National minimum wage in detail
Employees in Serbia are entitled to an hourly minimum wage. The minimum wage is determined based on time spent at work, as well as taxes and other contributions paid from the wage. The amount of the hourly minimum wage is determined by the decision of the Social and Economic Council, or by the Government if the Social and Economic Council does not adopt a decision within 15 days from the start of negotiations.
The Government has set an hourly minimum wage for 2019 in the amount of RSD 155.30 (EUR 1.31) net. In determining the minimum wage, the following is especially taken into account: the cost of living (subsistence and the social needs of employees and their families), the unemployment rate, employment trends and the general level of economic development in the Republic.
The minimum hourly wage is revised every year and cannot be lower than the previous year’s minimum wage.
Author: Karanovic & Partners
Date: March 2019
Note: For specific advice on any particular issue, please consult the relevant firm. The law is stated as at March 2019.