Does your tech company continue to grow? Are you looking for ways to grow your team and add talent to your workforce? U.S.-based tech companies have started to look across the globe and Central Asia has become a hotspot for companies that want to add software developers — and places like Turkmenistan may prove to be a gold mine for you and your tech company.
Investment in the tech industry by the government in Turkmenistan and an emphasis on learning tech-based skills has made the country an emerging market in the tech world. A Turkmenistan digital economy development concept has established entities to focus on cybersecurity across the country, created initiatives to improve the digital skills among the population, created partnerships to build educational programs in the tech industry, and the country continues to invest in broadband internet access and talent development in IT fields. These factors work together to make Turkmenistan a great place to find experienced and knowledgeable developers.
If you want to hire developers in Turkmenistan and you aren’t sure where to start, Truss is here to help with an innovative global hiring and management platform for tech companies. Contact Truss today to learn more about our global hiring services!
READ MORE: Top 10 Tips for Successful Global Remote Hiring
How To Find and Hire Software Developers in Turkmenistan
Are you looking for the perfect place to hire in Central Asia? Turkmenistan may prove to be the perfect fit. Located on shores of the Caspian Sea and bordered by Uzbekistan and Afghanistan, the country of Turkmenistan continues to grow and thrive. The emphasis on the development of a digital economy in Turkmenistan has led to increased household incomes, higher wages, and positive growth in the economy.
If you hope to hire developers in Turkmenistan — you may not know where to start and that is where Truss can help. There are four primary methods to add global talent to your company workforce — by working with an Employer of Record (EOR), starting your own local entity in Turkmenistan, hiring with a Professional Employer Organization (PEO), or hiring independent contractors.
READ MORE: Differences Between an EOR and an AOR
Why Hire Tech Employees with an EOR in Turkmenistan?
We know you have options to hire remote employees in Turkmenistan — but you may find that an employer of record is the right choice. An employer of record is a third-party that will serve as the legal employer of employees you hire in Turkmenistan to manage payroll and compliance in the country. Working hand in hand with an employer of record in Turkmenistan — like Truss — is more affordable than creating a local entity, more efficient than a PEO, and more versatile than hiring independent contractors.
There is no shortage of benefits to partnering with an employer of record like Truss. The primary benefit is that an EOR will ensure your company remains compliant with local employment laws and avoids misclassifying employees. An employer of record provides companies with a level of versatility as well, giving them the ability to hire part-time, full-time, or independent contractors with lower hiring and management costs than alternative hiring methods. Truss adds the benefit of helping you find, recruit, hire, and manage elite tech talent in Turkmenistan and Central Asia.
How Much Does a Software Developer Make in Turkmenistan?
When you hire in Central Asia and Turkmenistan, your company will benefit from lower employment and payroll costs when you compare the numbers to the United States. The official currency in Turkmenistan is Turkmen Manat (TMT). The average monthly salary for an entry-level software developer in Turkmenistan is 8,300 TMT — which is the equivalent of $2,364 USD per month at the current exchange rate. The average monthly salary for a software developer in the United States is $11,078 per month.
Employees in Turkmenistan are paid monthly and work a standard 40-hour work week with a mandated minimum wage of 1,280 TMT per month. Overtime is limited to 120 hours per year and is paid at twice the standard hourly salary. When employees are hired in Turkmenistan they are granted 30 days of paid vacation each year — but it may vary based on the employment field. Employer costs in Turkmenistan are 20% of the employee’s salary.
READ MORE: How To Hire an Employee Through an EOR in Turkmenistan
How Can Truss Help Hire Software Developers in Turkmenistan?
Central Asia has fast become a hiring hotspot for U.S.-based tech companies that want to hire developers in Turkmenistan, Uzbekistan, Georgia, Kazakhstan, and more countries in the region. Truss can simplify the process when you decide to build a global workforce in Central Asia. Truss has years of experience as an employer of record provider in Central Asia and is ready to help you find, recruit, hire, onboard, and manage tech employees in Turkmenistan that will help you drive success at reduced costs.
Contact Truss today for more information on our employer of record services!
