Albanian Lek (ALL)
Albanian Lek (ALL)
Albania, located in Southeast Europe, is an emerging force in the global IT sector, with an education system contributing around 3,500 engineering graduates annually, ready to delve into the tech industry.
Tirana, the capital, serves as the heart of Albania's technological momentum, brimming with innovative endeavors. The city is a hub for tech events, startup ecosystems, and R&D activities, drawing in talent adept in various tech fields, from software development to digital transformation.
The Albanian IT sector is experiencing a robust rise, with an impressive CAGR of 12.71%, highlighting the country's burgeoning role as a potent IT service provider on an international scale.
Albania's strategic geographical positioning, cost-competitive structure, and culture that embraces technological innovation are rapidly making it a desirable destination for businesses seeking efficient software development services. The country's dedication to tech advancements, coupled with a skilled workforce and a flourishing IT market, positions Albania as an attractive locale for technology investments and collaborative endeavors.
ALLSTARSIT takes care of everything for you – we have a 360° approach with a full recruitment cycle
In Albania, the payroll cycle typically operates on a monthly basis, with employees receiving their wages by the final working day of each month. Nonetheless, there are exceptions for some employees compensated hourly, weekly, or daily; these individuals tend to receive their payment bi-weekly.
Any work conducted beyond the standard 40-hour week must be compensated at a rate that's at least 25% higher than the standard pay. For work done over weekends or public holidays, the minimum compensation increases to 50% above the standard rate. Alternatively, overtime can be counterbalanced with equivalent time off work.
While collective agreements and contracts oversee overtime, the labor code mandates that an employee cannot exceed 200 overtime hours in a single year. According to the Albanian Labor Code, if an employee has already worked 48 hours in a given week, the employer cannot require overtime, barring exceptional situations.
These exceptional periods cannot extend beyond four months, and an employee's average work time during these periods must not surpass 48 hours per week.
Additional limitations apply to overtime, especially concerning night workers, the nature of the tasks performed, and the individuals assigned to perform them, such as pregnant employees and those younger than 18 years.
In Albania, paid leave regulations are outlined in the Albanian Labor Code. It specifies that an employee, after a complete year of service, is eligible for 28 calendar days (equivalent to 20 working days) of paid leave. This leave should be utilized within the operational year or in the first quarter of the subsequent year. Employees with less than a year's tenure are granted leave days on a pro-rata basis.
Employers are required to inform employees of their leave approval at least 30 days prior to the commencement of their vacation.
An employee is entitled to sick leave for the full duration of their illness, up until a doctor verifies their fitness to resume work. During the initial 14 days of illness, it's the employer's responsibility to compensate the employee with 80% of their regular salary. Starting from the 15th day, the employee receives compensation from social insurance, amounting to 70% of their average earnings over the previous six months.
Public and Provincial Holidays
In Albania, the stipulated notice periods are:
13th Month Bonus
There's no legal obligation to provide a 13th-month salary payment.
Setting up a separate business entity in every location where you plan to hire employees or a team is time-consuming and incurs high legal fees.
At the same time, navigating local labor laws and adhering to employee expectations can be a complex and challenging task, as is finding accurate and up-to-date employment information for all your potential hiring locations. Not to mention that tracking invoices and managing employee contracts through email and spreadsheets is messy and error-prone.
Compliance is critical in this context, and we must ensure that we follow local guidelines, particularly regarding taxes and legalities.
ALLSTARSIT streamlines the process by offering an integrated solution for finding and hiring employees, managing HR and payroll, and automating compliance across 20+ countries. All simple and hassle-free.
Choose the right expert professionals required for your specific project, saving time and wasted effort.
This service enables software development companies worldwide to meet any technical needs outside their core skill set by adding specialized staff on demand while retaining control of the project's specifications and scope.
Establish R&D / Tech Support / QA & Testing / DevOps / Data Entry Centers in your chosen location.
Forget about investing in facilities, equipment, technology, or human resources. We manage all necessary operations as your specialist. This can help you save money and resources, all while reducing frustration and simplifying internal processes.
Use ALLSTARSIT as your EOR / CM to easily hire employees in new countries without setting up a legal entity.
We act as the employer for your new hire, handling all HR, payroll, tax, and compliance requirements on your behalf, while you maintain control of their workload.
Tap into a wide talent pool of top-tier engineers from our database. We will find the right fit for your business and help you reduce your hiring timeline.
Attract, hire, and retain top talent, building a motivated workforce that drives your business forward.
Managing tech equipment
Retention and risk analysis
Compensation revision & expense returns
1:1 meetings (180-degree)
Performance reviews & periodic surveys
Ongoing client and expert support
Expand your business globally and hire employees or contractors quickly and efficiently by partnering with ALLSTARSIT, who can act as your EOR/CM and handle the administrative and legal aspects of their employment while you control their workload.
Improve your employees' well-being and job satisfaction by offering them a range of corporate benefits through ALLSTARSIT, including wellness consultant sessions, music lessons, workations, gym compensation, and employee recognition programs.
Keep track of your team's progress and satisfaction with ALLSTARSIT's monthly reports and periodic surveys, allowing you to identify any issues and make necessary adjustments to retain top talent.
Enhance your employees' working experience by offering them the possibility of working from an office or securing a seat in a premium co-working space shared area through ALLSTARSIT.
Simplify your HR operations and ensure your employees receive timely and accurate paychecks with ALLSTARSIT's comprehensive payroll solution.
Increase your employees' satisfaction and productivity by providing them with the peace of mind that comes with having access to a reliable and comprehensive health insurance package made possible by ALLSTARSIT.
Invest in your employees' professional development by implementing a comprehensive L&D program that includes access to online education platforms, language classes, and technical meetups, courtesy of ALLSTARSIT.
Build a Customer Care or a Customer Support team to ensure that your business excels in providing exceptional assistance to your customers.
Whether you need a team of professionals that can handle relationship building and product knowledge or a group of Tier 1/2/3 engineers that can help with troubleshooting and other technical issues, ALLSTARSIT can help you find, hire and manage them.