There are 3 Companies in Moldova
that provide Human Resources Services!

Moldova is a small country located in the Eastern European region, with a population estimated around 2,9 million people. Now, that we made this clear, it’s time to talk about it’s IT industry and tech development the country reached by 2020. 

According to the latest statistics that date from 2019, the country has tripled its income from IT services and products in the period 2015-2019. So, from ~1 million Euros in 2015, the income of local IT companies has increased up to ~3 million Euros in 2019. How is this possible, you would ask. There are countries with way more developed IT industry and a larger population that register fewer numbers. 

It’s simple. The number of IT companies located in Moldova has increased as well, and now, in 2020, such a small country has 2300 IT companies that mostly export their services and digital products in central and western Europe. The relatively cheap workforce which is at the same time average qualified with linguistic skills is probably the most attractive and demanded in Europe. Speaking of languages, almost every youngster aged between 18-35 knows at least two languages: Romanian and Russian. In addition, English is extremely popular and well assimilated by the local population. 

But of course, there are more reasons why you should work with a Moldovan IT company. 

Why you should work with a Moldovan IT company

The positive evolution of the Moldovan IT industry has also increased the visibility of local companies that create and develop digital products both for internal and external markets. Initially focused on outsourcing, Moldova has grown its startup base with multiple accelerator programs, and incubators that are focused on the digital. 

Now, you can meet Moldovan IT companies, and digital agencies all over the world, especially in western Europe, where some of them reached the top niche. 

The transformation from agriculture to digital in Moldova is visible, and many young professionals are opting for a career in the digital network. In this way, companies here have plentiful resources for creating and developing more and more IT companies. 

Another reason for working with Moldovan IT companies is the cheap prices for the quality of their digital services. The yearly average wage of a web developer in Moldova is estimated to be $14,800 

What to be aware of when working with a Moldovan IT company

Professional services, low prices, and a large talent pool - all these combined make Moldova probably one of the best places to work with an IT company or a web agency in Europe. But, of course, there is more to it. 

Moldova’s IT industry is still in a development phase that requires resources and attention. While the European IT market is overwhelmed with companies - it seems there is not much room left after all, and many companies are not so well-known or don’t have enough visibility. 

In addition to that, a potential client should as well pay attention to a company’s portfolio, experience, number of employees, and hourly rate - just like in any other country, there are companies that perform outstanding and charge respectively, but as well companies that just have started their road and are probable inappropriate for big projects. 

How reliable are Moldovan IT companies

In terms of reliability, Moldovan IT companies are generally fair, or at least reviews from real clients say so. However, project delivery delays are expectable. In contrast with professional services, it should not be a problem though, since the extra time a client has to wait is worth it. Not to mention that in western Europe and the US, web agencies and software companies also take their time in most cases to deliver a digital service or product. 

How does the Moldovan IT industry relate to the neighboring countries?

With Ukraine and Romania as neighboring countries, Moldova is already out of the competition in terms of IT infrastructure. However, the field of Information and Communication doesn’t know physical boundaries and local software companies don’t seem to have problems with finding new partnerships and contracts. 

The government supporting policies is also a helping hand for the industry’s development - there are two IT parks already, that charge 0% VAT for employees and only 7% for companies. This stimulates companies and professionals to choose a career in IT and develop the industry. 

Human Resources services encompass a range of specialized solutions designed to support organizations in effectively managing their workforce. These services include talent acquisition, employee onboarding and offboarding, performance management, training and development, compensation and benefits administration, and HR compliance. HR services are critical for fostering a positive work environment, attracting top talent, and ensuring legal and regulatory compliance.

According to Techjury, 58% of companies depend on Human resources technologies for talent acquisition, while just under 50% of companies are actively investing in human resources services - the same source states. 

Partnering with a specialized IT company for HR services can bring numerous benefits to businesses. Here are some key advantages:

• Expertise and Knowledge: Specialized HR companies have a deep understanding of human resources best practices, employment laws, and industry-specific requirements. They bring a wealth of expertise in managing various HR functions, ensuring compliance, and effective people management.
• Cost and Time Savings: Outsourcing HR functions to a specialized IT company can save businesses significant time and resources. These companies have dedicated HR professionals and efficient processes in place, allowing organizations to focus on core business activities while leaving HR responsibilities in capable hands.
• Access to Technology and Tools: IT companies specializing in HR services often have access to advanced HR software and tools. These tools can streamline HR processes, automate administrative tasks, and provide data-driven insights for informed decision-making.
• Scalability and Flexibility: HR needs can vary depending on the size, industry, and growth stage of a business. Specialized HR service providers can tailor their offerings to meet the specific needs of an organization, whether it's supporting a small business or a large enterprise.
• Employee Engagement and Development: HR services extend beyond administrative tasks. They can include employee engagement initiatives, training and development programs, performance management, and fostering a positive work culture. These efforts contribute to higher employee satisfaction, productivity, and retention.

When choosing a Human Resources service provider for a project, we suggest you to consider the following criteria:

• Expertise and Experience
• Comprehensive Service Offerings
• Compliance and Legal Knowledge
• Technology Capabilities
• Location
• Hourly rate

TechBehemoths.com is a valuable resource for finding the best Human Resources companies for your projects. With over 380 companies listed on the platform providing HR services across 60+ countries, TechBehemoths.com simplifies the search process. The platform provides detailed company profiles, client reviews, and ratings to help you evaluate and compare different service providers.

In addition, two reasons why you should use TechBehemoths to find the right HR company for your needs, are

• Extensive Global Network: TechBehemoths.com offers a comprehensive directory of HR companies spanning various countries and regions. This allows you to explore a wide range of options and find HR service providers with local expertise, cultural understanding, and knowledge of regional labor laws.
• Verified Information and Reviews: TechBehemoths focuses on delivering reliable and unbiased information. The platform features detailed company profiles, client reviews, and ratings, helping you make informed decisions based on real experiences from other organizations. This transparency ensures that you can choose an HR provider with confidence.