Young unemployed to benefit from changes to Slovakia Employment Act

The amendment to the Act No. 5/2004 Collection of Laws on Employment Services introduces a new contribution to support young unemployed people under 29 years of age who have not had a regularly paid occupation lasting for at least a period of six months.

Unemployed people between 25-29 years of age must have been registered in the Register of jobseekers for a minimum of six months, and those under 25 should have been registered for a minimum of 3 months, for the contribution to be valid. Labour offices will provide contributions in the maximum amount of 80% of the total labour costs of an employee, and not more than 60% of an average salary in the national economy. 

A monthly amount of contribution will reflect the rate of the registered unemployment in the respective region in relation to the average rate of registered unemployment in Slovakia.

The new contribution will be provided by the state for the period of six to 12 months with the condition of preserving the vacancy for a half of the support period. The condition for granting the contribution will be an increase in the number of vacancies which will represent an overall increase in the number of employees for the period of 12 months in comparison with the preceding period.

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Ondrej  Mihočka
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