Improving productivity, profitability and compliance should be a goal for most companies looking to establish their presence in an international market. Entrusting your activities to our PEO in Turkey is the perfect way to ensure your HR management, hiring process, benefits, payroll and other administrative complications are handled in the most efficient way possible.
Our agency supports your company’s growth thanks to our tailored solutions!
Offering your employees excellent working conditions is essential if you wish to surround yourself with capable people whose contentment is paramount for increased reliability. As a PEO in Turkey, we know about and take full advantage of all the benefits employees are entitled to, and manage taxes, payroll, training obligations, declarations etc.
Thanks to this comprehensive solution, you can focus on selecting the perfect collaborator for your company, knowing that every single aspect of their employment will be taken care of.
By relieving your company of any employment-related responsibilities, you no longer run the risk of having to deal with the consequences of hiring someone who isn’t the perfect match, and your company becomes more attractive to top candidates seeking a long term partnership.
Additionally, as a PEO in Turkey, we act as a true HR department for your Turkish branch, and can provide you with all the data you need to help your business thrive thanks to highly efficient reporting.
Without setting up an actual business in Turkey, you are not bound to any obligations and can take this opportunity to test out your business strategies and drive profit without being held back by complicated commitments.
Having to deal with counterproductive corporate tasks when you could be busy finding new business opportunities can be very frustrating, particularly when dealing with the complexity of outsourcing some of your activities in Turkey. Thanks to our PEO in Turkey, you can retain peace of mind, and be assured that your business is fully compliant with Turkish legal requirements, without the hassle of hiring dedicated staff. Whether you are looking for long term collaborators, or wish to employ project specific staff, we can ensure your company will benefit from having the best partners to help you while keeping you from complicated commitments.
PEO Turkey and financial functioning
If employees receive unemployment allowances, they can continue to receive them provided that the sum of allowances + salary for a defined month is not greater than the initial amount lost.
As previously explained, PEO invoices the company and the associated fees are processed early.
These fees are then paid to the employee in the form of a salary.
The amount is defined after deducting employer charges, management fees, etc.
The cost of salary in PEO in Turkey is approximately 10% of turnover, excluding taxes. This corresponds to the management rate of the carrier company, which varies depending on the carrier company.
The strengths the PEO system
PEO is booming and for many professions (engineers, project managers, executives etc), and it constitutes a real springboard. Its advantages are numerous:
- There is no creation of statutes
The person who launches does not need to create a status. Once engaged with PEO, he/she can get started.
- The entrepreneur is protected
With PEO, you can combine your self-employed activity with the advantages of a salaried status. You benefit from an advantageous mutual insurance scheme, social security and retirement contributions.
- You perform more interesting tasks
With the PEO in Turkey solution, you can access new jobs and therefore find new customers.
- You train
Thanks to PEO in Turkey, you have the possibility to train yourself and then learn how to develop your business and increase your turnover. As you know, training is essential when you are independent!
- You are never alone
With PEO, you will be able to join a community of professionals who will expand your network. If you have any questions, please take advantage of the advice from your interlocutor.
- A simple solution
There is no creation of statutes. Start a job in just 24 hours. Don’t waste your time with various administrative procedures and devote yourself 100% to your business activity.
Are there any disadvantages?
Just like all the other schemes allowing an individual to conduct professional activity, PEO presents some disadvantages.
The first is management fees deducted from the turnover of the employee. These costs are due to various advantages dedicated to the employee (support, network, access to training, etc.). On the jobs entrusted to employees, PEO also has a right of oversight, and the daily rate must be negotiated in advance.
PEO in Turkey: Is it a solution really synonymous with security?
For the consultant, turning to PEO does not present any major risks. Working conditions are mentioned in the contract which binds them to the PEO. With this system, the professional is certain to receive remuneration at the end of each month.
In Turkey, PEO is a system that increasingly appeals to both companies and people. They wish to combine independence and social security coverage for employees. If you want to get started, don’t hesitate to inquire into Nichols JR Payroll solutions Turkey. It offers exclusive services, guarantees and insurance for PEO professionals.