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Mongolia

Best Recruitment Agencies in Mongolia

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Find top recruitment and staffing agencies in Mongolia. Whether you're looking for specialized talent or general hiring support, explore experienced recruitment firms that understand the local market and can help you build the perfect team.

Mongolia's

Economic indicators

121

World ranked

Mongolia ranks 121 in the world by current economic output

$19.9bn

Nominal GDP (US$)

GDP reflects the overall size and economic strength of the country's economy.

25

APAC ranked

Mongolia is ranked 25 in APAC by economic output in the region

GDP growth (%)

GDP growth explained

The chart compares how GDP has grown for Mongolia, its region, and the world over the last seven years. Positive growth indicates an expanding economy; negative growth may signal contraction and affect hiring activity.

9.7%

Current rate

▼ 0.6% reduction

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 and hiring strategies.

Mongolia's inflation rate

120 days

Maternity leave

Maternity: 120 days' paid leave if 1 year of work, 6 months with the same employer. Up to 60 days pre-birth. Full salary paid by Social Security. Paternity: At least 10 days' paid leave, full salary paid by Employer. Parental: Up to 3 years of unpaid leave, agreement with employer required.

5 days

Sick leave

Employees get paid sick leave with the first 5 days covered by the employer at 100% salary. Beyond that, Social Insurance covers 50-75% of the salary for approved sick days.

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 for both employers and candidates.

Mongolia's

Labor market

Mongolia vs world population age distribution

3.3m

Population

Mongolia has a population of about 3.3m. The chart compares its age distribution with the world average—useful context for workforce size and long-term hiring demand.

16 days

Minimum annual holidays

Minimum annual holidays reflect mandated leave. Hiring in countries with high allowances (over 25 days) may require emphasizing work-life balance when recruiting.

46 hrs

Average working full time week

Standard work hours are 8/day, 40/week, Mon-Fri. Overtime, max 4 hrs/day, 56 hrs/week, is paid at 150% on workdays/weekends and 200% on public holidays.

6.1%

Current percentage

▼ 0.1% reduction

Mongolia has an unhealthy unemployment rate, suggesting there may be some economic or structural challenges . Between 2022 and 2023, there was a small decrease in unemployment, suggesting continued economic stability with a slight improvement in job availability

Unemployment rate

Mongolia's

Top performing companies and industries

Top industries

  • mining (coal
  • copper
  • molybdenum
  • fluorspar
  • tin

Ratio of males to females (by age)

68 / 53

Male

In Mongolia there is a medium gap in participation rates between males and females, indicating moderate inequality with some progress towards gender parity.

Mongolia'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 homogeneous environments, 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. Employers may need to focus more on inclusive hiring practices to attract talent from across different ethnic groups.