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Your global agency guide to...

Slovenia

Slovenia, with a GDP of $68.2 billion, ranks as the 85th largest economy globally. It boasts key industries like metallurgy, electronics, and automotive. With a low unemployment rate of 3.6%, Slovenia's labor market is stable but faces future sustainability challenges. The country has a limited number of recruitment agencies.

Slovenia'S

AGENCY LANDSCAPE

500 diagonal-ne-arrow-cyan

Agencies operating in Slovenia

A high number of agencies indicates a mature recruitment industry, marked by strong talent demand, established labor laws and economic stability.

Slovenia'S

FEATURED AGENCIES

Adecco Group

Dejavniki Uspeha d.o.o.

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Slovenia'S

GROSS DOMESTIC PRODUCT (GDP) RATING

85

WORLD RANKED

Slovenia ranks 85th in the world by current economic output

$68B

NOMINAL GDP (US$)

GDP reflects the overall size and economic strength of the country’s economy.

51

EMEA RANKED

Slovenia is the 51st biggest GDP in EMEA out of 109 countries in the region

GDP GROWTH (%)

The above chart compares how Slovenia's GDP has grown, compared to the rest of the world and the EMEA region in the last 7 years.
Positive growth indicates an expanding economy, while negative growth or recession signifies economic contraction. Strong growth can encourage hiring, but slower growth might lead to freezes or layoffs, influencing talent sourcing as businesses adapt to changing market conditions and demands.

Slovenia'S

CURRENCY AND CODE

Country currency

SVN

Country ISO code

Slovenia'S

INFLATION RATE

2.7%

CURRENT RATE

▼4.7% REDUCTION

Inflation represents the rate at which prices rise and purchasing power diminishes. High inflation may prompt employees to seek higher wages, potentially impacting company profitability. This situation could lead to budget constraints or hiring freezes, which might influence talent availability and sourcing strategies.


Slovenia'S

COST OF LIVING

COST OF LIVING INDEX EXPLAINED

The cost of living has a direct impact on salary expectations and the competitiveness of compensation packages. It can influence the appeal of certain locations-while high-cost areas may attract highly skilled professionals looking for higher salaries, lower-cost areas can appeal to companies looking to minimize salary expenses or candidates seeking a better work-life balance.

Slovenia'S

LABOUR STATISTICS

2.1M

POPULATION

With a population of 2,107,180, Slovenia is a small sized country by global standards. Slovenia's youth population is just below the world average, indicating it may face challenges in labor market sustainability over time. The working population in Slovenia is close to the world average, suggesting a stable labor market that can adequately meet the economy's demands. Slovenia's elderly population is just above the world average, suggesting a growing dependency ratio, which may strain the labor market.

Slovenia'S

RELIGION AND ETHNICITY

Religion

In religiously diverse countries, a broad sourcing and engagement approach whilst appealing to inclusive practices resonates with this candidate market. In contrast, in a homogeneous religious environment, understanding dominant cultural norms is often more important when engaging with talent.

Ethnicity

In ethnically diverse countries, there may be a greater variety of candidates with different cultural backgrounds and experiences. Employers may need to focus more on inclusive hiring practices to ensure they attract talent from across different ethnic groups.

Slovenia'S

UNEMPLOYMENT RATE

3.6%

CURRENT PERCENTAGE

▼0.39% REDUCTION

Slovenia's unemployment rate is healthy, indicating a well functioning labor market with good job opportunities for most people. Between 2022 and 2023, there was a small decrease in unemployment, suggesting continued economic stability with a slight improvement in job availability

Slovenia'S

TOP PERFORMING INDUSTRIES

Top industries

Automobiles
Chemicals
Machine tools

Slovenia'S

GENDER DEMOGRAPHICS

RATIO OF MALES TO FEMALES (BY AGE)

LABOUR PARTICIPATION BY GENDER (%)

63 / 54

Male | Female

In Slovenia there is a low gap in participation rates between males and females, indicating a relatively balanced workforce particpation often reflective of strong gender equality policies or cultural norms supportive of equal gender parity.

Slovenia'S

WORKING LIFE

$31K

Average gross annual wage (US$)

This figure represents yearly income before taxes. Higher wage countries are above $50,000 USD. Attracting talent in lower-wage markets can be cost-effective; however, offering above-average compensation may be required for in-demand skills.

$2.6K

Average gross monthly wage (US$)

This figure represents monthly income before taxes. Higher-wage countries typically exceed $4,000 USD per month. Attracting talent in lower-wage markets can be cost-effective; however, offering above-average monthly compensation may be necessary for in-demand skills.

Slovenia'S

WORKING LIFE

14DAYS

Minimum annual holidays

Minimum annual holidays reflect mandated leave. Hiring in countries with high allowances (over 25 days) will require emphasizing work-life balance when recruiting. In countries with fewer holidays (under 15 days), offering additional leave can enhance recruitment and set the organization apart.

40HRS

Average working full time week

Standard work is 40 hours weekly, Monday to Friday, with 8-hour days. Overtime isn't required but should be negotiated between employer and employee for hours beyond the standard.

Slovenia'S

TOP BENEFITS

130DAYS

Maternity leave

Maternity: 90 days plus 130 parental leave, paid by govt. Paternity: 30 days, govt-paid. Parental: 130 days each, extendable; 100% salary, cap at 2.5x average wage.

30DAYS

Sick leave

Sick leave is unlimited with a medical certificate. Work-related illness/injury: employer pays first 30 days, then social security covers. Payment responsibility varies with leave cause; Health Insurance may pay for child's illness or work injury.

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