- Global PEO and Payroll
- Global HR Compliance
- Work permit for hiring expats via PEO
- Expand without a company set up
- Contractor vs. employee: which is better?
Employer of Record (EOR) in Turkey
What Is a Global Employer of Record in Turkey?
The Global Employer of Record is the perfect solution for companies looking to expand their business by hiring employees worldwide. The Employer of Record is an innovative talent engagement model that helps companies reduce operational costs and maximize efficiency. With a Global Employer of Record, businesses can tap into an extensive talent pool, grow and succeed in today’s competitive marketplace.
Due to the ever-changing regulatory environment, companies are held accountable for compliance with employment and tax regulations across multiple jurisdictions and seek to understand their global employment risk and how to mitigate it. This means that to be successful in the worldwide employment markets, companies must focus on using efficient global HR models, such as Global EOR, that ensure compliance with complex legal requirements, eliminate risk, and support the needs of their business.
Global Employment Services in Turkey
Many businesses find it challenging to comply with employment regulations when they expand their operations to other countries. In many cases, compliance with the law requires setting up a legal business entity in the country concerned, which can be complex, expensive, and time-consuming. This is not something that all employers are prepared to do.
Are you looking for a way Legally hire, manage, and retain talent in Turkey? Acumen International Global Employer of Record offers a unique global employment solution to support your organization throughout the entire Global Employment Cycle. With over 20 years of experience, we are experts in managing the complexities of global employment.
As a Global PEO, our role is to enable organizations to quickly and easily hire employees in any country. We take care of all the employment-related details so our clients can focus on their business goals.
Global Employment in Turkey — Recruitment. Onboarding. Management. Retention. Termination
Compliance and legal guidance at every step of the Global Employment Journey. 24/7 local support.
2. Global Mobility
5. Payroll Administration
6. Working Time & PTO Processing
7. Benefits Administration
8. Tax Administration & Reporting
|Talent skilled in highly-specialized areas||Employee Work Visa and Work Permit sponsorship||Health checks||Employment Agreement drafting||In-country registration with statutory bodies||Working hours||Mandatory Benefits||Tax Reporting frequency and requirements;||Employment agreement termination:|
|Executive search||Dependent Visa||Criminal record checks||Compliant worker onboarding on your behalf||Day-to-day payroll management||Overtime||Health insurance||Employer taxes & contributions||Dismissal – by the employer|
|Contingency workforce||Visa extension||Background checks||Account setup in the payroll and HR system||Monthly pay slips or other pay frequency||Public holidays||Workers’ compensation||Employee taxes & contributions||Resignation – by the employee|
|Application for a sponsor license for a foreign national||Education checks||Employee data entry and records maintenance||Accruals||Annual leave||Unemployment insurance||Withholding tax||Termination by mutual agreement|
|Relocation assistance||Managing probation periods||Allowances||Parental leave||Voluntary Benefits||Local tax payments and reporting to local authorities||Notice period handling|
|13th and 14th salary||Sick leave||Share plans for executives||End of financial year reporting||Final settlement & severance payments|
|Additional leave||Bonuses & Equipment provision||De-registration with statutory bodies|
|Expenses reimbursement & business trip processing|
|Health insurance, dental treatment|
Global Employment Burdens Acumen Global EOR Helps Alleviate in Turkey
- Compliant hiring and payroll in 190+ countries
- Ongoing monitoring of legal, firing & firing regulations
- Tax & benefits guidance
- Continuous labour, tax, payroll, and immigration compliance monitoring & updates.
2. Risk Control
- Permanent establishment risk
- Worker misclassification risk
- Under-taxation risk
- HR & immigration compliance risk
- Intellectual property right risk.
3. Need for Local Incorporation in Turkey
- Outsourced HR support upon new market testing
- HR arm upon global expansion
- Business in transition – M&As, close-downs.
4. Employee Transfer in Turkey
- From PEO to PEO
- From EOR to EOR
- From legal entity to legal entity
- Convert Independent Contractors to full-time employees.
5. All-in-one Global Employment Solution in Turkey
Acumen Global Employer of Record offers integrated global employment solutions under one roof and can replace multiple vendors, including:
- Payroll Company
- Employee Benefits Broker
- HR Consultants
- Background Checks Vendors
- IP Attorney
- Tax Advisor
- Translation service
- Legal Advisor
- Immigration Advisor
- HR Compliance Advisor.
6. Global Knowledge. Local Expertise and Support in Turkey
- Faster time-to-hire with streamlined paperwork and communication
- One platform to onboard and manage all team members
- Streamlined global payroll
- Single source of truth for contracts and documents
- Dedicated customer service
- 24/7 local support
- Simplified hiring for Full-time employees and contractors
- Expertise with hiring and firing local and foreign workforce.
Global Payroll Management & Compliance Considerations in Turkey
Managing employees in different countries can be a complex and challenging task. Employees may need to be registered and taxed differently in each country, and other laws need to be followed. This can make it very hard to keep track of everything and ensure everything is done correctly.
When it comes to payroll, there are many different regulations that you must follow to avoid penalties or litigation. Each country has its laws and regulations, but some standards apply internationally. You must know and adhere to tax deadlines, withholding and reporting laws, and regulations requiring employee tax slip signatures. If you fail to adhere to these payroll compliance rules, you could face severe penalties that could negatively impact your business.
