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Intellectual Capital

 

Skilled and Competitive Workers

 

Serbia's labor force combines exceptional working efficiency with a sizable labor supply. With a unique combination of high quality and low costs, it is one of the key factors in reaching a strong business performance.

 

Labor supply is yearly increased by app. 27,000 university and 2-year college graduates and 75,000 high school graduates. Technical education is particularly strong, as high school students are among the best performers at world contests in natural sciences, while Serbian engineers are well-known for their expertise. 'ScienceWatch.com', an open Web resource, that combines the newest Science Watch©newsletter material, data, analysis, interviews, and commentary source data drawn from Essential Science IndicatorsSM, for the past two years is rating Serbia as a Rising Star in a broad spectrum of sciences (Agricultural Sciences, Biology & Biochemistry, Chemistry, Clinical Medicine, Computer Sciences).

 

In addition, Serbia boasts the highest English speaking proficiency in Eastern Europe. Management education has also been accelerated by the introduction of joint-graduate and post-graduate courses, organized by local universities and renowned Western business schools.

 

With a unique combination of high-quality and low-cost skill-set, Serbian workforce is widely regarded as a strong business performance driver.  

 

Serbia has fostered extensive relationships with western economies for decades. A list of blue-chip companies maintaining strong ties with local partners is topped by Siemens, Alcatel, 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.

 

 

Labor Supply

 

Essentially, 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 app. 35,000 university and 2-year college graduates and 75,000 high school graduates. In addition, there is also a significant number of Serbian experts, returning to the country after gaining top-quality experience in international companies around the world.

 

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.

 

 

Education System

 

Since 2003, universities and colleges in Serbia have produced about 35,000 graduates, 1,000 Masters of Science, and 400 PhDs annually. Of the total number of graduates, technical universities account for approximately 30%. Leading institutions in this field, e.g., School of Electrical Engineering or School of Mechanical Engineering in Belgrade are recognized internationally for their expert. High-quality technical education is largely based on elementary and high schools, offering an advanced curriculum in technical sciences.

 

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, including internationally recognized examinations.