According to analysis from March 2008, Slovak labour market will have to face a deficiency of qualified workers. The divergence between the demand and the supply will work for faster increase of qualified workers’ salaries. Slovakia is facing already now the difference in the structure of vacancies compared to the number of unemployed looking for a job.
The tension in the labour market can be moderated by returning of qualified workers from abroad. But the trend is exactly opposite. There are still more and more people working abroad because of simple reasons – better working conditions and remuneration.
The number of migrating Slovaks can grow if Germany and Austria open their labour markets without restrictions. However, the constant rise of Slovak salaries can pull some of the Slovaks working in neighbouring countries back.
The number of unemployed without qualification is in balance with the demand in the labour market. Even though the unemployment rate has declined in the past years, Slovakia still has one of the highest rates through-out Europe.