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IMPACT – MEDIUM
What is the change? Turkish authorities have increased the minimum wage for foreign employees by 14 percent.
What does the change mean? The gross minimum monthly wage this year will be 2,029.50 Turkish lira (about US$535) and the net minimum monthly wage will be 1,603.12 lira. Employers should also note that the salaries they pay workers must be commensurate with their position and that higher wage minimums apply for some positions, as detailed below.
Additional information: Turkey’s minimum wages are adjusted annually, with some positions requiring higher wages. For example:
BAL Analysis: The new wage minimums mark a significant increase above 2017 levels. Employers should be sure to take the new minimums into account when planning their 2018 budgets. Applications that are not supported by the appropriate wage will be rejected. Those with questions about what a certain type of worker should be paid should consult with BAL.
This alert has been provided by the BAL Global Practice group and our network provider located in Turkey. For additional information, please contact your BAL attorney.
Copyright © 2018 Berry Appleman & Leiden LLP. All rights reserved. Reprinting or digital redistribution to the public is permitted only with the express written permission of Berry Appleman & Leiden LLP. For inquiries please contact copyright@bal.com.
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