Hiring an employee in Armenia comes with more than just salary payments. From social security and pension obligations to onboarding, equipment, and relocation, the True Cost of Employment in Armenia is often much higher than expected. This Armenia Recruitment Cost Calculator for 2025 gives business owners, HR teams, and financial planners a complete view of what it really costs to hire a new team member. By including every major employment expense, you can build smarter budgets and avoid underestimating your staffing costs. For a full explanation of how each cost element is calculated, view the supporting employment cost guide for Armenia in 2025.
Is salary the only cost when hiring in Armenia?
No. Employers in Armenia must also budget for social security, pensions, onboarding, travel, relocation, and legal or HR costs.
Why is this calculator useful for startups and SMEs?
Small businesses often underestimate employment costs. This calculator helps with realistic forecasting and avoids surprise overheads.
Can I use this calculator for multiple hires?
Yes. Just update the inputs to reflect each employee's salary and specific benefits. You can run it as many times as needed for projections.
Understanding the calculations behind the Armenia Recruitment Cost Calculator 2025
Whether you are the Director of a multi-million organisation, setting up a new company in Armenia , or have a business venture in Armenia, knowing where your money goes and how much you spend on employment resources is essential. Staff costs in Armenia are one of the biggest expenditures for a company, but it isn’t just wages that cost the business money, there are additional expenditures, known more commonly as 'on-costs' or 'onboarding-costs'.
Calculating the true cost of an employee in Armenia can seem very complex but, as with most financial calculations with multiple elements, they can each be placed into simple cost buckets which allow us to provide a simple working formula:
tce = sc + bc + oc + fc
where:
- tce = The True Cost of an Employee in Armenia
- sc = Salary Costs in Armenia
- bc = Benefit Costs in Armenia
- oc = Onboarding Costs in Armenia
- fc = Facilities in Armenia
Each of these costs includes a number of sub elements which are defined within the calculator where you can enter specific amounts or a percentage rate for benchmarking expenditure. Please review the supporting guide "Calculating the 'True Cost of an Employee in Armenia' in 2025" which explains the associated costs computed within this calculator.
The True Cost of an Employee in Armenia Calculator is similar to the Cost Per Hire Calculator with the addition of live income tax and salary deductions for an employee working in Armenia in 2025.
Armenia Cost of Employment: Tax Years available
We currently support the following tax years for employee cost calculations in Armenia, if you require additional tax years, please get in touch and we can add them to the list of available tax years.