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Serbian Dinar (RSD)
15.15%
Serbian
6.7 million
Monthly
Emerald can hire and payroll your workers, quickly and compliantly with their ready to go entity. Make growing your team simple with Emerald as a global partner.
Hiring in Serbia offers a range of advantages and some challenges. On the pro side, Serbia boasts a well-educated and skilled workforce, particularly in fields such as IT, engineering, and manufacturing. The country has a strong tradition in technical education, producing talent proficient in multiple languages, often English, which makes it appealing for international businesses. Labour costs in Serbia are relatively low compared to Western Europe, providing cost-effective hiring solutions without compromising on quality. The Serbian government also offers various incentives to foreign investors, including tax breaks and subsidies, to attract businesses.
However, there are some cons to consider. The bureaucratic processes in Serbia can be slow and complex, making it difficult to navigate legal requirements and compliance. Additionally, while the major cities like Belgrade and Novi Sad have a good pool of talent, the availability of skilled workers in rural areas can be limited, potentially increasing recruitment and training costs. Finally, the political and economic environment in Serbia, although stable, still presents some uncertainties due to its ongoing EU accession process, which could lead to changes in regulations affecting business operations.
Employers should consider hiring remotely in Serbia due to the country’s growing reputation as a tech hub with a highly skilled workforce. Serbian professionals, particularly in IT and software development, are known for their strong technical expertise, adaptability, and problem-solving skills. The country has a robust digital infrastructure, ensuring reliable connectivity for remote work, and its professionals are well-versed in collaborating across different time zones, making them ideal for global teams.
Moreover, the cultural alignment with Western business practices, coupled with a high proficiency in English, facilitates smooth communication and integration with international teams. Hiring remotely in Serbia also provides businesses with the flexibility to tap into a talented labour pool without the need for physical presence, making it a cost-efficient solution for companies looking to expand their global workforce.
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| Pension and disability insurance | 10% |
| To health insurance | 5.15% |
There are no mandatory benefits outside of the pension and health insurance contributions.
Up to the first 6 months of employment.
Emerald Technology can onboard employees in Serbia within 48 hours.
In Serbia, there is a universal health insurance system administered by The Health Insurance Fund of Serbia, which ensures all citizens and legal residents receive health coverage. Health coverage is mandatory for all employed individuals which means that the contributions are automatically deducted from their salaries. Employers contribute approximately 10.3% of each employee’s gross salary and employees contribute 5.15% of their gross salary to health insurance. This system covers a wide array of medical services such as, hospitalization, primary care, and specialist care.
Social security contributions in Serbia are mandatory for employers and employees, which is managed by the Republic Institute for Social Insurance. These contributions fund welfare programs including pensions and family support. Employers contribute approximately 25.05% of each employee’s gross salary, funding pension and disability insurance, health insurance and unemployment insurance. Employee contributions fund pension and disability insurance, health insurance and unemployment insurance which adds up to approximately 19.90% of their gross salary.
Female employees are entitled to take leave for pregnancy and childbirth, as well as for childcare, with a combined duration of 365 days. She can begin her maternity leave based on the recommendation of a qualified medical professional, starting as early as 45 days before the expected delivery date and no later than 28 days before. Childcare leave commences immediately after the pregnancy leave ends. Both pregnancy and childcare leave are fully compensated by the state.
5 business days fully paid by the employer.
The partner can obtain the mother’s childcare leave in specific circumstances.
Employees are entitled to 30 days of fully paid sick leave from the employer. Any days beyond this are paid at 65% of the usual salary by the Health Insurance Fund.
As the legal employer, Emerald Technology requires the following employee documents to ensure complete compliance:
When an employer dismisses an employee it must be with just cause and they must give them notice. The notice period starts from the day after the employer notifies the employee of the termination. Notice must be given in accordance with the following schedule at a minimum:
Employers must provide eight days’ notice before dismissing an employee (five days during the probation period). If an employee chooses to resign, they are required to give 15 days’ notice. For layoffs, a 30-day notice period is required. |
If an employee is made redundant, they are entitled to a payment based on years of continuous service.
Severance pay is required only in cases of dismissal due to redundancy. In such situations, the employee is entitled to severance pay, which must be at least one-third of their average gross salary (calculated based on the previous three months’ earnings prior to the month of severance payment) for each full year of service with the employer. This payment must be made before the employment is terminated. Upon retirement, employees are entitled to a severance payment equal to two average salaries in Serbia. |
A full-time employee in Serbia is entitled to 20 days of paid annual leave.
New Year’s Day
New Year’s Day
Christmas Day
Statehood Day
Good Friday (Orthodox)
Easter Sunday (Orthodox)
Easter Monday (Orthodox)
Labor Day
Labor Day
Armistice Day
RSD 271 per hour, or RSD 64,474 per month for a 176-hour work month.
40 hours per week – four days of eight hours.
Overtime should not extend beyond 4 hours a day and 8 hours a week for a single employee. This is compensated at 125% of the regular salary.
Monthly
Tax rates are flat, ranging between 10-20% depending on the type of income.
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