Gross wage costs are a fraction of our competitors’ levels within the region, including Romania and Bulgaria, while social security ‘on costs’ in Albania amount to just 30.7% of gross wages.
The average monthly gross salary in Albania is around €150, highly competitive on a global level. Wages in the service sector are higher than for the economy as a whole, but at around one-third to one-fifth the level of EU countries are still highly competitive.
Average gross salary costs range from € 315 per month for customer service employees to just over €415 for data entry/processing employees and €500 for accountants. The average gross salary for a manager is less than €1,000 per month. With service sector wages in Albania typically around one-fifth those in West European countries, incoming investors can make significant savings on wage costs compared to elsewhere in Eastern Europe. Staffs in the Albanian business services’ sector deliver good productivity rates at low cost.Investors testimonials
“The cost of doing business
is very competitive, both in terms of labor and general overhead costs.
Moreover, the Albanian workforce is high in quality and motivation.” CFO, Albanian Mobile Communication (Greece),
employing 300 specialized staff
found that the Albanian workforce has a good ability to adapt and train quickly
in new working environments … we have access to a quality labor population, a
high level of university graduates as well as high levels of language skills.” Head of Human Resources, Raiffeisen
“One of Albania’s main
strengths is a low cost labor environment, set inside a now tolerant and
progressive regime. We find there is a high availability of people with good
language skills in Albania,
especially in English and Italian.” Human Resources manager, mobile phone
operator Vodafone (UK)