PEO in Turkey
Hire Globally, Pay Locally, Expand Effortlessly
INS Global provides international PEO (Professional Employer Organization) and Employer of Record (EOR) services for any company that wants to enter a new country without the complications and hassle that overseas expansion typically entails.
As a safe and simple way to offer compliance assured HR functions for employees in an overseas target market, a PEO (Professional Employer Organization) gives companies a way to hire and manage employees in less than 48h. INS Global’s PEO in Turkey is a professional third-party supplier of expert global mobility services.
An EOR (Employer of Record) offers employment outsourcing solutions to take care of HR and administrative responsibilities and streamline the global expansion process. INS Global is a provider of third-party EOR in Turkey solutions to companies looking to improve and accelerate their international mobility.
PEO in Turkey - Summary
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What Benefits Does a Global PEO Partner Offer?
Certified Legal Expertise
Skip the hassle of dealing with an unfamiliar system and let your PEO provider and their expert knowledge guide you smoothly around obstacles and roadblocks.
Reduced Set-Up Time and Costs
A PEO gives you access to innovative tools and strategies that will have your company up and running in the new country in just a few days.
Fewer Administration Issues
With a PEO handling all details of HR and recruitment, you’ll be able to devote more time and attention to company goals and growth.
Increased Cost Efficiency
Save up to thousands of dollars by only having to pay a single monthly fee.
Streamlined Company Structure
Your PEO partner fulfills all HR requirements through just a single point of contact.
Why Choose a PEO Over Company Incorporation in Turkey?
Establishing your company overseas is a lengthy and complicated process; simple mistakes can often result in having to pay expensive fines.
With a PEO or EOR services provider as your partner, you’ll be able to avoid unnecessary fees and set up much quicker in your target market.
A PEO:- Speeds up the process from start to finish
- Lessens overhead costs related to setup
- Requires minimal management time
- Keeps you from making costly legal errors
PEO/EOR Vs Company Incorporation
The Advantage in Figures
| PEO/EOR | Company Incorporation | |
|---|---|---|
| Price | 80% Less Expensive | |
| Market Entry | 2-5 Days | 6 Months |
| Employee Turnover | Decrease by 14% | |
| Recommendation | 98% of the Current PEO Clients | |
| Administrative Fees | Saves an Average of $450 | |
| Costly Payroll and Compliance Fines | Help Avoid | |
| Company Growth Rate | 7 – 9% | |
| ROI | 27% | |
| Closed During Pandemic | -58% | |
| Contact Us Today |
How Does INS Global's PEO Work in Turkey?
- Our counselors meet with you to discuss your goals and create a plan specifically for you.
- We provide the legal entity through which you can bring your employees into Turkey.
- We take care of all recruitment and HR management.
- Your staff is able to continue operations on schedule, and you can focus on achieving your company’s success targets.
Manuel Ramos
TERAO ASIA
Managing Director
We think INS Global is a good solution for starting a business in new and complex markets. Understanding the market doesn’t mean you need to set up a company immediately.
Are PEOs and EORs the Same?
While the two services are similar, they are not identical. It’s important that you know the differences before choosing which one to partner with your company.
- A PEO is a third-party company that offers HR services to employees of other companies.
- An EOR provides the same services as a PEO while also legally hiring and being fully responsible for employees of other companies.
- With a PEO agreement, the contract is made between the PEO provider and the client company.
- In an EOR agreement, the contract is directed by the client company but is officially made between the provider and the employee.
Whichever one suits your needs best, INS Global offers both PEO and global EOR services in Turkey, allowing you the fullest range of services available.
Labor Law in Turkey - 2024
Employment Contracts in Turkey
Contracts in Turkey should be made in writing and specify all details of employment, compensation, and benefits.
The salary should be in the local currency of the Turkish lira. Probation periods range from 2-4 months.
Work Hours and Overtime in Turkey
The maximum amount of weekly work hours is 45 and should be divided into an equal number of hours per workday. Any hours exceeding that amount are counted as overtime and must be compensated at 50% more than the usual wage.
Alternatively, employees may be compensated with 1.5 hours off work for every hour of overtime.
Holidays and Annual Leave
There are 8 annual public holidays in Turkey. Those who have to work on these days receive double their regular wage. Annual leave is given according to the length of time worked.
Employees must work at least one year before being eligible for paid leave. For those who work one to five years with the company, 14 days is the minimum, and the amount increases to up to 26 days for those who have worked over 20 years.
Sick Leave in Turkey
Employers are not obliged to pay sick leave; employees receive compensation via social insurance, provided they have a health certificate or proper medical report.
Maternity and Paternity Leave in Turkey
Expectant mothers receive 16 weeks of paid maternity leave, eight weeks before birth and eight weeks after. They will receive two-thirds of their salary, and this is covered by national social security.
Additionally, mothers may take up to six months of unpaid leave after birth. Paid paternity leave is five days.
Tax Law and Social Security Contributions in Turkey
Personal income is taxed progressively in Turkey between 15-40% after deductions. Both employees and employers are expected to pay a percentage towards social security. Employees pay 14% and employers 15.5 to 20.55%. As of 2023, corporate tax in Turkey is 20%