Overview of Belarus
Population: 9.44 million.
GDP: 60.73 billion USD (FY21)
The pandemic has made a major impact on Belarus's economy. In 2020, the GDP dropped by 0.9%. The government has come up with multiple business ideas
and initiatives to boost the economy. Considering the economic recovery in Belarus, the statistical office of the nation has forecasted real GDP growth of -0.39 % in 2021 and 0.81% in 2022.
Belarus has a vast educated and skilled workforce. Apart from state initiatives, more private organizations are needed to improve the economy and the employment rate
in the country. Though the pandemic has reduced the business development rate, a gradual increase in the private initiative in business development is observed in the last few months. The nation has about 5 million working-age people with amazing work efficiencies.
A brief glimpse of industries
- The geographical position of Belarus allows it to be a bridge between the European Union and the Eurasian Economic Union. This helps in the business development of the nation.
- This young sovereign state is an active participant in the Eurasian Economic Union (EAEU) — a prominent integration with advanced scientific and educational
- The government is taking initiatives to improve the IT business of the nation with the development of Hi-tech IT parks to improve software development, IT outsourcing, and services.
- Belarus has started to invest more in electrical equipment and household appliances, radio electronics, chemicals, timber, and textiles.
- To engage the highly educated workforce, the government is busy promoting the development of science and technology in the country.
- Belarus is working on the project to develop a technological cluster specialized in nano and biotechnologies and pharmaceutics.
- The economy of Belarus is hugely dependent on foreign trade like exporting heavy machinery (especially tractors), agricultural products, and energy products, and the earning is about making a huge percentage of GDP.
- The average broadband internet connection speed in Belarus is 67.92 Mbps. The average download speed in the nation is 65.57 Mbps, and upload speed is 50.95
Cost of living in Belarus:
Compared to other European countries, living in Belarus is very affordable, especially in the housing market. The living expense in the country depends on location, the type of industry dominant in that area, taxation policies, and so on. Big cities are comparatively more expensive than the towns of Belarus. With about $475 estimated monthly expenses and about $450 in monthly house rent, a single person can live comfortably on $1,000 a month. The following table shows the average living cost of the nation.
A Breakdown of the Average Living Cost in Belarus
Cost of renting:
The accommodation rent may vary greatly depending on the location, type of apartment, furnished or unfurnished, and other facilities. In most places of Belarus, the average house rent may vary up to $ 335. 48 – 571.00 depending on whether it is a studio apartment or a 3-bedroom apartment in the city center or outside the city. Being the capital of the nation, Minsk is the most expensive city in Belarus. The following table represents the city-wise average salary and cost of living in Belarus.
Capital Minsk is the most expensive city to live in Belarus. On the other hand, Baranavichy is the least expensive one. The accommodation cost is the vital aspect to increase the living expense in the nation.
Your cost of living in Belarus depends on your location
The top sectors that are expected to hire in Belarus in 2021
Top Skills in Belarus
The job market inBelarus is enriching to accommodate the highly educated workforce. Thegovernment takes multiple initiatives, including the development of hi-tech ITParks, scientific research institutes, and industrial parks. The nation alreadyhas a well-developed industrial sector, accounting for around 26% of thecountry's GDP. Key industries of the nation are:
- Tractors and agricultural equipment
- Electrical equipment and household appliances
- Automotive industry
- Radio electronics
Top Skills City-wise Occupation-wise
Minsk is the tech city of Belarus—multiple companies have their headquarters in this city. This city offers jobs in different sectors, including:
- Software development
- Broadcasting & entertainment
Zhodzina is a city close to Minsk and offers jobs related to the manufacturing industry like commercial vehicles and trucks.
Along with Minsk, Mogilev also has job opportunities for IT professionals. Multiple companies offer software development, development, and assimilation of software solutions, IT outsourcing services, and other things.
Hrodna and Salihorsk have a medium population and have less job saturation. Therefore, these two cities have different job opportunities in banking, professionals, clerks, management professionals, etc., in the financial, fertilizer industry, and so on.
Babruysk has avast industry of consumer goods and machinery. Therefore, this is the right place for skilled engineers or technical persons.
Hiring cost is a vital factor for any employment program, and it depends on multiple factors, including the cost of living in a particular city, overall recruitment expenditure, etc. For hiring programs, you have to consider the cost of the screening process, interview processes, onboarding costs, training costs, and so on. The total sum of the recruitment process is relatively high for any organization.
Salary structure for various roles
The following table represents the average annual salary of various sectors in Belarus.
Employment Laws in Belarus
In the case of hiring in Belarus, you need to be careful about employment contracts, termination of contracts, benefits, leaves, salary, special laws forforeign employees, and so on. Employment relations in Belarus are mainly regulated by:
- the Constitution of the Republic of Belarus
- the Labour Code
- law on trade unions
- the law on external labour migration
In2020, the government made multiple changes to the existing Labour Code to make it more appropriate for the people. Most important changes are made in the following aspects:
- Remote work
- Paternity leave
- Work during vacation
- To-do list for employers
- An equal amount of a financial liability
- Changes in crucial employment terms
- Fixed-term employment agreements
- Extension of a work contract and conclusion of anew one
- Requirements for the execution of an employment agreement
Business trips: departure and arrival on days-off
How Can Skuad Help You In Hiring in Belarus?
Hiring in Belarus involves multiple legal works, in-depth knowledge of the laws and trade union, hiring costs, city-wise living costs, and so on. In such a situation, Skuad can be your one-stop solution to handle all recruitment-related work. So, you will be free to focus on your project and expansion plans without worrying about the hiring program. You can connect with Skuad anytime to know more.