Author: Tatyana Gracheva
Lost in Translation: Open Balkan ID Initiative Yet to Take Off
Launched six months ago, the Open Balkan ID Number was presented as marking the start of a single labour market between Serbia, North Macedonia and Albania. It has had some teething troubles. Andrija Ivanov spent years moving from job to job, place to place in his native Serbia. Then, in 2021, he took a holiday […]
Read morePopulation in northern regions of Kazakhstan may shrink by 20-25% by 2050, expert
The Seifullin Kazakh Agrotechnical University held an international conference themed Demographic trends in Kazakhstan and northern regions: modern challenges and development prospects. It spotlighted the reduction of population in the country’s north that aroused concern among experts, Kazinform News Agency reports. Senator Bekbol Orynbassarov said human migration is driven by insufficient development of infrastructure and […]
Read moreGeorgian economy grew 9.5% y/y in February – Statistics Office
The Georgian economy grew by 9.5 percent year-on-year in February, while the average real gross domestic product growth for January-February equalled 7.7 percent. The Georgian economy grew by 9.5 percent year-on-year in February, while the average real gross domestic product growth for January-February equalled 7.7 percent, the National Statistics Office said on Friday. Last month’s […]
Read more50% of employees in Serbia consider changing jobs
Important information that helps decision-makers adapt strategies to meet the real needs of employees, improve working conditions and further strengthen their position in the market is provided by the “What Keeps Employees Going” research.
In Serbia it was conducted jointly by Osiguranik, Infostud, Rezilient and Tim Centar.
744 decision-makers from companies of different sizes were involved and 2,710 employees from various sectors were surveyed.
According to the results, flexibility in work remains high on employees’ priority list. The most desirable benefits are flexible working hours, the possibility of a four-day workweek, working from home and additional days off, followed by voluntary health insurance.
Wellbeing issues (stress, loss of energy, and lack of motivation) were mentioned by nearly all respondents (94%). 59% of respondents admitted that these issues significantly affect their productivity at work.
The research shows that eNPS (Employee Net Promoter Score) is at a very low level in Serbia, with an average score of -46, which indicates that most employees are dissatisfied with their work environment. Only 14% would recommend their company as a good place to work, while 60% of respondents openly express negative opinion about their company.
According to this statistic, 50% of the employees are thinking about changing jobs. A tendency to move to another company within the next year is especially evident with younger generations.
The focus of the HR sector on talent retention is the good news for 2025. Employee opinions may be changed due to the employee experience improvement, leadership skills strengthening and soft skills development.
Attraction of new talent as a tool to ease the hiring process for those looking for new job opportunities is considered by 36% of companies.
According to the salary policy statistics, 60% of employees are roughly aware of their colleagues’ pay in spite of proclaimed global trends in salary transparency. Part of the salary is paid “under the table” to 17% of employees, and the entire salary is paid in cash to 3% of employees. A need for wage system improvements, salary increases and greater transparency in companies is indicated by the fact that only 18% of employees are satisfied with their current earnings.
Numerous other insights about the labour market in Serbia, including topics such as feedback culture, working from home, and answers to questions like to what extent managers influence employee motivation and whether they truly want to be in their current position in the company are revealed by this research.
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Read moreWomen on the Job: Ukraine Labor Market Hit by War
Ukraine’s labor market is being impacted by military mobilization and by skills shortages. So bosses are looking to hire more women, as well as teenagers, to fill the gaps. Military mobilization and concerns about it are contributing to shortfalls in Ukraine’s labor market. And the “people shortage” is leading some employers to bring in women […]
Read moreHalf of employees in Serbia want to change jobs
The research “What Keeps Employees Going” provides crucial insights that help decision-makers tailor strategies according to the actual needs of employees. How many employees work off the books, do managers really want to be in their current position in the company, what percentage of employees plan to change jobs in the next year, what does […]
Read moreKazakhstan falls behind OECD countries three times in labor productivity
Kazakh Labor and Social Protection Minister Svetlana Zhakupova said Kazakhstan falls behind the OECD countries three times in labor productivity that led to a migration of labor resources from the agrarian sector to the services sector and trade, Kazinform News Agency reports. The minister said the Government carries out programs aimed at entrepreneurship development and […]
Read moreEmployment forum in western Georgia brings together 200 job seekers, over 40 businesses
The event, organised by the State Employment Promotion Agency, sought to strengthen economic opportunities in the country. Photo: Health and Labour Ministry press office Georgia’s western city of Zugdidi on Thursday hosted an employment forum aimed at connecting over 200 job seekers with more than 40 local and network companies from various sectors, including banking, […]
Read moreSerbia’s statistics office reports almost 3 million employed
As the Republic Statistics Office (RZS) said on Friday, almost 2.9 people were employed in Serbia in the second quarter of 2024 according to a labor force survey.
A press release reported that the LFS data for the second quarter 2024 show that the number of the employed persons was 2,899,700, the number of the unemployed persons was 257,800, while the number of the population outside the labour force was 2,484,400.
According to this data, the employment numbers increased by 48,400 and the unemployment numbers decreased by 44,800. It demonstrates the growth of the employment rate (51.4%) by 1.1 percentage points (p.p. and the decrease of the unemployment rate by 1.4 p. p. and was 8.2%. A decrease of the rate of the population outside the labour force was 0.4 p.p.
According to the RZS, the total rate of informal employment was 11.8%. In the agricultural sector it attained 51.7% and in non-agricultural sectors 5.9%.
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Ruling party’s “ambitious goal” for country’s budget to exceed $18.2 bln and for average salary to attain $1,277 by 2028 is highlighted by Georgian PM
The party’s “very ambitious goals” ahead of the October 26 parliamentary elections for increasing the country’s budget to exceed ₾50 billion ($18.2 bln) and raising the average salaries to ₾3,500 ($1,277) by 2028 was announced on Monday by Irakli Kobakhidze, the head of the ruling Georgian Dream party’s election staff and the Prime Minister of Georgia.
The “significant increase” in average salaries over the past decade was highlighted by Kobakhidze in his address at the presentation of the party’s election program. He noted that in 2012, the figure stood at ₾712 ($260), while “today that number has risen to ₾2,005 ($731)”.
According to the PM, these projections were based on “reliable data”, which the country’s final budget would reflect. He was also confident in the “accuracy” of these forecasts and in the possibility of such an increase of average salaries in the country.
The PM expects the national budget to exceed ₾50 billion ($18.2 bln) by 2028, and many projects will be implemented due to this rise.
“Peace”, “economic growth” were called by PM as key factors in Georgian Dream party’s “high” rating.
The country’s financial trajectory was highlighted by Kobakhidze. He says that in 2012, the budget equaled to ₾8.5 billion ($3.0 bln) and by 2024, despite the existing challenges, it “has increased to nearly ₾28 billion ($10,2 bln), owing to the economic growth”.
Unemployment has been halved from 26.7 percent in 2012 to 13.7 percent at present.
According to Kobakhidze, 1,217,000 people had been employed in 2021 and 170,000 new jobs had been created in the last two and a half years. They promise to provide at least 200,000 additional job opportunities by 2028 at this pace.
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