The average monthly salary in Georgia amounts to 410 USD, which includes blue and white collar workers, as well as C-suite employees. The country doesn’t have minimum wage regulations.
Unemployment rate is 12.4%. It is noteworthy, that Georgian labor market offers young workforce – 50% of the unemployed population is in the 20-34 age category. Additionally, no working permits are required and citizens of 94 countries can stay in Georgia without visa during whole 1 year, which helps attracting professional employees from other countries in the wider region.
Georgia has quite flexible Labor Code. According to Heritage Foundation, Georgia has one of the most liberal labor environments not only in the region, but globally and Labor Freedom Index is 75.7 out of 100 score (26th globally).
Georgia has ratified all ILO core conventions and the country has 100% literacy rate.
The government promotes vocational education, having financed the creation of few dozen training facilities throughout Georgia. These provide professional courses in different types of practical subjects and most of the course’s fees are financed by the Government of Georgia. Businesses have, as a result, enjoyed the benefits of having a custom-trained potential pool of employees.
According to KPMG Research and Analysis, around 60% of young population and 40% of overall population know English and vast majority of the population have some knowledge of Russian language.
No minimum wages – The country doesn’t have minimum wage regulations and compensation for labor depends on the agreement with the employer.
Taxes based on the salary – There is only one tax called personal income tax, which is flat 20%. Georgia doesn’t have the Social Tax.
Standard working hours and overtime – The Labor Code specifies the maximum duration of working time per week, which should not exceed 40 hours or 48 working hours for specific sectors (list of sectors is defined by the Government of Georgia). However, this provision is not unconditionally binding, as the employer is authorized to set out different working hours in a labor contract which will include overtime working hours and payment of overtime. Also it is possible to arrange working process in different shifts. However the employer must take into consideration that the duration of the rest time between working days may not be less than 12 hours.
Payment of overtime hours must be more than usual working hours and exact payment is defined by the employment contract.
Holidays – Employee is authorized to take 24 days as paid holidays and 15 days as unpaid holidays. Additionally, there are 15 official day offs/holidays (Religious, National celebrations and the New Year days) in a year.
Termination of labor relation – According to Labor Code, if the employer terminates the contract, the company must send written notice to employee at least 1 month earlier and pay at least 1 month salary. Also Employer is entitled to give a 3-day prior written notice to the employee, but in this given situation employer must pay at least two months’ salary/compensation within 30 calendar days of the contract termination.
References : INVEST IN GEORGIA