Business in Turkey

As of July 1, 2020, the severance pay ceiling is determined to be 7,117.17 TL for the second half of the year, with an increase of 5.75 percent. How Is The Severance Pay Ceiling Determined? Severance pay is calculated by adding the last gross salary of the employee and the …

If the service contract of an employee is terminated, it should immediately be reported to the SSI. This notification must be made by the employer or the employer’s representative. When notifying SSI, the termination needs to be reported with the correct exit code.  Why is the Correct Exit Code Important? …

Mutual rescission is a method of terminating an employment contract arranged between the employer and the employee by reaching a mutual agreement, with the parties’ declaration of will. The main purpose here is to partially or completely break the employment contract at quiet.  As mutual rescission is not regulated by …

During the pandemic period, a number of measures were taken in order to ensure business continuity, to protect workers income and to support employers. Within the scope of these regulations, criteria to benefit from short-term work became less stringent, restrictions were imposed on termination of employment by employers, and the …

The Complementary Pension System (TES) has been a topic of interest for millions of employees and employers. Implemented within the severance pay fund, TES will introduce a series of innovations. What is TES? TES is an additional pension system that aims at preventing the fall in the living standards due …

Short term work allowance and unpaid leave support have been the leading government incentives to fight against Covid-19 crisis. More than 3 million applications were made for the short term work allowance. With the load of applications submitted in such a short timeframe, it is highly probable to have errors …

In case of losing their jobs, employees are entitled to severance pay in return for their labor within the time spent in the institution. Severance pay is aimed at supporting employees’ livelihood during the period they seek for new jobs. Annual leave is another right given to the employee to …

Before the Covid-19 pandemic, there were not many applications for the short term work allowance which used to be the legislation for years. However, with Covid-19, the applications for the short-term work allowance soared and processing the applications has increased ISKUR’s workload significantly.  The employers who had submitted their application …

As part of the economic measures taken against Covid-19, the short term work allowance and the new temporary arrangement of unpaid leave have helped employers with their cash flow management in the short run.  It is possible to shift from unpaid leave to short term work and from short term …

One of the postponements SGK made post-Covid-19 was regarding premium payments for employees over 65 years old. With SGK’s General Letter no. 5157380, dated 24 April 2020, in line with the measures taken due to the Covid-19 epidemic, the payment of the insurance premiums for the workplaces within the scope …