Hiring overseas has become a viable option for many U.S.-based tech companies and Eastern Europe has become a hotbed for tech talent. Tech companies that hope to grow and develop a remote workforce may find the talent they need in countries like Azerbaijan that continue to build their economies around the tech industry.
A true emerging market in Eastern Europe, Azerbaijan has used innovation in the tech industry to drive their economy with an annual growth rate of 25% – 30% in the Information and Communications Technology (ICT) industry since 2005. The tech industry in Azerbaijan is the fastest growing sector of the economy with annual growth of about 18% in IT careers. A government-driven emphasis on tech-based careers and skills has made Azerbaijan a destination for tech startups with more than 100 startups in recent years and global investment by brands like Microsoft, Samsung, and Xiaomi.
Tech companies that are ready to grow their international team and hire developers in Azerbaijan may not know where to start and that is where Truss can help. Contact Truss today to learn more about our global hiring services!
READ MORE: EOR Provider in Azerbaijan
How To Find and Hire Software Developers in Azerbaijan
Located on the Western shore of the Caspian Sea and bordered by Armenia and Georgia, Azerbaijan has cemented itself as an emerging market in Eastern Europe. The rise in the tech industry in the country can be attributed to many factors — increased investment in technological parks by the Azerbaijan government that include tax incentives for tech companies, increased tech-based education programs, and an increase in foreign direct investment in the tech industry. These factors have all worked hand in hand to make Azerbaijan a great place to find and hire tech talent.
Azerbaijan is a great place for U.S.-based tech companies to find and hire software engineers and developers — but where do you start? Tech companies that hope to hire remote employees in Azerbaijan have four primary options — create your own local entity in Azerbaijan, partner with an Employer of Record (EOR) familiar with the area, hire via a Professional Employer Organization, or hire independent contractors.
READ MORE: How To Recruit a Global Remote Team
Why Hire Tech Employees with an EOR in Azerbaijan?
You may be asking — why hire with an EOR in Azerbaijan? Employer of record providers are third-party entities that take on the legal responsibilities of the employer in countries like Azerbaijan, handling payroll and making sure that your company remains compliant with the local labor laws. Additional benefits of working with an employer of record include the versatility to hire part-time employees, full-time employees, or independent contractors, reduced employment costs, and a more efficient hiring process.
How Much Does a Software Developer Earn in Azerbaijan?
Lower employment and payroll costs are key benefits of hiring in Eastern Europe and Azerbaijan. The official currency of Azerbaijan is the Azerbaijani Manat (AZN) and the minimum wage is 345 AZN. The average salary for a software developer in Azerbaijan based on data provided by Glassdoor is 2,500 AZN in the capital city of Baku — which is the equivalent of $1,470 USD. Employees in Azerbaijan are paid monthly or bi-monthly based on their career and work a 40-hour week with overtime limited to four hours per day and 180 hours per year. The employer payroll contributions in Azerbaijan total about 22% of the employee’s salary.
READ MORE: Top 10 Tips for Successful Global Remote Hiring
How Can Truss Help Hire Software Developers in Azerbaijan?
Azerbaijan is an emerging market and an incredible place to find, recruit, and hire tech employees. If you hope to hire developers in Azerbaijan and are not sure where to start — Truss has the answers to your questions. Truss provides tech companies with an innovative global hiring and employer of record platform to help you find, recruit, hire, onboard, and manage global employees in Central Asia and Eastern Europe. The knowledge and experience of the Truss Team is here to help you find the perfect fit for your tech company in Azerbaijan.
Contact Team Truss today to learn more about our global hiring platform!
