Tech startups may find that it is a challenge to compete with larger tech companies when they need to hire talented software engineers and developers. This reality has forced many growing tech companies to search for talent in emerging markets around the world. These emerging tech hubs provide hiring tech companies with a deep talent pool and endless opportunities to grow a business.
When tech startups make the decision to hire talented remote developers in emerging tech hubs like Armenia, they will discover an impressive list of benefits. The competitive benefits of hiring remote teams in Armenia can tip the scales in favor of tech startups and growing companies, allowing them to find the talent they need at affordable salaries — and Truss can help.
Contact Truss today to learn more about our global hiring platform!
READ MORE: Average Tech Salaries in Armenia
6 Reasons Why You Should Hire Remote Teams in Armenia
Why? Why should you choose to hire remote tech talent in Armenia? Traditional offshore hiring markets like Eastern Europe and Latin America have provided tech companies with a deep pool of talent for years. So, why should hiring companies shift focus to Central Asia and countries like Armenia?
Here is a quick look at a few reasons why you may want to build remote teams in Armenia and the competitive benefits this emerging market provides:
1. More Cost-Effective
Tech startups that choose to hire remote software engineers and developers in Armenia will discover that lower employment costs and lower salaries benefit their bottom line. Labor costs in Armenia are an estimated 50% lower than in Western Europe with typical developer salaries ranging from $1,800 – $3,200 per month. These lower costs allow growing tech companies to find exceptional talent at a lower price.
Tech Salary Comparison
| Country | Average Annual Salary Range |
| Armenia | $48,000 – $70,000 |
| United States | $130,000 – $220,000+ |
| Kazakhstan | $40,000 – $70,000 |
| Uzbekistan | $33,000 – $60,000 |
| Georgia | $75,000 – $85,000 |
| Poland | $55,000 – $95,000 |
| Mexico | $45,000 – $80,000 |
| Brazil | $47,000 – $76,000 |
| Argentina | $35,000 – $67,000 |
| Chile | $35,000 – $50,000 |
| Columbia | $25,000 – $45,000 |
| India | $25,000 – $55,000 |
2. Deep Talent Pool
Tech companies that look for talented engineers or developers in the United States will not only encounter higher salaries — they may find limited talent that does not fit the necessary skillset. When you expand your search for talent to Armenia, you will find a deep and untapped pool of talent that is backed by an education system that prioritizes STEM and government initiatives that promote tech-related education and career paths.
3. Lower Employer Taxes
Tax incentives in emerging markets play an important role in the remote hiring process for tech startups. Armenia provides lower employer taxes than other parts of the world that include a 1% turnover tax and encourage foreign tech companies to invest in Armenian talent. In addition to lower employer taxes — Armenia provides available reimbursements on employee income taxes for qualified employees.
4. Strategic Location and Time Zone
In real estate, the expression is — location, location, location — and that remains a benefit for tech startups that hire in Armenia. Armenia is a growing tech hub in the region that promotes a multilingual workforce that speaks fluent English, and a strategic time zone makes the country an asset for U.S.-based tech companies. With a time zone that is 8 – 12 hours ahead of the United States, tech companies can improve productivity with a Follow-the-Sun strategy.
5. Higher Retention Rates
A key competitive benefit that tech companies will enjoy when they hire remote employees in Armenia is a higher retention rate in tech industry career fields. This data is driven by salaries that are estimated to be 2.7x higher than the national median on average. The industry’s contribution to the national GDP has helped create a culture of professional loyalty and long-term career security for tech employees.
6. Faster Onboarding with an Employer of Record
When U.S.-based tech companies hire in Armenia, a trusted Employer of Record — like Truss — can prove to be a valuable asset. With an employer of record on your side, you can reduce the time it takes to find, recruit, hire, and onboard remote employees in Armenia. With the help of an employer of record, tech companies can reduce the time it takes to onboard employees by as much as 1 – 2 weeks.
READ MORE: Guide to Hiring Remote Workers in Armenia with an Employer of Record
How Can Truss Help Hire Remote Workers in Armenia?
Does Armenia sound like the right place to find and hire remote software developers? Do the competitive benefits of hiring remote employees in Armenia tip the scales? You may want to hire in Armenia — but you may not know where to start. Truss can help.
Truss provides U.S.-based tech companies with a competitive advantage and a global hiring platform that will help you find the talent you need to succeed. Truss has years of experience finding, recruiting, hiring, onboarding, and managing remote employees in Armenia and Central Asia — and we will put that experience to work for your company. When you provide Truss with a list of skill and salary requirements, we will provide you with a list of qualified candidates to choose from, and then act as your employer of record in Armenia to ensure you are compliant with local labor laws.
Contact Truss today to learn more about how Truss can help your company succeed!
