Hire a remote team in Slovenia

Hiring a remote team in a country as Slovenia comes with a lot of overhead, such as compliance, local laws, taxes, etc. As a company, you don't want to worry about knowing all the local laws. Instead you want to focus on your remote team and the business. Rivermate's Employer of Record (EOR) solution helps companies hire remote employees in Slovenia. We take care of global payroll, taxes, benefits, compliance and HR activities. So you can focus on growing your business.

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1. Hire a remote team in Slovenia with Rivermate

Payroll, benefits, taxes, and compliance can be difficult to manage in Slovenia, particularly if you don't have established local relationships. You can hire employees in Slovenia effectively, conveniently, and in full compliance with all relevant labor laws using Rivermate's global Employer of Record (EOR) solution. We handle the responsibilities and legal risks associated with foreign employment so you can concentrate on growing your company.

Table of contents

Hire a remote team with Rivermate
Introduction
Hiring a remote team in your country
Cost of living
Cost of renting
Major industries
Hiring cost
Employment laws
Top skills
Economic landscape
Market size
Minimum wage

2. Introduction

Rivermate is a global employment solutions company that provides Employer of Record services in Slovenia.As an employer of record, we help you hire employees and run payroll services in Slovenia, allowing you to avoid the necessity of first establishing a branch office or subsidiary in Slovenia.It is not necessary to establish an entity in order to hire an employee. We can hire your employee in any country with a few mouse clicks. Using our Employer of Record solution, you can have full compliance, benefits, and automated payments.If you wish to hire a remote team in Slovenia or individually hire remote employees in Slovenia, Rivermate’s global employer of record services will make sure that the process will be as seamless as possible for you.Send us a message so we can talk about how Rivermate’s Employer of Record Slovenia services can best help your company!

3. Hire a remote team in Slovenia

Slovenia, a small country in central Europe, is a developed, self-sufficient, and stable nation. The country has been a member of the European Union since 2004 and of the Eurozone since 2007. Since its transition in the 2000s, the country has had an open market economy.Initially, the Slovenian economy was based primarily on services and trade. The transition to an open market economy has resulted in significant improvements in rural living standards. The privatization of a large portion of the economy has occurred. Currently, the primary sources of income in the country are food processing, pharmaceutical manufacturing, automotive parts manufacturing, and electrical appliance manufacturing.

4. Cost of living in Slovenia

Slovenia's cost of living is $1059, which is 1.14 times higher than the global average. Slovenia ranked 54th out of 197 countries in terms of cost of living and 31st in terms of quality of life.Slovenia's average after-tax salary is $1245, which is enough to cover living expenses for 1.2 months.

5. Cost of renting in Slovenia

Because Slovenia is a small country, the cost of living is fairly consistent throughout the country. Like in other countries, urban areas are moderately more expensive than rural areas. In general, individuals' living costs in Slovenia are influenced by their lifestyle and choice of housing. Because Slovenia has relatively high standards, housing and utilities are quite expensive. Furthermore, all essential services such as electricity, water, cooling, garbage collection, and internet access are more expensive than in most Eastern European countries.Rent costs vary greatly depending on location, apartment type, furnished or unfurnished, and other factors. The average house rent in most cities in the country can range from € 150 to € 250 depending on whether it is in the city center or outside of the city. Slovenia's capital, Ljubljana, is the most expensive city in the country.

6. Major industries in Slovenia

Slovenia's association with the European Union (EU) provides faster and more reliable trade routes that connect at fully equipped logistics centers for both Asian and EU manufacturers and traders.Slovenia's trade market is heavily reliant on the rest of the EU, particularly Italy and Germany. Slovenia's economy is primarily dependent on foreign trade, with earnings accounting for approximately 120% of GDP.The government has developed a number of policies and training programs to prepare the workforce for employment. The government is also working to boost the manufacturing sector in order to reduce unemployment, particularly among women, the elderly, and marginalized social groups.Slovenia's primary industries include food and beverage, wood products, textiles, chemicals and pharmaceuticals, automotive, ICT, medical devices, iron and steel, and so on.Slovenia's average broadband internet connection speed is 108.47 Mbps. The average download speed in the country is more than 40 Mbps, with upload speeds ranging from 30 to 35 Mbps depending on network connectivity.

7. Hiring cost in Slovenia

When it comes to hiring, the cost of hiring can be a major consideration. Hiring costs vary by location in a country, depending on the cost of living in that location, overall expenditure, and the availability of required skill sets. Several costs can have an impact on your hiring project, such as:- Cost for the interview process, screening process, etc.- Onboarding cost- Training cost- Opportunity costs

8. Employment laws Slovenia

In case of hiring in Slovenia, the Employment contract must contain the following information:- The contracting parties- The date of commencement of work- The title of the Job, along with the type of work- Job location- The type of contract (part-time / full-time)- Working time- The amount of basic salary- The terms of payment- Annual leave- Duration of the notice period- A reference to collective agreements

9. Top skills Slovenia

If you want to start an ICT business in Slovenia, this is the place to be because it has a high level of developer talent. A high level of English fluency and a programming pedigree are the right combination available in the country's young workforce to be recruited. Furthermore, Slovenia's tech efficiency growth curve, particularly in blockchain and 'crypto,' attracts foreigners.Apart from ICT, other industries hiring in Slovenia are:- Wood industry- Automobile- Food processing- Pharmaceuticals- Petrochemicals- Non-Metallic Mineral SectorLjubljana has a sizable English-speaking population. This city has the most opportunities in the pharmaceutical, petrochemical, and food processing industries. Other job opportunities include banking, finance, transportation, construction, skilled trades, and tourism.Other notable cities, such as Kamnika and Domzale, have industries such as meat processing, flour milling and baking, beverage production, milk processing, and export businesses.Industrial cities such as Kranj are involved in businesses such as automotive and export-oriented steel production.Slovenia has been pushed to ensure the sector's continued growth due to rising demand for high-quality healthcare products. As a result, pharmaceutical companies can be found in a variety of cities across the country.

10. Economic landscape in Slovenia

According to the Statistical Office of the Republic of Slovenia (SURS), the Slovenian economy grew by 1.6% in the first quarter of 2021, and growth should pick up in the third and fourth quarters as Covid-19 restrictions are lifted. Already, an increase in public investment backed by the EU's Recovery Fund has been observed, implying that growth will be supported in the coming years. Given Slovenia's economic recovery, the statistical bureau predicts real GDP growth of 4.5% in 2021.

11. Market size in Slovenia

Slovenia has a well-educated and skilled labor force. Because it is located at a major transportation crossroad, the country also has well-developed infrastructure and excellent connectivity. Though the level of foreign direct investment is not high, there has been a gradual increase in recent years. The country has approximately 1.36 million working-age citizens, with services accounting for approximately two-thirds of the working population.