Hi all,
Can anyone share what they are doing in Turkey currently. Official sources show inflation is reducing as predicted, however in country we are being told a different story. Is anyone else seeing this challenge, how have you managed with salary increases or other ways to support. e.g quarterly reviews, allowance type payments etc.
Thanks a lot
Fiona
Hi Fiona. We do quarterly economic reviews and awarded 3x last year but have not justified it for this quarter just past on the basis of the decline in inflation. We have however increased meal allowances and looking at individuals to market instead.
For the last few years we have given all employees in Turkey an interim increase 6 months through the year, generally of a fixed percentage (unlike the regular annual pay planning event, where manager discretion determines the size of the increase).
Hi Fiona we are staying with annual salary reviews but have seen a lot of pressure on benefits such as meal allowances which we have revised. Hope this helps James