Slovenian employers optimistic about hiring for H2 2024

The SATR survey for the second half of 2024 reveals that compared to the same period of the previous year, Slovenian employers have less optimistic employment forecasts, but compared to last year, we see an increase in the share of companies planning to raise wages. Compared to the previous half-year, a smaller share of employers predicts a salary increase in the second half of the year. Employers in the construction industry and in the accounting and HR services industry are predicting the biggest wage increase. Employment intentions for the second half of the year are otherwise more optimistic than in the first half of 2024. 

The "Salary and Employment Trends, H2 2024" survey provides insight into the state of the labor market, hiring intentions for the second half of 2024, planned changes in wages and benefits, and key comparisons of wage changes over the last three years. 

The questionnaire was answered by personnel and managers from various industries: manufacturing sector (32.87%), retail trade and wholesale (18.34%), information technology (15.22%), tourism and hospitality (5.19%), mechanical engineering (4.5%), transport and logistics (3.81%), telecommunications, electronics and electrical engineering (3.11%), construction (3.11%), banking, finance and insurance (2.77%), healthcare and pharmaceuticals (1.73%), accounting and HR services (1.04%) , science and education (0.69%) and other activities (7.61%). 

Key findings for H2 2024 

• For the second half of 2024, 36.21% of employers predict a salary increase, while 62.46% of employers do not plan salary changes. 
• A larger share of employers (80.4%) do not anticipate significant changes regarding additional benefits for employees in the second half of 2024, while 16.94% of employers plan to increase or introduce benefits. 
• The average amount of holiday pay paid by employers participating in the SATR survey in Slovenian companies in 2024 is €1,850.67. 
• Companies had the most problems with recruiting new staff in 2023 in the production, sales, procurement and IT departments. 
• The net employment forecast for the second half of 2024 is +47.42%. 

Graph: What changes in monthly gross salaries are planned by employers in H2 2024?

"The predictions of the SATR survey for the second half of 2024 reflect stability and cautious optimism among Slovenian employers. Despite less optimistic employment forecasts compared to last year, we are still seeing positive trends. We are pleased that employers are planning to increase wages, which is an important indicator of confidence in future business and clearly indicates that the battle for personnel is still relevant. Talent retention and acquisition strategies remain critical to success in this highly competitive environment," emphasized Tamás Fehér, Managing Director for Manpower Hungary, Croatia and Slovenia. 

Salary trends in the second half of 2024: How much will salaries grow? 

The survey "Salary and Employment Trends, H2 2024" shows that more than a third of employers (36.21%) plan to raise wages, while 62.46% of employers do not plan changes in the next six months, and 1.33% of them predict a decrease in wages. 

A larger share of employers (80.4%) do not foresee any significant changes regarding additional benefits and financial incentives for employees in the second half of 2024, while 16.94% of employers plan to increase or introduce benefits, while a smaller share of employers (2.66%) will reduce benefits and financial incentives or canceled. 

Employment plans for the second half of 2024 

More than half of employers (53.95%) plan to hire more than fire in the second half of 2024, while 6.53% of employers plan to fire more than hire. Almost a third (28.18%) of employers do not foresee any changes in hiring, while 11.34% are still undecided about their hiring intentions. The net employment forecast for the second half of 2024 is +47.42%. 

Regres 2024: How high have companies set the bar? 

The average amount of holiday pay that employers participating in the SATR survey paid out in Slovenian companies in 2024 is €1,850.67. 

Based on the SATR H2 2024 survey, 59.93% of employers paid a higher holiday pay than last year, 8.22% paid a lower holiday pay than last year, and 31.85% of employers did not change the amount of holiday pay compared to last year. 

About Salary and Employment Trends reports

You can read more about the report "Salary and Employment Trends, H2 2024" HERE (https://www.raziskave-manpower.com/). 

We would like to thank all the participating companies that co-create the survey "Trends in wage and employment trends." The next report on wage and employment trends will be available in January 2025, with a trend forecast for the first half of 2025. We invite all HR professionals and decision-makers to follow our social networks and fill out the SATR H1 2025 questionnaire in December.