What will be the minimum wage in Türkiye for 2024?

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What will be the minimum wage in Türkiye for 2024?
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The countdown to the minimum wage hike has begun. Based on inflation-adjusted calculations, bargaining is expected to start at 40 percent.

Minimum wage in Turkey

Increasing this rate to 45 or 50 percent by adding the share of welfare is on the agenda.

With a 40% increase, the minimum wage will increase to 15,963 liras.

With a 45% increase, it increases to 16,533 liras, and with a 50% increase, it increases to 17,103 liras.

The countdown to the minimum wage hike has begun.

This commission, which will hold a meeting next month, will hold 4 meetings by the end of the month and announce its final decision.

Inflation is very important for increasing millions of salaries.

It is expected that the 6-month inflation will be between 38 and 40 percent.

While the minimum rate of increase is set at 40%, increasing this rate to 45 or 50% by adding the welfare share is on the agenda.

In determining the minimum wage increase, the Commission uses inflation figures as its basis.

Both the medium-term plan and the inflation target of the central bank have been upgraded to 65% at the end of the year, which is calculated to 37.76% based on this 6-month inflation rate.

According to what is being said behind the scenes, the minimum wage increase is set at a minimum amount of 40% and is expected to increase to 40% considering the 6-month inflation rate of 37.76%. With a 40% increase, the net minimum wage will reach 15,963 liras.

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With the welfare contribution, the rate of wage increase in Turkey may increase up to 50%

Meanwhile, increasing this amount to between 45 and 50 percent by adding the share of welfare is also on the agenda.

Due to the 45% increase, the minimum wage will increase to 16,533 liras.

If it increases to 50%, the new minimum wage will reach 17,103 liras.

Salary in Türkiye

The salary in each country depends on several factors such as labor laws, employer’s obligations, labor market conditions and inflation. In Turkey, there are various regulations in the field of salaries and wages.

This includes minimum wages, benefits, working hours, workplace, and working conditions

In Turkey, as in other countries, there are many active job search and employment sites that people looking for different job opportunities can use.

Before using any job site, it is important to read the terms and conditions of each site and register carefully. Also, recruiting firms usually advertise their job openings directly through their websites, so it’s important to visit the companies’ websites as well.

Regarding working in Turkey, you can refer to the article prepared by the Four Key Group team.

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