With a population of 76 million people, Turkey offers a labor force of 27 million citizens who are well-trained, skilled and many of them have an important work experience which is very useful for foreign entrepreneurs interested in opening a company in Turkey.
If a foreign investor intends to hire people from his country or outside Turkey, he must submit a few documents to the Turkish authorities in order to obtain the work permit for his future employees. This procedure may last a month, but if he decides to hire local citizens he can start his activity immediately, after he signs the employment contract for his new employees.
Half of Turkey population is under 30 years, so the workforce in this country is very young comparatively to other countries in EU where the population is getting old. In the top of largest workforce countries in EU, Turkey is ranked 4th, which means that foreign investors are offered a great potential for their businesses. The labor costs are low comparatively to other European countries and the productivity is good, so Turkey is a competitive country in terms of labor force.
Turkey is considered to have one of the greatest workforces due to the skills and low costs for employees. The universities from Turkey offer 600,000 graduates every year to the labor force, an important resource for foreign investors interested in employees with a high education and qualifications.
The employment is regulated by Labor Law no. 4857 and Trade Union Law which stipulates that no employee can be discriminated because of his race, gender, religion, political or philosophical belief etc.
Before starting work, every employer must sign a work contract with the future employee. There are many types of contracts, such as for:
- temporary or permanent work
- a definite or indefinite period of time
- part-time or full-time jobs
- starting with a trial period
- team contract.
For employees with a full time contract, the maximum period of work per week is 45 hours. People who want to work more than 45 hours per week will get a supplementary pay – 50% higher than the regular hours for every hour worked additionally to the maximum period. The second alternative is that the employee receives free time according to his supplementary work.
No matter what an employee or employer would want to work, a person can’t exceed 270 supplementary working hours per year.
If you need detailed information about hiring personnel in Turkey or you need assistance with the procedures for obtaining the work permits, you may contact our company formation agents.They will also help you with opening a company in Turkey.