Serbian Dinar (RSD)
Serbian Dinar (RSD)
Serbia, in Southeast Europe, is an ascending star in the IT realm, annually churning out 30,000 engineering graduates, underscoring its tech growth.
Belgrade, the capital, pulsates with tech innovation, abounding in events, incubators, and R&D efforts, attracting talents skilled in diverse tech niches from software engineering to digital entrepreneurship.
With its IT sector anticipating a CAGR of 8.77% from 2023 to 2028, Serbia is gaining prominence as a global IT service provider. Its strategic location, cost-effectiveness, and innovation-driven culture make it a prime choice for businesses seeking quality software development services. Serbia's robust IT market and skilled workforce mark it as a promising hub for tech investments and collaborations.
ALLSTARSIT takes care of everything for you – we have a 360° approach with a full recruitment cycle
In Serbia, salaries are usually disbursed monthly. Employers are required to process wage payments a minimum of once per month.
Any work exceeding the standard weekly working hours is considered overtime and is governed by the terms of the employment contract or collective agreements. There are limits to the amount of overtime an employee can work when asked to work additional hours or on holidays, not exceeding eight hours per week or four hours in a single day.
Overtime that goes beyond 40 hours a week is compensated at a rate higher than the regular pay, typically at 126.00% of the employee's average wage. When overtime is carried out on public holidays, the compensation is set at 110.00% of the employee’s normal pay rate.
Employees earn the right to 20 days of paid annual vacation after completing a year of service with their employer. For those who have been with the organization for less than six months, annual leave is accumulated at a rate of 1/12 per month. Any days not taken can be rolled over until the end of June the subsequent year.
Employees qualify for 30 days of paid sick leave, during which they receive 65% of their regular salary from the employer. However, if the illness is a result of a workplace injury or ailment, the employer is obligated to pay 100% of the employee's standard earnings during this leave. Should the sick leave extend beyond 30 days, the responsibility for compensating the additional leave shifts from the employer to the state.
It is mandatory for employers to provide a medical certificate verifying the illness within the initial three days of the employee's sickness.
Public and Provincial Holidays
Employers are required to notify an employee eight days in advance of termination (or five days during a probationary period). Conversely, an employee planning to end their employment contract is obligated to give 15 days' notice.
For layoffs, a notification period of 30 days is mandatory.
13th Month Bonus
The law doesn't mandate 13-month salary payments. Any bonuses are issued at the discretion of the employer.
Setting up a separate business entity in every location where you plan to hire employees or a team is time-consuming and incurs high legal fees.
At the same time, navigating local labor laws and adhering to employee expectations can be a complex and challenging task, as is finding accurate and up-to-date employment information for all your potential hiring locations. Not to mention that tracking invoices and managing employee contracts through email and spreadsheets is messy and error-prone.
Compliance is critical in this context, and we must ensure that we follow local guidelines, particularly regarding taxes and legalities.
ALLSTARSIT streamlines the process by offering an integrated solution for finding and hiring employees, managing HR and payroll, and automating compliance across 20+ countries. All simple and hassle-free.
Choose the right expert professionals required for your specific project, saving time and wasted effort.
This service enables software development companies worldwide to meet any technical needs outside their core skill set by adding specialized staff on demand while retaining control of the project's specifications and scope.
Establish R&D / Tech Support / QA & Testing / DevOps / Data Entry Centers in your chosen location.
Forget about investing in facilities, equipment, technology, or human resources. We manage all necessary operations as your specialist. This can help you save money and resources, all while reducing frustration and simplifying internal processes.
Use ALLSTARSIT as your EOR / CM to easily hire employees in new countries without setting up a legal entity.
We act as the employer for your new hire, handling all HR, payroll, tax, and compliance requirements on your behalf, while you maintain control of their workload.
Tap into a wide talent pool of top-tier engineers from our database. We will find the right fit for your business and help you reduce your hiring timeline.
Attract, hire, and retain top talent, building a motivated workforce that drives your business forward.
Managing tech equipment
Retention and risk analysis
Compensation revision & expense returns
1:1 meetings (180-degree)
Performance reviews & periodic surveys
Ongoing client and expert support
Expand your business globally and hire employees or contractors quickly and efficiently by partnering with ALLSTARSIT, who can act as your EOR/CM and handle the administrative and legal aspects of their employment while you control their workload.
Improve your employees' well-being and job satisfaction by offering them a range of corporate benefits through ALLSTARSIT, including wellness consultant sessions, music lessons, workations, gym compensation, and employee recognition programs.
Keep track of your team's progress and satisfaction with ALLSTARSIT's monthly reports and periodic surveys, allowing you to identify any issues and make necessary adjustments to retain top talent.
Enhance your employees' working experience by offering them the possibility of working from an office or securing a seat in a premium co-working space shared area through ALLSTARSIT.
Simplify your HR operations and ensure your employees receive timely and accurate paychecks with ALLSTARSIT's comprehensive payroll solution.
Increase your employees' satisfaction and productivity by providing them with the peace of mind that comes with having access to a reliable and comprehensive health insurance package made possible by ALLSTARSIT.
Invest in your employees' professional development by implementing a comprehensive L&D program that includes access to online education platforms, language classes, and technical meetups, courtesy of ALLSTARSIT.
Build a Customer Care or a Customer Support team to ensure that your business excels in providing exceptional assistance to your customers.
Whether you need a team of professionals that can handle relationship building and product knowledge or a group of Tier 1/2/3 engineers that can help with troubleshooting and other technical issues, ALLSTARSIT can help you find, hire and manage them.