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Turkish Labor Act 1475-Article 14: Severance Pay

Turkish Labor Act 1475-Article 14: Severance Pay

After new Labor Act no. 4857 came into force, all the articles of the former Labor Act no. 1475 were abolished. However, article 14 of Labor Act no. 1475, which regulates severance pay, is still valid. Although the creation of a severance pay fund is foreseen through a transitional article …

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Problems in Application of Shorter Working Time and Its Pay

Shorter working time is defined as temporarily shortening of weekly working time in an establishment by the employer at least at the portion of 1/3 or at least four weeks or temporarily suspending work wholly or partially. Shorter working time shall not exceed in any case three months. In accordance …

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Sector News

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Legal News

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Business in Turkey

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Six college courses that help grads land jobs

six-college-courses-that

The question “What’s your major?” has gone from being a cheesy pickup line to something much more imperative these days as employers require broader skills from college graduates. Whether you major in anthropology or chemical engineering, companies are looking for a skill set that may go beyond your school’s core …

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Are you aware of white collar crimes?

Are you aware of white collar crimes?

Do you know enough about white collar crimes that have clearly increased due to global workforce mobility? Either as the owner or employee of the company, you need to foresee the potential dangers of work crimes in order to protect yourself and the company. All the white collar crimes including …

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48 million people out of work in OECD nations

unemployment

The latest report from the OECD is optimistic that unemployment across the world’s developed economies may fall slightly next year despite further rises in a number of European countries. The OECD says young people continue to face record unemployment levels, with rates exceeding 60 percent in Greece and around 40 …

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Turkey’s employment ranks at the bottom employment

Turkey's employment ranks at the bottom employment

The worst employment numbers are in Turkey among all OECD countries, according to a new survey of the organization. Employment levels are lowest in Turkey (48 percent), Greece (56 percent) and Hungary (56 percent) while are highest in Iceland (79 percent), Switzerland (79 percent) and Norway (75 percent). Nearly 66 …

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