Introduction
Slovakia, also officially known as the Slovak Republic, is a landlocked country in Central Europe.
Population- 5,743,925 million
GDP: 210.75 billion USD
July 3, 2025
Overview of Slovakia
Economic Overview
While Slovakia's economy is termed as growing, it is expected to increase by 1.3%. Due to government's intervention in mitigating the rising energy prices for households and organizations, Slovakia did not experience the effect of the global energy prices surge.
Market Expansion
According to Statista Digital Market Outlook, markets in Slovakia are expected to continue growing over the next few years. The compound annual growth rate predicted for the market of Slovakia for the next four years is 5%.
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- Slovakia has stable policies for macroeconomics which makes the country more attractive for U.S exporters to do business.
- The major domains of the Slovakia market are Engineering, electronics, automation, service, tourist industries.
- The automotive industry of Slovakia remains a major source for deficit financing and growth of export through inflows of foreign direct investment.
- Even after the disruption of foreign and domestic demand in Slovakia due to the covid-19 pandemic, the country has strong economic growth.
- More focus on strengthening the population’s skills in Slovakia to generate more employment, boost productivity, and make the country’s economy more resilient.
Cost of living
Living in a country depends on many factors like the state, location, area, utilities, policies of that area, etc. The cost of living in Slovakia is also based on these factors. But the main factor of living in a country is always the location. The following table gives information about the cost of living in Slovakia:
Category Area of Expense Estimated Monthly Cost (EUR)
Salary Structure for various roles
The following table shows the average salary structure for various sectors in Slovakia:
Cost of renting
The average cost of renting a single apartment or a PG, hostels, shared flats in Slovakia is around 400-600 Euros. The cost of the rent also depends on the standard of living and the location of the apartment.
Cost of living based on lifestyle and location in Slovakia
The top sectors expected to hire in Slovakia in 2025
Top Skills in Slovakia
The service sector in Slovakia has grown over the past few years and is now employing almost 69% of the population of Slovakia and majorly contributes to the country’s GDP. Slovakia is focusing on skilling its population to increase employment in various sectors and boost productivity. The types of skills given are based on the importance of a particular city and its dominant sector.
The following are the major industries hiring in Slovakia:
- Automotive
- Chemical Industry
- Mechanical Engineering
- ICT
- BPO and shared services
- Pharmaceutical and Life Sciences
Top Skills City-wise Occupation-wise
Bratislava is the wealthiest region of Slovakia and contributes 26% to the GDP of the country. Around 75% of the population of Bratislava works in service sectors like telecommunication, IT, tourism, banking. The famous Volkswagen factory is located in Bratislava.
Košice is another economic hub of Slovakia located on the eastern side and contributes 9% to the country’s GDP. It is the second-largest employer in Slovakia, with around 13,500 employees working in the steel mill and other IT solutions. Other major sectors in Kosice are:
- Services
- Food Industry
- Trade
- Mechanical Engineering
- Information and communication technologies
Prešov is the third-largest city in Slovakia and is known for its business centers in the country. It is also one of the major tourist attractions. Thus, the tourism industry provides the most occupation here.
Žilina is the fourth largest city in Slovakia and is considered an important industrial area. The city is known for its construction and retail centers. The biggest employer present in the city is Kia motors which is a Korean car company. Other sectors present in Zilina are
- Constructions
- Transportation Engineering Industry
- Chemical Industry
- Textile mills
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An important step in the hiring process is to determine the cost of hiring an employee. It depends on various factors like overall expenditure, cost of living, and many other factors such as cost of:
- Onboarding employees
- Training the employees
- Other miscellaneous costs
Employment Laws in Slovakia
Slovakia Remote Hiring Trends 2025
Slovakia's economy is expected to experience a 1.3% increase. Along with Slovakia’s growing economy comes an increase in information and communications technology (ICT) workers who are in-demand candidates for remote positions. Slovaks are in-demand by international companies since being ranked the 16th-best country in the world for remote work.the economy is projected to grow by 2.3%. Along with Slovakia’s growing economy comes an increase in information and communications technology (ICT) workers who are in-demand candidates for remote positions. Slovaks are in-demand by international companies since being ranked the 16th-best country in the world for remote work.
Top Tech Roles in Slovakia
Slovakia is a haven for sourcing information technology (IT) workers. The nation has reached an IT export of $2.5 billion USD. As the information and communications technology (ICT) sector makes up a large portion of the economy, certain IT positions are needed as the industry expands. The most in-demand tech job titles in Slovakia are:
- IT Specialist
- Programmer
- IT Technician
- Sales Representative
- Marketing Manager
- Software Engineer
Some top tech companies hiring IT employees in Slovakia include:
- HP
- Accenture
- Microsoft
- Dell
- Lenovo
- Oracle
Foreign companies that hire employees in Slovakia enjoy lower labor costs, and Slovaks benefit from the wages that allow for a higher quality of life. For example, the annual salary for a software engineer in Slovakia is $28,558– much lower than the average salary of $87,795 for the same role in the United States.
Recruiting methods
The most popular recruiting method in 2025 is recruiting candidates through online job boards. The top online job boards for hiring in Slovakia are:
- Profesis.sk
- Careerjet.sk
- Praca.sme.sk
- Kariéra.Zoznam.sk
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FAQs
How to hire employees in Slovakia?
Companies can hire employees in Slovakia by establishing a local legal entity or working with an Employer of Record (EOR). An EOR acts as the legal employer, managing employment contracts, payroll, taxes, social contributions, and compliance without setting up a local entity.
What is the minimum wage in Slovakia?
As of January 1, 2025 the minimum wage is EUR 816 per month or about EUR 4.69 per hour, which is approximately 954 USD per month. Wage rates may be higher depending on the level of job difficulty.
What are the employment laws in Slovakia?
The labor laws in Slovakia, primarily governed by the Labor Code (Zákonník práce), mandate a standard workweek of 40 hours. Employees receive at least four weeks of paid annual leave plus public holidays. Maternity leave is 34 weeks (extended for single parents or multiple births) and paternity leave can last up to 28 weeks in certain circumstances. Sick leave is paid up to 52 weeks with contributions from employer and social insurance. Written contracts are required and termination must follow notice and severance rules.
How can a U.S. company pay employees in Slovakia?
A U.S. company can set up a local entity and process payroll in euros or use an EOR. The EOR handles salary payments, payroll taxes, national insurance, and compliance. Third‑party payroll providers are also available for companies with a local presence.
How do I obtain a work permit in Slovakia?
To hire a foreign national the employer must apply for a work permit through the local labor office. The employee then applies for a work visa or residence permit. Required documents typically include a valid passport, employment contract, proof of qualifications, police clearance, and a medical certificate. Permits are usually valid for one year and can be renewed.
