Professional employer organization (also known as PEO) in Turkey is a method of work.
An independent professional entrusts a structure with the invoicing and the administrative management of the missions.
In exchange for this management, the company charges fees for management fees, signs an employment contract, while the employee pays compulsory social security contributions and reports on his activity.
Relationships in PEO company in Turkey
So there is a relationship between 3 entities: the “worn”, that is to say the independent employee, the payroll company and the user company. The employee and the payroll company based in Turkey are bound by an employment contract, sometimes supplemented by a “membership agreement” (providing for the procedures for recharging fees or other services), whereas the porting company, the worn and the user company are bound by a service contract.
Payrolling (PEO Turkey) is the result of a change in the economic and social context: it is one of the methods used by self-employed professionals to manage the administrative, so they no longer hesitate to outsource.
The PEO company in Turkey concerns seniors (after 50 years), having a high competence in their field. The payroll is also intended for future entrepreneurs who, before embarking on the adventure of entrepreneurship, wish to test their ability to attract and maintain a clientele.
Finally, young people would find a way to enter the job market. PEO Turkey would thus be an effective means of combating unemployment.
Is payroll a good alternative to starting a business? What are the advantages and disadvantages of PEO Turkey ?
The benefits of PEO Turkey
The advantages of Professional employer organization in Turkey allows the employee to carry out his activity autonomously, without being subject to the subordinate relationship that characterizes the standard employment contract. He will find his own customers alone, negotiate the terms of the contract, including financial.
As for the client company, it avoids the sometimes heavy burden of hiring an employee. It also allows him to benefit from a qualified workforce.
The PEO company also makes it possible not to have to worry about the administrative part of its activity. Billing, accounting and other formalities are handled by the porting company.
Being assimilated to an employee, the scope continues to benefit from the general scheme, and unemployment insurance. In addition, he has civil liability insurance. All these elements allow him to exercise his activity with maximum guarantees, ideal situation when you want to test an idea!
No matter, how specific you are, our PEO service will fit your needs.
Our company will support in various ways:
- HR services to manage your employee’s recruitment
- Running payroll
- Checking monthly and quarterly tax obligations
- Being in Compliance with local authorities and limit any risk (more information on local taxes here)
- Also, management of expenses, reporting
Mainly, we become your local HR support including legal, accounting and much more services.