After about the salaries of developers in Armenia, I would like to touch on the topic of the benefits package - how, in addition to salaries, companies attract and retain specialists.
We collected information about compensations in 50 Armenian IT companies: start-ups, local companies, offices of international corporations, grocery, outsourcing.
The list of bonuses did not include such goodies as coffee, cookies, fruits, etc., since with rare exceptions, all this can already be found in every office from the list. The conditions differ from company to company, some provide benefits from the first day, others after the trial period. Also, the size and conditions of referral bonuses or 13 salaries were not taken into account.
| Benefits | Number of companies providing this bonus |
|---|---|
| Medical insurance | 37 |
| Corporate events | 36 |
| Training | 28 |
| Fitness Compensation | 22 |
| Additional vacation days/Flexible vacation schedule | 20 |
| performance bonus | 14 |
| Language courses | 13 |
| Referral bonus | 11 |
| Flexible schedule | 10 |
| Option | 8 |
| Business travel | 7 |
| Financial bonuses in special cases | 7 |
| Ability to work remotely | 4 |
| Annual bonus | 4 |
| Massage | 4 |
| Mentor support | 2 |
| Loans | 2 |
| International exchange program | 1 |
| bus to work | 1 |
Top 3 on the list
The most common benefits package items around the world are health insurance, a greater degree of freedom (flexible hours, the possibility of remote work, additional days off) and various factors that contribute to the educational process.
Following the global trend, medical insurance provided by most Armenian companies. For example,
- Insurance in includes family members.
- provides insurance within 10 days from the date of employment.
- clarifies that the insurance covers expenses of 1,5 million drams per year (more than $3,200).
- health insurance for employee, family members, plus accident insurance is offered.
The next item on the list is team building and various team trips and events. The number of companies in reality may be higher, many do not mention team building in the benefits package, as this is part of the corporate culture anyway.
- For example, the arranges international trips. Two teams work on the product - one in San Francisco, one in Yerevan, and they meet at the third point.
- allocates a special budget for such events for each team, and the choice of activity no longer comes from top to bottom, but from the team itself.
- hosts Mortal Kombat 11 tournaments.
28 out of 50 companies allocate resources to trainings and access to educational platforms.
- provides unlimited access to .
- Several companies offset the cost of vocational education, compensates for the cost of education in universities.
- Plus, 13 companies separately indicate the availability of language courses based on the office. In almost all cases, it is English.
According to , flexible schedule and the possibility of remote work are the most desired benefits. In Armenia, 10 companies work in a free schedule, 4 note the possibility of remote work. Conditions are different for each company. Some do not limit the number of days an employee can work remotely, while other companies name a specific number of days per month.
Flexible working hours: , , , , , , , , , .
Π , , , There are varying degrees of freedom about working from home.
More and more companies are offering options in addition to salary. Important: the option is not provided to all employees of the company, and the conditions and size are determined for each individual candidate. Out of 50 companies, 8 offer options:
- , the company develops software to simplify access to personalized drugs for the treatment of cancer and other serious diseases. Bonus fact, widely used
- , software for project management and workflow optimization. The company has existed since 2001.
- , the first unicorn startup with Armenian roots and an office in Yerevan.
- develops software for transport and logistics companies.
- , a platform for creating and hosting sites on WordPress.
- , an application for noise reduction during calls via Zoom, Skype and other VoIP services.
- , an hr-tech startup headquartered in London.
Plus, the option is offered by giants like ΠΈ .
Additional Financial Assistance
Benefits package also includes cash payments, for example, a referral bonus, 13th salary, some companies pay cash bonuses on the occasion of a wedding, birth of a child, birthday. If a company does not mention bonuses or birthday gifts, it does not mean that the employee is left with nothing.
Two companies from the list ΠΈ , offer employees loans or financial services with favorable interest rates. The companies do not disclose the exact terms, but according to an engineer who worked for one of the companies, an employee can request an amount equal to 4 salaries. The loan is repaid in the form of automatic deductions from the salary (no more than 1/3), the company does not charge interest. The loan also does not affect the conditions for leaving the company. In case of dismissal, the amount will be deducted from the last check, if this is not enough, the employee has 3 more months to pay off the debt.
All bonuses and compensations are aimed at creating the most favorable conditions for the company's employees and attracting new specialists. Of the companies considered, the proposed minimum is 2 benefits from the list, the maximum is 11 points.
The material was prepared by the ITisArmenia team.
A small representation of Armenia on Habr: we introduce the Armenian IT sector, opportunities and vacancies, we help to move or open an office in Yerevan.
Source: habr.com