Why Novi Sad is a deceptively difficult market to hire in
A city of 400,000 with 18,000 software engineers, a €1.8 billion manufacturing export base, and a 98%-occupied Science and Technology Park does not produce leadership vacancies that get filled through job postings. Novi Sad's executive market operates on a different logic than its headline growth figures suggest.
The University of Novi Sad produces strong technical graduates. Its Faculty of Technical Sciences supplies 60% of the city's engineering workforce. But the city's rapid evolution from body-leasing operations to captive R&D centres has created a severe gap at the mid-to-senior management level. Executive education programmes, including the UNS Executive Academy and the CEU Business School satellite, are scaling but remain years behind demand. The professionals who can lead a product centre, run an EV supply chain operation, or build a data science function from scratch are a small population. Most of them are already employed by the city's most competitive firms. They are not reading job boards. They are the hidden 80% of passive talent that conventional methods do not reach.
Levi9, Endava, Vega IT, Schneider Electric, Siemens Mobility, and Huawei are all drawing from the same finite pool of experienced technical leaders. Minth Europe and Yanfeng compete for the same battery and materials engineers. Victoria Group and BioSense-linked AgriTech startups pursue the same agricultural data scientists. With vacancy rates exceeding 12% in engineering and data science, every employer is chasing the same profiles simultaneously. The firms that win are not the ones that post first. They are the ones that already know who to approach.
Between 2022 and 2026, the share of body-leasing work in Novi Sad's ICT sector dropped from 55% to 38%. Captive product centres replaced outsourcing desks. Minth committed €90 million to its Phase II facility. Huawei opened a Digital Innovation Centre. Stada is building a €45 million pharmaceutical logistics hub. Each new investment demands leaders with experience in scaling operations, not just maintaining them. But Novi Sad's professional community was shaped by a decade of staff augmentation. The city now needs executives who think like owners, in a market that trained people to think like suppliers.
These dynamics are why a Go-To Partner approach to executive search exists. The challenge is not sourcing CVs. It is having pre-existing intelligence on who holds which role, what would motivate them to move, and what compensation package the market will bear.