Global payroll management is a complex process that requires careful consideration of various factors. Payroll specialists must consider local regulations and taxation requirements, which can be time-consuming and difficult to navigate. However, by addressing some key challenges and partnering with a Global PEO, organizations can ensure compliant, accurate, and timely payments.
7 Reasons Why a Global Employer of Record Has to Be on Your Radar in Turkey
Payroll taxes and service fees can be an enormous burden for employers. Many companies use a Global EOR (Employer of Record) to help with these costs. PEOs typically charge a percentage of the total payroll, including employee insurance fees. It can be challenging to determine the actual costs for these services, especially when some employer taxes are only paid on wages up to a certain threshold.
1. Single Global Service Agreement
A global PEO can cover all your international projects within a single contract and add new employees and services as you expand your global workforce in new countries.
2. No Required Minimums
We accept projects of any length with any number of employees.
3. Flexible Pricing — Save As You Grow
At Acumen, we adjust your pricing based on the project employee number, whether you need to scale up or down.
4. End-to-end Global Employment Solution
We manage all your global services, including employment, recruitment, immigration, legal and global HR consulting, saving you valuable time. And Acumen International covers the cost and saves you the effort of finding and selecting local employment-related service providers.
5. Avoid Lawsuits
If you don’t want to get sued, you should become a Global Employer of Record. Doing so limits your vulnerability to lawsuits by ensuring compliance procedures are followed, taxes are paid correctly, and payroll is appropriately managed.
6. Reduced Expenses
A global employer of record (EOR) will bundle the cost of payroll, benefits, and workers’ compensation onto one payroll. The EOR will also handle tax filing on your behalf. This means that you only pay one set fee per month for all services, which can save you time and money by preventing multiple invoices from being mailed to you.
7. Free Yourself From HR Hassles with a Global Employer of Record in Turkey
When you partner up with a Global Employer of Record, you’ll have someone who’s always there to handle the small and large tasks that are going to come up in your HR department. You’ll never have to worry about filling out paperwork or managing new hires again—you can focus all your attention on growing your business. A Global Employer of Record will handle the HR headaches so you can concentrate on what really matters: your business.
Ideal Industries for a Global Employer of Record Arrangement in Turkey
- Technology companies
- Financial services
- Business Services
- Marketing and Advertising
- Non-profit organisations.
Spotlight on Turkey
Turkey, officially known as the Republic of Turkey, is a European and Asian country. It is neighbors to the northwest with Bulgaria; Greece to the west; Armenia, Azerbaijan, and Iran to the east; Georgia to the northeast; Syria to the south; and Iraq to the southeast. Turkey is surrounded by sea on three sides. The Mediterranean in the south, the Aegean in the west, and the Black Sea in the north. The Marmara Sea, in the northwest, includes the Istanbul and Dardanelles Straits and is a territorial water of Turkey.
- Capital: Ankara.
- Population: 81,257,239.
- Local currency: Turkish lira (₺) (TRY).
- Industries: Turkey is one of the largest exporters of tobacco and producers of hazelnuts in the world. Tourism is another major source of foreign currency for the nation. Other industries include car manufacturing, textile, services, etc.
Employ your Selected Workforce in Turkey via Acumen’s Employer of Record (EOR) Solution
As an Employer of Record services provider, Acumen International helps businesses to legally engage and pay their selected highly skilled professionals in Turkey. Businesses desiring to hire local employees should be prepared to pay competitive salaries to attract and retain the most qualified candidates.
As a global employment organization, Acumen International serves both end employers and service companies representing international clients.
Acumen’s Global employment services are designed to provide our clients with professional assistance to meet their global HR needs, such as:
- Global talent acquisition and retention
- Global expansion, to help you quickly enter new global markets without legal and HR compliance risks
- Local support for international clients and their expat employees
Acumen’s Employer of Record (EOR) service in Turkey offers an efficient and inexpensive alternative to direct hiring. Our solution allows companies to operate in Turkey, and in 190 international markets where we serve our clients without registering as a local business entity.
Acumen International offers a global PEO and payroll solution to take care of all payroll details while ensuring full compliance with in-country labor and taxation laws. To get more information about Acumen’s Global PEO and payroll service in Turkey click here.
Legally Onboard and Payroll your Employees in Turkey with Acumen’s Global Employment Solution in turkey
Acumen’s EOR global employment solution helps businesses to overcome legal challenges by hiring and compensating your local and expat workforce in Turkey on your behalf, in a risk-free and cost-effective manner.
Acumen’s Global Employer of Record (EOR) solution was designed to help international companies like yours expand your global reach and engage the brightest global talent for your projects.
If you are looking to reinforce your internal team with the expertise of local talent, or if you have already selected a local candidate to work for you remotely and in full legal compliance in Turkey, our global EOR solution is the ideal choice for you.
In addition to legally onboarding local citizens, we can organize work permits and business visa sponsorship for your expatriate team via our Employer of Record and employ them on your behalf once legal permissions have been attained.
Partner with Acumen International, and let us help you handle your global employment and HR needs. With Acumen, you can rest assured that all legal requirements are met for compliant hiring and compensating your local and expatriate employees in Turkey and 190 countries worldwide where we serve our international clients.
You can trust Acumen to handle the global employment and HR details of your workforce management in Turkey to ensure full compliance with in-country employment laws. Reduce your risks while expanding your business without establishing your legal entity in Turkey. Leave it to Acumen to hire and compensate your employees on your behalf, so you can focus on growing your business.