Hiring in Serbia
Part of Yugoslavia until the 1990s, Serbia has had a rocky road to independence that has seen participation in wars in the region and a struggle for nationalism that extends beyond its borders. Despite this, Serbia has developed one of the strongest economies in the Balkans and is seen as a future Southern European power as its markets develop and diversify.
Serbia’s economy is industrialised and extensively developed. Services make up 67% of GDP and industry accounts for around 25%. Although not an EU nation, Serbia’s main trading partners are mostly EU states.
With extensive foreign investment and industries that include car manufacturing and energy production, Serbia’s workforce is becoming increasingly skilled. This has made hiring in Serbia popular since independence and doing business in Serbia is seen as stable and straightforward, with help from a payroll expert.
Why use TopSource Worldwide in Serbia?
We free your teams from the burden of managing payroll across borders, working diligently to ensure a seamless process across all activities.
We’ll manage the data flow from you to every local market and will return data to you in a readable format for each of your key teams, including payroll journals if needed.
Our services combine process excellence with a human-centric approach, and our top priority is always the care and compliance of your payroll — no matter where in the world you operate.
- Leverage our experience and ensure in-country Payroll compliance.
- Reduce processing and back office time.
- Align processes, reducing complexity and risk
- A single, centrally managed payroll system that delivers a fluid and consistent service to you and your employees.
- Flexibility of service — adapting to your needs, regardless of the market.
- The option to work with other providers you already have in place, if needed.
- Global HR data management and data tracking where required.
- Global payments support for both employees and authorities.
- A dedicated team and account manager so that you always have a central point of contact
What TopSource Worldwide provides in Serbia
- Simplicity – we provide one monthly consolidated invoice for the services provided inclusive of salaries, taxes, fees and employee expenses. This reduces banking costs and your finance teams time spent.
- One point of contact – a single Account manager looking after all your Payroll.
- Compliance – all funds payable to the employee are processed through payroll. You receive monthly evidence of taxation paid to the competent authorities in country.
- All services are provided by in-country experts that are professionally qualified in their respective fields.
- Electronic payslips for all employees.
- All Statutory filing completed by TopSource Worldwide.
We appreciate each situation and business is different. That is why we offer a consultative and bespoke solution to every client. We know one size does not ‘fit all’.
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