addition, head-hunting agencies cover all major cities in Serbia offering a full range of consulting services, including executive search, staff training, and salary surveys.
On the supply side of the labor market, out of 916,257 unemployed 3.6% have a university degree. Added to this are 33,546 2-year college graduates which altogether accounts for 7.3% of total unemployment. The age structure of unemployed reveals that around 32% of them are under 30 years, while approximately 57% are aged 40 or less.
Belgrade and other major cities have the strongest recruitment base. However, economically backward areas boast greater opportunities for labor-intensive production. In such regions, mostly located in Eastern and Southern Serbia, employment tends to be lower, but so do average salaries. Recent experience indicates increasing labor mobility–as job opportunities out of the city of residence emerge, people are more willing to relocate permanently.
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