BD2P’s partners Vuk Drašković and Miloš Andrejević once again were contributors to the Global Employer Update 2024 for Serbia – published by Paul Hastings.
The latest edition of Paul Hastings’ guide, “Mapping the Trends: The Global Employer Update 2024,” provides updates on the key employment law developments across 79 jurisdictions to help its clients manage their global workforces. After all, local realities impact global strategies.
Top 3 Global Trends for 2024:
- Money
There are some obvious legislative drivers in the EU with the transposition of the Adequate Minimum Wage Directive and the proposed Pay Transparency Directive, but also remuneration reforms across many of the surveyed jurisdictions in Africa and, more widely, government responses to economic headwinds. A broader analysis of these measures suggests that their effects are largely in favour of the employees, and consequently employers are shouldering the bulk of an even heavier financial burden in 2024.
- Boosting economic growth through family-friendly measures
In 2024 we see a real trend of governments around the globe taking legislative steps to improve family-friendly measures, for both parents and those with caring responsibilities. These measures vary from greater availability of flexible working arrangements, improved maternity, paternity and parental pay, leave and protections, mandatory obligations to provide childcare facilities at or near the workplace, tax breaks for childcare costs, and support for those with caring responsibilities.
- The dynamic world of work
In 2024 it is evident that working practices and working relationships continue to evolve. There is a focus on health and safety, workplace fairness and increased enforcement in new legislation, we see developments. Many EU jurisdictions have called out legislative changes to the form of their contracts of employment, with restrictions on the use of fixed-term contracts and exclusivity clauses and new rules around probationary periods, undoubtedly spurred on across the EU by the EU Directive 2019/1152 on Transparent and Predictable Working Conditions.*
The full guide is available here, and the Serbian chapter can be accessed here.
*Source: Paul Hastings website
