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, Alcatel-Lucent, 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 both in 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 47,500 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 head-hunting 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.
Source: Statistical Office of the Republic of Serbia, 2013/14
Management education in Serbia is provided through joint graduate and post-graduate courses organized by local universities and renowned Western business schools such as the French HEC, British Sheffield University and Heriot-Watt University.
In addition, international elementary and high schools are widely available in Serbia. They offer curricula in English, German, and French, as well as internationally recognized examinations.