With a unique combination of high-quality, wide availability and cost effectiveness, the Serbian labor force is widely regarded as a strong business performance driver.
For decades, Serbia fostered extensive relationships with leading Western economies. A list of blue-chip companies maintaining strong ties with local partners is topped by Siemens, Bosch, Schneider Electric Fiat Chrysler Automobiles, 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.
Highly qualified staff in Serbia is widely available. The number of engineers, managers, and other specialists is sufficient to meet the growing demand of international companies. Yearly, the labor supply increases by approximately 57,478 university and 2-year college graduates. In addition, there are also a significant number of Serbian experts, who return to the country after gaining top-quality expertise in international companies around the globe.
The labor market in Serbia has become truly vibrant as a rising number of international investors have opened their businesses in the country. International as well as local headhunting agencies operate in major Serbian cities, offering a full range of consulting services, including executive search, staff training, and salary surveys.
Since 2003, universities and colleges in Serbia have produced about 47,500 graduates, 1,000 Masters of Science, and 400 PhDs annually. Of the total number of graduates, those from technical universities account for approximately 30%. Leading institutions in this field, such as the School of Electrical Engineering or the School of Mechanical Engineering in Belgrade, are recognized internationally for their expertise. High-quality technical education begins in Serbian elementary and high schools, which offer an advanced curriculum in technical sciences.
A New Law on Dual Education has been passed in 2017 so the regulatory framework is in place for developing this type of education from school year 2019/2020. So far there have been pilot projects but it is expected that this practice now will be expanded to a larger scale.
Source: Statistical Office of the Republic of Serbia, 2017/18