The growth rate of the Slovak economy is twice as high as the average growth rate in the Euro zone. GDP is expected to increase to 3.8% in 2016. In August 2015, the unemployment rate was 11.32%, but it is expected to be under 10% by the end of 2016.
In the labour market, the economic growth is reflected in the growing number of new jobs, smaller number of job-seekers and even a shortage of skilled labour force. The position of job-seekers has improved, and they can afford to be selective when it comes to employers. This trend has continued, to some extent, for a few years now. For example, the number of job applications has decreased by one-fourth while the number of job advertisements has increased by nearly one-third from 2014 to 2015.
Ivana Molnárová, CEO of Profesia.sk, points out that when the market situation is challenging, recruiting companies need to work on their brand and reputation—to build their employer image consistently. Well-known and established companies typically attract more applications. Competition and a high turnover of employees force companies to develop the working environment and offer new benefits to the employees, Molnárová describes.
With 10,000 active clients, Profesia.sk is the leading destination for on-line recruitment in Slovakia. Launched in 1997, our Bratislava-based teams have built the Number One brand for both job seekers and employers. Read more >>