PEO Turkey is the acronym for Professional Employment Organization in Turkey. This is currently the best option for startups and growing businesses. Mainly for companies facing an administrative overload. A PEO in Turkey is an innovative way to benefit solutions from a Turkish human resources infrastructure. This kind of companies are offering services from recruitment to payroll management, including tax optimization. This solutions avoids you to deploy efforts usually necessary for the proper functioning of such a service.
What is PEO in Turkey ?
There is no doubt that growing companies cannot devote the same effort to all aspects of their organization. There is simply not enough time to take care of everything.
This is where the added value of PEO Turkey is evident. With a PEO in Turkey, companies can avoid obstacles related to the administration and management of employees. These actions could prevent them from achieving their goals.
This article is a comprehensive guide to learn all about PEO in Turkey. You will not need to look elsewhere for more information. Because, you will find everything you need here.
A PEO is a company managing the outsourcing of human resources (HR) . It is including other administrative tasks. And, each step is on behalf of client companies.
It serves as a co-employer for clients, usually small and medium-sized businesses. It focuses only on human resources and administrative management. As indicated early, it is developed on behalf of the company. This approach is more competitive for customer.
The partnership between PEO and the client company is called a co-employer relationship.
In this partnership, the PEO in Turkey shares the responsibilities of employer with the client. There is a contract between both sides. According to this model, the employees are both those of the PEO and those of the client company.
Thus giving the latter access to a ready-to-use infrastructure for the management of human resources, payroll, benefits, tax and compliance.
The co-employment agreement with a PEO not only allows company executives and managers to focus on how the company can make a profit. But also reduces risks and legal responsibilities. PEOs also support reduce usual costs of health insurance and employee benefits. PEOs have several client companies. This approach allows them to group all the employees of these companies into a single payroll.
Advantages of using a PEO in Turkey
A foreign company will benefit greatly from the use of an International PEO.
The benefits abound, making it the best way to expand overseas:
Instantly having an HR department / administrative department abroad – With an International PEO based in Turkey. A foreign company does not need to set up its own subsidiary in the country. It can quickly start operating in this new market. Having employees immediately ready to work. Being in compliance with legal requirements in force. And starting to do business immediately.
Ideal for testing a new market. Any business has its risks. It may or may not succeed. Especially in a unknown market. But such an exploration can prove to be quite costly. By using the services of an Payroll Turkey Company, a foreign company can reduce setting up cost. It is including a new branch or subsidiary. You’ll save time and effort. Mainly if your main goal is to discover the feasibility of the business.
Expertise in relevant laws of the country. Laws and regulations relating to human resources, pay, benefits, etc. differ from country to country. A foreign company will therefore greatly benefit. Mainly from the use of an International PEO.
In summary, an International PEO company in Turkey will support a foreign company to develop its activities abroad. Main advantages: quickly, economically and efficiently.
When all of these human resources and administrative management tasks are outsourced to an efficient and expert International PEO. The client company has time to focus on the most important business goals.
The funds saved through the use of PEO can then be used to develop the business.