Macedonian Denar (MKD)
Macedonian Denar (MKD)
In Southeast Europe, Macedonia is a budding participant in the global IT scene, characterized by a modest but rapidly developing tech industry.
Skopje, the capital, is the nexus of Macedonia's tech innovation, with an environment ripe for digital advancements. The city hosts a range of tech events and incubators, drawing in professionals skilled in various domains, from software solutions to digital marketing.
Macedonia's IT sector, though nascent, is showing promise with a CAGR of 5.2%, supported by around 180 IT companies that are paving the way for the country's emerging role as a competent IT service provider on the international stage.
Macedonia's strategic location, competitive operational costs, and burgeoning culture of tech innovation are collectively steering it toward becoming a viable option for businesses seeking effective and affordable software development services. The nation's commitment to technological growth, backed by an enthusiastic workforce and a growing IT market, is positioning Macedonia as an appealing destination for tech investments and collaborative projects.
ALLSTARSIT takes care of everything for you – we have a 360° approach with a full recruitment cycle
In Macedonia, payroll is processed on a monthly basis. Compensation for work performed from the first to the last day of the month is usually disbursed on the month's final day.
Social contributions are the sole responsibility of the employees, with employers required to withhold and remit these contributions on their employees' behalf.
Employers are permitted to require employees to work overtime only in situations of immediate necessity, with a limit of eight hours weekly, not exceeding 190 hours annually.
Overtime compensation is commonly determined by collective agreements, and it's typically no less than 135.00% of the standard hourly wage for the employee. Furthermore, a bonus is mandated for employees who exceed 150 overtime hours within a year and have fewer than 21 days of absence. This bonus equates to one month's average salary, calculated based on the prevailing average salary in North Macedonia, not the employee's regular monthly earnings.
Additionally, employees qualify for a higher rate for tasks carried out during weekends and public holidays. The rate, usually established by collective agreements, is generally 150.00% of the employee’s typical hourly wage.
The amount of annual paid leave an employee is entitled to depends on their length of service. Employees with up to 5 years of service qualify for 20 days of paid annual leave each year. This entitlement increases by one day for every five-year service interval, capping at 26 days for those who have rendered more than 30 years of service.
While annual leave can be taken in multiple segments upon agreement with the employer, one of the leave segments must be at least two weeks long.
Employees are required to utilize a minimum of 12 days of leave annually, with the possibility of carrying over the remaining days. Any carried-over leave should be used by the end of June in the subsequent year, except when a specific agreement is in place to extend this period.
Employers have the obligation to cover an employee's salary for the initial 30 days of sick leave, after which health insurance takes over the payment for any subsequent duration of the sick leave.
The extent of sick pay an employee is entitled to is contingent on the length of their sickness absence. If the absence spans up to 7 working days, the employee is entitled to 70.00% of their standard salary. This percentage rises to 80.00% for absences extending up to 15 days, and for those exceeding 15 days, the employee is entitled to 90.00% of their regular salary rate.
Public and Provincial Holidays
The standard notice period is set at 30 days, although a different duration can be mutually agreed upon by the involved parties, not exceeding a maximum of 3 months. During the probationary period, employees have the right to resign with a notice of 3 days, while employers hold the right to dismiss the employee at the conclusion of the probation period.
13th Month Bonus
In Macedonia, it's customary to award a 13th-month salary. Employees who qualify — specifically, those who have logged over 150 hours beyond their regular work hours and have had no more than 21 days of absence throughout the year — receive this additional remuneration or bonus. This payment is equivalent to one month's standard salary and is typically disbursed at the year's end.
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.