Moldovan Leu (MDL)
Moldovan Leu (MDL)
Moldova, an Eastern European country, is steadily gaining recognition in the global IT sector. Its educational system generates approximately 2,000 engineering graduates each year, adding to its growing tech industry.
Chișinău, the capital, is the focal point of Moldova's tech surge, teeming with innovation and hosting a variety of tech events, startup incubators, and R&D activities. These initiatives draw in a wealth of talent skilled in a range of tech fields, from software development to digital solutions.
The Moldovan IT sector is vibrant, home to about 2,400 IT companies employing over 16,500 professionals, a clear indication of the country's expanding role as a credible IT service provider on the international stage.
Moldova's advantageous geographical location, cost-effective operational benefits, and culture that nurtures technological innovation are rapidly establishing it as a favorable destination for businesses seeking proficient software development services. The country's dedication to tech enhancement, supported by a skilled workforce and a thriving IT market, positions Moldova as an appealing location for technology investments and collaborative ventures.
ALLSTARSIT takes care of everything for you – we have a 360° approach with a full recruitment cycle
In Moldova, the standard payroll cycle is conducted on a monthly basis, typically culminating in payments to employees on the 25th of each month. However, some employers may opt for a semi-monthly schedule, conducting payroll once or twice per month. It's crucial for employers to adhere to these schedules, as failing to make timely payments can result in penalties being imposed.
22.50% - 36.50%
Overtime work, defined as hours worked beyond the standard weekly working hours, is subject to limitations and specific pay rates in Moldova. The cap on overtime is typically 120 hours annually, though certain industries or job roles may extend this to 240 hours through a collective bargaining agreement.
The compensation for overtime work is structured progressively: the initial two hours are paid at 150% of the standard salary rate, while any subsequent hours are compensated at a 200% rate. However, there are restrictions on who can work overtime. Individuals under 18, pregnant women, and employees deemed medically unfit are prohibited from working beyond standard hours.
Additionally, there are provisions for employees working night shifts. Those who exceed 120 night work hours in a six-month span are entitled to a medical examination, the cost of which is borne by the employer. Furthermore, night work is entirely prohibited for specific employee categories, ensuring their health and safety.
Employees in Moldova typically receive 28 calendar days of paid annual leave in addition to public holidays. This leave can be segmented, but one segment must consist of a continuous 14-day period at minimum. For new employees, a proportional amount of paid leave is granted after they have completed six months of continuous employment.
When on leave, employees are entitled to a holiday allowance that is at least equivalent to their regular wages for the corresponding period. This payment should be made at least three days prior to the commencement of their leave. While there isn't a universal carryover policy for unused leave, employers have the discretion to establish their own rules regarding whether employees can carry unused annual leave over to the next year.
Employees in Moldova are eligible for 5 days of fully paid sick leave annually, for which the employer covers the expense, provided that the absence is substantiated with a medical certificate. From the sixth day forward, sick leave compensation is provided by the State social insurance system instead of the employer.
Public and Provincial Holidays
In Moldova, the standard notice period is typically 30 days and commences the day after the application for termination is officially registered. Conversely, employees are required to provide their employer with a 14-day written notice should they decide to terminate their contract.
13th Month Bonus
In Moldova, employers have no legal obligation to pay a 13th salary. Nonetheless, it's customary for employees to receive bonuses, the specifics of which are usually outlined in the employment contract.
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.