The minimum wage in Serbia is determined by the Social-Economic Council, which holds negotiations with trade unions to set the appropriate level. However, if no agreement is reached within 15 days from the start of negotiations, the Serbian government will step in to determine the wage within the following 15 days.
Minimum Wage in Serbia in 2025
Several factors influence the minimum wage level in Serbia, such as social and existential needs of employees. This is reflected through the value of the minimum consumer basket, which considers the basic living expenses required for an average household.
Other key factors influencing the minimum wage include the employment rate, the country’s economic growth as measured by GDP, trends in consumer prices, productivity levels, and the national average wage.
As of January 1, 2025, the minimum wage is set at RSD 308 per hour. This is equivalent to USD 2.68. Most employees in Serbia are paid monthly, typically receiving their salary at the end of each month.
Implications for Serbian Employers
Understanding the minimum wage framework and staying up-to-date with any potential changes is crucial to ensuring compliance with labor laws and maintaining employee satisfaction. Employers in Serbia must ensure that they adhere to the new minimum wage regulations and adjust their pay structure as necessary.