What is different about Armenia?
1. The salary is always discussed in terms of take-home pay.
Some of the companies in the country take advantage of the tax benefits, for example, startups. The payroll tax varies from 10 to 30%. The common tendency is to discuss the net salary in the first place.
2. It's not common to talk about annual salary as it's done in the US or Europe.
3. In general, wages are not public information. Just a couple of companies mention expected salary on the job boards or websites.
4. The gap between junior and senior wages is huge compared to the gap in the US or Europe. The average salary of a junior is 6 times lower than the senior.
5. The Armenian tech sector is a relatively small market. The percentage of developers out of all working population is rather high but still, there is a shortage of specialists to cover all the needs of the sector. That is why in some cases the company focuses more on a concrete engineer and his/her skills, how they can be applied in the company rather than an open position and internal grade of the company.
6. All the wages are declared.
7. The salaries are paid in terms of money rather than stocks and options. Among the companies that include an option to the benefits package are krisp
, a startup in the field of background noise reduction, health-tech startup Vineti
and the largest software provider for virtualization VMware
8. There is one more thing that doesn't affect the salary directly but significantly contributes to the low cost of living. Yerevan is a small city and the location of the office is rarely discussed with a potential candidate. While in Moscow, Russia for example, that information is usually mentioned on the job boards.