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Discover global hiring strategies from leading recruitment platforms
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Speed up your global expansion! Expand smartly in 150+ countries with the #1 rated EOR globally.
Explore Multiplier EOR
Your guide to the employment landscape, working customs and local labor laws in Serbia.
Capital
Belgrade
Currency
Serbian dinar (RSD)
Languages
Serbian
GDP per Capita
$10,075.08
Employer Tax
16.15%
Payroll Frequency
Monthly
Serbia’s economy relies heavily on the service sector. It has accounted for 51.5% of the country’s GDP and has provided jobs for 57% of their workforce in 2021. Tourism is seen as the main driver for the service sector. Moreover, the IT industry in Serbia has been drastically growing and has made up 6.9% of the country’s GDP.
Major economic hubs:
Belgrade, Novi Sad, Niš
Skills in demand:
Local: 1
World : 519
Local: 2
World : 1182
Local: 3
World : 1954
Local: 4
World : 3100
Local: 5
World : 4749
Poslovi Infostud, Poslovi.rs, Lako do posla
1,145,000
Top Local Job Boards:
Top Local Job Boards
Number of LinkedIn users:
Number of LinkedIn users
Top Recruitment Agencies:
The below table mentions some common jobs in Serbia with average monthly Salary;
| Job Title | Average Monthly Salary (RSD) | Average Monthly Salary (in USD) |
| Account Manager | 149,000 | 1,363.78 |
| Software Engineer | 128,000 | 1171.57 |
| Data Analyst | 123,000 | 1,125.81 |
| Graphic Designer | 81,600 | 746.88 |
| Project Manager | 145,000 | 1,327.17 |
| Sales Manager | 237,000 | 2,169.24 |
Every employee in Serbia is protected by the country’s labor laws and regulation. Employers must have a thorough understanding with these rules for the benefit of their Serbian constituents. Below are some basic information you need to know when onboarding workers from the country.
Employment contracts in Serbia must strictly be in writing. It must be written in a language that all parties understand. However, it has been a common practice to draw contracts in the Serbian language.
The Probation period in Serbia is 6 months.
| Date | Local name | Name |
| Mon 01/01/2024 | Nova Godina | New Year’s Day |
| Tue 02/01/2024 | Nova Godina | New Year’s Day |
| Sun 07/01/2024 | Božić | Christmas Day |
| Thu 15/02/2024 | Dan državnosti Srbije | Statehood Day |
| Fri 16/02/2024 | Dan državnosti Srbije | Statehood Day |
| Wed 01/05/2024 | Praznik rada | Labour Day |
| Thu 02/05/2024 | Praznik rada | Labour Day |
| Fri 03/05/2024 | Veliki petak | Good Friday |
| Sun 05/05/2024 | Vaskrs (Uskrs) | Easter Sunday |
| Mon 06/05/2024 | Vaskrsni (Uskrsni) ponedeljak | Easter Monday |
| Mon 11/11/2024 | Dan primirja | Armistice Day |
| Type of Leave | Time Period | Mandatory |
| Annual Leave | 20 days | Yes |
| Sick Leave | 30 days | Yes |
| Maternity Leave | 365 days | Yes |
Leave Compliance
Payroll cycle
Payroll in Serbia is paid once every month.
Minimum wage
The minimum wage in Serbia varies depending on the employees’ working hours, as stated below:
Read more
Overtime pay
Employees in Serbia are entitled to a pay for every extra hour they have rendered. The additional pay rate must not be below 26% of their hourly rate.
| Type of Contribution | Tax rate |
| Pension and disability insurance | 11% |
| Health Insurance | 5.15% |
| Type of Contribution | Tax rate |
| Pension and disability insurance | 14% |
| Health Insurance | 5.15% |
| Unemployment Insurance | 0.75% |
| Income Level | Tax rate |
| 3x to 6x the average annual salary | 10% |
| 6x the average annual salary and more | 15% |
The standard VAT rate in Serbia is 20%
Serbian employers are not required to provide a 13th month pay for their employees. They may, however, do so at their own discretion.
Serbian employees are entitled to varying benefits upon employment. Below are some of them:
Termination of employment in Serbia may occur in the following scenarios:
An employee’s notice period is generally 15 days. But for employees under probation period, a 14-day notice period is observed
Severance pay in Serbia is as follows:
| Years of Service | Severance Pay Calculation |
| 10 years | ⅓ of employees’ average salary x years of service |
| 10 years and above | ¼ of employees’ average salary x years of service |
Foreign employees in Serbia must secure a work permit to work in the country. The Validity of these documents can be from 3 to 12 months and may be renewed upon expiration. Additionally, they must also apply for a residence permit to legally stay in Serbia for employment purposes.
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Overtime Pay
Minimum Wage
| Working Hours | Monthly Minimum Wage |
| For a month with 160 working hours | RSD 49,399 |
| For a month with 168 working hours | RSD 52,024 |
| For a month with 176 working hours | RSD 54,649 |
| For a month with 184 working hours | RSD 57,274 |
Overtime Pay
Visa and Immigration
By use case
By team
By company size
Serbia
