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COUNTRY SEARCH:
Ukraine
- Recruitment landscape
- Economic indicators
- Labor market
- Working life
Your global agency guide to...
Ukraine
Ukraine, with a GDP of $178.8 billion, ranks 57th globally. Its population is 43,649,785, and top industries include industrial machinery, metals, and chemicals. Though youth and elderly demographics pose challenges, Ukraine's labor market is stable. With medium recruitment agencies, the labor market strives for gender parity amidst moderate inequality.
Ukraine'S
AGENCY LANDSCAPE
700
Agencies operating in Ukraine
A high number of agencies indicates a mature recruitment industry, marked by strong talent demand, established labor laws and economic stability.
14-20%
Typical fee range
Countries with higher fees imply finding talent is harder to find whilst lower fees indicate a high-volume, commoditized market.
Ukraine'S
FEATURED AGENCIES
Barclay Simpson
Brabers
Brilliantin Recruitment
Cooper Lomaz
CPL UK
Fractal
Galaxy Technology Services
IKONS Global
Intecselect
MRA Search
Opus Resourcing Ltd
Tara Recruiting LLC
Torche Global
Utilise Recruitment
Ventula Consulting
WinMatch
Canopus-GBS
Connect Group
IFIT Solutions
K&K Social resources and development GmbH
Simba Talent
SystemBender Private Limited
Talent Avenue
The Glove
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Ukraine'S
GROSS DOMESTIC PRODUCT (GDP) RATING
57
WORLD RANKED
Ukraine ranks 57th in the world by current economic output
$179B
NOMINAL GDP (US$)
GDP reflects the overall size and economic strength of the country’s economy.
33
EMEA RANKED
Ukraine is the 33rd biggest GDP in EMEA out of 109 countries in the region
GDP GROWTH (%)
The above chart compares how Ukraine's GDP has grown, compared to the rest of the world and the EMEA region in the last 7 years.
Positive growth indicates an expanding economy, while negative growth or recession signifies economic contraction. Strong growth can encourage hiring, but slower growth might lead to freezes or layoffs, influencing talent sourcing as businesses adapt to changing market conditions and demands.
Ukraine'S
CURRENCY AND CODE
₴
Country currency
UKR
Country ISO code
Ukraine'S
INFLATION RATE
7.6%
CURRENT RATE
▲1.2% INCREASE
Inflation represents the rate at which prices rise and purchasing power diminishes. High inflation may prompt employees to seek higher wages, potentially impacting company profitability. This situation could lead to budget constraints or hiring freezes, which might influence talent availability and sourcing strategies.
Ukraine'S
COST OF LIVING
COST OF LIVING INDEX EXPLAINED
The cost of living has a direct impact on salary expectations and the competitiveness of compensation packages. It can influence the appeal of certain locations-while high-cost areas may attract highly skilled professionals looking for higher salaries, lower-cost areas can appeal to companies looking to minimize salary expenses or candidates seeking a better work-life balance.
Ukraine'S
LABOUR STATISTICS
44M
POPULATION
With a population of 43,649,785, Ukraine is a medium sized country by global standards. Ukraine's youth population is just below the world average, indicating it may face challenges in labor market sustainability over time. The working population in Ukraine is close to the world average, suggesting a stable labor market that can adequately meet the economy's demands. Ukraine's elderly population is just above the world average, suggesting a growing dependency ratio, which may strain the labor market.
Ukraine'S
RELIGION AND ETHNICITY
Religion
In religiously diverse countries, a broad sourcing and engagement approach whilst appealing to inclusive practices resonates with this candidate market. In contrast, in a homogeneous religious environment, understanding dominant cultural norms is often more important when engaging with talent.
Ethnicity
In ethnically diverse countries, there may be a greater variety of candidates with different cultural backgrounds and experiences. Employers may need to focus more on inclusive hiring practices to ensure they attract talent from across different ethnic groups.
Ukraine'S
UNEMPLOYMENT RATE
9.8%
CURRENT PERCENTAGE
▲0.36% INCREASE
Ukraine'S
TOP PERFORMING INDUSTRIES
Top industries
Industrial machinery
Ferrous and nonferrous metals
Chemicals
Ukraine'S
GENDER DEMOGRAPHICS
RATIO OF MALES TO FEMALES (BY AGE)
LABOUR PARTICIPATION BY GENDER (%)
63
/
48
Male | Female
In Ukraine there is a medium gap in participation rates between males and females, indicating moderate inequality with some progress towards gender parity.
Ukraine'S
WORKING LIFE
$5.2K
Average gross annual wage (US$)
This figure represents yearly income before taxes. Higher wage countries are above $50,000 USD. Attracting talent in lower-wage markets can be cost-effective; however, offering above-average compensation may be required for in-demand skills.
$430
Average gross monthly wage (US$)
This figure represents monthly income before taxes. Higher-wage countries typically exceed $4,000 USD per month. Attracting talent in lower-wage markets can be cost-effective; however, offering above-average monthly compensation may be necessary for in-demand skills.
Ukraine'S
WORKING LIFE
11DAYS
Minimum annual holidays
Minimum annual holidays reflect mandated leave. Hiring in countries with high allowances (over 25 days) will require emphasizing work-life balance when recruiting. In countries with fewer holidays (under 15 days), offering additional leave can enhance recruitment and set the organization apart.
40HRS
Average working full time week
Standard work hours are 8 hours/day, 40 hours/week, typically Monday-Friday. Overtime pay applies for hours worked beyond these limits.
Ukraine'S
TOP BENEFITS
126DAYS
Maternity leave
In Ukraine, maternity leave grants 126-140 days of leave, fully paid by the Social Insurance Fund. No paternity leave law. Childcare leave up to 3 years, paid by social security.
10MONTHS
Sick leave
Ukrainian employees are eligible for sick leave, up to 4 months for disability or 5 months for recurring diseases. After 6 months of work, sick pay is 100% by the employer for 1-5 days, then 50-100% by Social Security based on insurance record duration.
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