The number one concern for tech startups and new tech companies is their bottom line — making hiring costs a key concern. U.S.-based tech companies in search of talented software developers in the United States will find a hyper-competitive market with an average salary of $130,000 to $145,000 across all experience levels. This salary may be unsustainable for many tech startups.
The high cost of talent in the U.S. tech industry has forced many tech companies to look for talent in emerging markets like Central Asia and Eastern Europe. Armenia is a fast-rising market for hiring tech companies and many companies want to know — what is the cost of hiring remote developers in Armenia? We may be able to provide you with the answers you are looking for at Truss, and help you find the perfect fit for your growing tech company with our end-to-end global hiring platform.
Contact Truss today to find out how we can help you find the perfect fit for your team!
READ MORE: Guide to Hiring Remote Workers in Armenia with an Employer of Record
Guide to Remote Developer Salaries in Armenia
Tech companies that choose to hire remote developers in Armenia will enjoy an impressive list of benefits that includes a deep, untapped talent pool, lower employment costs, higher employee retention rates, increased productivity, and lower salaries. Government incentives in the tech industry and investment by global tech companies have created a surplus of talent in Armenia that provides an incredible advantage for tech companies that choose to hire remote developers.
When you make the decision to hire remote developers in Armenia, it is important to have a clear understanding of the estimated salary costs for developers in the country.
Estimated Remote Developer Salaries in Armenia
| Role | Entry-Level (0 – 2 Years) | Senior (5+ Years) |
|---|---|---|
| Full-Stack Developer | $15,000 – $22,000 | $48,000 – $68,000 |
| Backend Developer (Java/Python/Go) | $14,500 – $21,000 | $45,000 – $65,000 |
| Frontend Developer (React/Next.js) | $13,000 – $19,500 | $40,000 – $60,000 |
| AI/ML Developer | $20,000 – $28,000 | $60,000 – $85,000 |
| DevOps Developer | $16,000 – $24,000 | $52,000 – $75,000 |
| Mobile App Developer | $14,000 – $20,000 | $42,000 – $62,000 |
| Data Engineer Developer | $15,500 – $23,000 | $50,000 – $72,000 |
| QA Automation Developer | $11,000 – $16,000 | $32,000 – $48,000 |
What Are the Hidden Costs of Hiring Remote Developers in Armenia?
We know that salary costs get the attention when you decide to hire remote developers in different parts of the world — but those are not the only costs you need to be aware of. There are hidden costs of hiring remote developers that will impact your bottom line, and when you understand average salaries and these hidden costs, you can better plan your finances.
Here is a closer look at some of the hidden costs associated with hiring remote employees:
- Employer of Record Fees: An Employer of Record is a valuable asset when you hire remote employees and will help ensure that you remain compliant with local labor laws, manage taxes, and manage payroll. The fees and costs for an EOR tend to be monthly and can range from an estimated $250 – $600 per month.
- Tax Compliance: When you hire developers in Armenia, the employer (or employer of record) is responsible for withholding taxes each month with a flat 20% income tax and 5% – 10% pension contributions.
- Overtime Pay: When you are trying to push a project across the finish line, there may be moments when you have to pay overtime to your remote team. This is a hidden cost that you need to be aware of when you are working on projects.
- Hardware Costs: Tech companies that hire remote developers in Armenia and around the world need to account for hardware costs when looking at the financial costs of hiring remote tech talent.
- Onboarding, Training, and Productivity: A hidden cost that can be overlooked is the costs associated with the time it takes to onboard and train brand-new employees. It will take time to onboard, train, and get new employees to a productive level, and during that timeframe, tech companies are paying salaries without improving production in many cases.
READ MORE: Benefits of Hiring Remote Tech Talent for Startups
Find and Hire Remote Developers in Armenia with Truss
Are the lower costs of hiring remote developers in Armenia attractive to you and your tech company? We hope that this detailed look at remote developer salaries in Armenia and the hidden costs of hiring remote developers has helped paint a financial picture of the costs related to finding tech talent overseas.
Tech companies that have made the decision to hire remote developers in Armenia, Central Asia, or Eastern Europe, may not know where to start, and that is where Truss can help. Truss provides tech companies with a comprehensive global hiring platform and employer of record service that will help you build and run your team. Truss has years of experience finding, recruiting, and hiring tech talent in different regions, and we will put that experience to work for you and your team, finding job candidates that meet all of your criteria. When you have found the perfect fit for your team, we will help you onboard and manage remote employees, and will serve as your employer of record to ensure you remain compliant with local labor laws.
Contact Truss today for more information on how Truss can help you build your team!
