Putting employees – foreign or local – on the payroll in Turkey is a big decision for any investor. The country provides a number of benefits for Western companies wishing to expand. From its privileged position between the Mediterranean and Black Seas to its booming industrial scene and its young population of highly skilled workers, its popularity comes as no surprise. Doing business in Turkey allows investors to reap all these benefits all while cutting down on costs compared to many other ventures. Here are some of the most compelling advantages of recruiting new personnel in Turkey.
Highly Skilled Employees on the Payroll in Turkey
Recruitment in Turkey is facilitated by the fact that the country boasts numerous highly skilled professionals, many of whom are part of the 600,000 young graduates Turkey produces each year. Their impressive profiles allow them to migrate to various countries in the EU and around the world, though a large proportion of them chooses to remain. Foreign companies do not hesitate to put them on the payroll in Turkey, where their skills complement their native knowledge of local habits and customs. Umbrella companies, such as Azkan Group, rely on their competence with the utmost confidence to bring foreign businesses exactly what they need in terms of workforce.
Workers Very Familiar with the Western World
While those who choose to offer their services to foreign businesses in Turkey do obviously know their country as well as one might expect, they are also perfectly acquainted with worldwide trends and conventions. As globalisation has had Turkish people embrace much from the Western culture, their outlook on international interactions is quite open, allowing them to bridge any gap between foreign investors and more traditional aspects of the Turkish market.
A Dynamic Country
With half of its population under 30 years of age, Turkey is a young, dynamic country. It boasts a workforce averaging 30 million and shows exceptional productivity. There exist different types of contracts to put employees on the payroll in Turkey, covering temporary or permanent work, various definite or indefinite periods of time, part-time and full-time arrangements, work-upon-call, team contracts and more. A typical work week is 45 hours, much more than the average working hours in most European countries.
Quality Services Dedicated to Helping Foreign Businesses in Turkey
Because recruitment in Turkey, payroll matters and general business in the country can get confusing for foreign investors, such umbrella companies as Azkan Group provide all-inclusive services. Designed to encompass every component of business in Turkey, their offerings allow companies to set up and operate their new branch from overseas without even setting foot in Turkey. Yet, should they not wish to, they are not required to open a subsidiary at all.
On one hand, umbrella companies can assist their clients when selecting a legal status to open a new business entity in Turkey. They ensure all legal requirements are met and handle every aspect of registration with the administration.
On the other hand, they can act in foreign companies’ name and put employees on the payroll in Turkey under their own responsibility. This means that one can hire the services of Turkish workers and expand their activities on Turkish soil without having to set up a company. Not only convenient, this solution is also cost-effective, as everything is handled by the umbrella company, including accounting and legal declarations. The workers’ wages and their own fee then translate into a simple invoice. Completely hassle-free, this option means even hiring one consultant to act as the liaison between Turkish suppliers and the head office is a straightforward procedure.
Concretely, the Turkish employee on the payroll in Turkey signs a contract with the umbrella company and officially provides their services to that entity. Hence, they receive compensation in the form of a salary, complete with benefits, paid leave, and social security. The foreign investor, on the other hand, receives an invoice from the umbrella company which covers the cost of the employee along with the agency’s fee.
Finally, umbrella companies have access to a large pool of talents and know how to pick the best profile for the task at hand.
