The updated report by Germany Trade & Invest (GTAI) on the Slovak labor market provides important tips for a clear HR strategy. An extra section is dedicated to labor law, which Igor Augustinič and Zuzana Dzilská contributed to.
The labor market in Slovakia remains tight—especially in the economic centers. For German SMEs (Small and Medium-sized Enterprises) with local branches or expansion plans, a closer look is worthwhile:
✅ Strengths:
➡️ Well-trained skilled workers
➡️ Labor costs remain competitive despite wage increases
➡️ Openness to Technology & AI
➡️ Dual vocational training is gaining importance
⚠️ Challenges:
➡️ Skilled worker shortage in key regions
➡️ High wage pressure for specialists
➡️ Low mobility & education detached from practice
➡️ Lengthy procedures for skilled workers from third countries
📈 Despite economic uncertainties, the unemployment rate remains low. At the same time, the number of vacancies is rising—especially in production, trades, and services.
🤖 Automation & AI are changing the requirements: Lower demand for classic IT roles, more demand for tech-savvy skilled workers.
🎓 Dual vocational training as a model for the future: German companies like Volkswagen, Brose, or Schaeffler are setting standards—with positive effects on securing skilled workers.
💡 Recruiting Tips: Job fairs, AI-supported tools, and local headhunters are important levers. Those who think long-term invest in training and onboarding.
"This is a matter of survival for law firms. They will become more digital, or they will disappear." Arthur Braun M.A.- MANAGING PARTNER
On November 24, 2022 the Senate approved the draft amendment to the Energy Act introducing a 90% levy on excessive revenues for electricity producers with effect as of December 1, 2022.
