Hire your remote team in North Macedonia

Name: Hire a remote team in North Macedonia
Brand: Rivermate
SKU: north-macedonia
Price: 499 EUR
Availability: InStock
Rating: 4.4 (5 reviews)

Only 499 EUR per employee per month

We currently do not offer any services in this country.
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Hiring a remote team in a country as North Macedonia comes with a lot of overhead, such as compliance, local laws, taxes, etc. As a company, you don't want to worry about knowing all the local laws. Instead you want to focus on your remote team and the business. Rivermate's Employer of Record (EOR) solution helps companies hire remote employees in North Macedonia. We take care of global payroll, taxes, benefits, compliance and HR activities. So you can focus on growing your business.

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1. Hire a remote team in North Macedonia with Rivermate

Payroll, benefits, taxes, and compliance can be difficult to manage in North Macedonia, particularly if you don't have established local relationships. You can hire employees in North Macedonia effectively, conveniently, and in full compliance with all relevant labor laws using Rivermate's global Employer of Record (EOR) solution. We handle the responsibilities and legal risks associated with foreign employment so you can concentrate on growing your company.

Table of contents

Hire a remote team with Rivermate
Introduction
Hiring a remote team in your country
Cost of living
Cost of renting
Major industries
Hiring cost
Employment laws
Top skills
Economic landscape
Market size
Minimum wage
Why choose Rivermate?

2. Introduction

Rivermate is a global employment solutions company that provides Employer of Record services in North Macedonia.

As an employer of record, we help you hire employees and run payroll services in North Macedonia, allowing you to avoid the necessity of first establishing a branch office or subsidiary in North Macedonia.

It is not necessary to establish an entity in order to hire an employee. We can hire your employee in any country with a few mouse clicks. Using our Employer of Record solution, you can have full compliance, benefits, and automated payments.

If you wish to hire a remote team in North Macedonia or individually hire remote employees in North Macedonia, Rivermate’s global employer of record services will make sure that the process will be as seamless as possible for you.

Send us a message so we can talk about how Rivermate’s Employer of Record North Macedonia services can best help your company!

3. Hire a remote team in North Macedonia

The Republic of North Macedonia, also known simply as North Macedonia, is a European country with a rich history. North Macedonia is a lovely place to live and work. Despite a 16.2% unemployment rate, North Macedonia hires from other countries. North Macedonia has firmly begun its recovery from the COVID-19 pandemic. It is estimated that it will take several years for North Macedonia to fully recover from all of the losses caused by the global lockdown.

In 2020, North Macedonia suffered a significant economic loss. North Macedonia, on the other hand, is well on its way to recovery. This country is deeply committed to reform, which explains its fourth-place ranking as the best reformatory state in 2009. Prior to the pandemic, the country had experienced consistent economic growth of around 3% per year. The country is currently experiencing inflation, but officials say it is only a matter of time before things return to normal.

4. Cost of living in North Macedonia

North Macedonia's cost of living is $512, which is 1.82 times less expensive than the global average. North Macedonia ranked 173rd out of 197 countries in terms of cost of living and 69th in terms of quality of life.

North Macedonia's average after-tax salary is $417, which is enough to cover living expenses for 0.8 months.

5. Cost of renting in North Macedonia

North Macedonia, a country in Europe, is a lovely place to live. This country has a very low cost of living. Most people in North Macedonia can afford to pay for utilities, rent, food, and transportation. If you want to live in a low-cost country, you should consider moving to North Macedonia.

The cost of renting is the monthly fee that one must pay to the owner of a housing facility in exchange for using their services and obtaining a desired place to live. Your housing area has a significant impact on how much rent you'll have to pay. A one-room apartment for a single person costs around $200 USD.

6. Major industries in North Macedonia

North Macedonia's agricultural sector has only recently developed. It was not always an agricultural country. Despite this, it has begun to produce grapes, wheat, maize, bell peppers, potatoes, cabbages, tomatoes, apples, watermelons, barley, onions, and cucumbers since its independence from Yugoslavia.

North Macedonia's trade sector accounts for 90% of the country's total GDP. It is a well-established trading nation. North Macedonia is a member of the European Union (EU), the World Trade Organization (WTO), and the North Atlantic Treaty Organization (NATO).

Tourism is one of North Macedonia's most important industries. It is one of the most well-maintained sectors, contributing 6.7% to national GDP. Every year, millions of tourists visit North Macedonia.

7. Hiring cost in North Macedonia

Hiring costs cover a variety of aspects of the hiring process. This is a critical expense for any organization because it is an investment in their future. The cost of hiring includes:

- Onboarding costs

- Invested time

- Advertisement costs

- Training costs

8. Employment laws North Macedonia

When drafting employment laws, North Macedonia considers the following factors. The laws must be strictly followed.

- Guaranteed statutory minimum wage

- Working hours and breaks

- Paid annual leave

- Health insurance

Employment relationships in North Macedonia are governed by the following laws, rules, and regulations:

- The employment contract

- The General Collective Agreement

9. Top skills North Macedonia

North Macedonia is committed to progressing in any way possible. To do so, it requires talented individuals who are willing to contribute to various sectors of the country. North Macedonia is always on the lookout for programmers, IT developers, agriculture specialists, and teachers who will contribute greatly to the country.

If you are an employer and are looking to hire in North Macedonia, these are major skills and areas which have witnessed a recent growth rate

- Teaching

- Communication

- Automation

- Information Technology

- Programming

10. Economic landscape in North Macedonia

North Macedonia's economy is open. In 2019, its PPP GDP was estimated to be US $33.822 billion (1,767.85 billion MKD). In this regard, the per capita income is US $16,253. (849,533.26 MKD). However, despite the nominal GDP of US $12.383 billion (647.25 billion MKD), the per capita income is US $6,143. (321,090.43 MKD). The recently implemented flat tax system improves its global economic standing.

11. Market size in North Macedonia

North Macedonia's market is extremely liberal. North Macedonia's market size is dominated by the private sector. Economic developments have a significant impact on this market in Europe, making it vulnerable to sudden changes, whether positive or negative. North Macedonia maintains strong commercial ties with Switzerland, Iceland, Turkey, Norway, Liechtenstein, and Ukraine.

12. Minimum wage in North Macedonia

Since June 2021, the national minimum wage in North Macedonia has been set at 359 € per month, or 4,308 euros per year when 12 payments are made each year.

13.Why choose Rivermate to hire your remote team in North Macedonia?

Establishing an entity in North Macedonia to hire a team takes time, money, and effort. The labor law in North Macedonia has strong worker employment protection, requiring great attention to details and a thorough awareness of local best practices. Rivermate makes expanding into North Macedonia simple and effortless. We can assist you with hiring your preferred talent, managing HR and payroll, and ensuring compliance with local legislation without the hassle of establishing a foreign branch office or subsidiary. Our PEO and Global Employer of Record (EOR) solutions in North Macedonia give you peace of mind so you can focus on running your business. Please contact us if you'd like to learn more about how Rivermate can help you hire employees in North Macedonia via our Employer of Record (EOR) / PEO solution.