In this paper, job flows and their determinants in the Slovak labour market over the period 2000 - 2004 are documented and analysed. Using the dataset that covers a substantial part of the Slovak enterprise environment (the sample is restricted to the enterprises with at least 20 employees), we focus on different issues of gross job reallocation. We find that job destruction dominates over a job creation and the job reallocation rates are comparable to those found in the other transition economies. We show that most of the job reallocation emerges within the groups considered rather than between groups, the pattern that prevails in the mature market economies. Finally, we investigate the enterprise growth and our results indicate that the probability of employment growth depends positively on ownership type and negatively on the initial size.