Employee Benefits Market in Turkey 2021

HTF Market Intelligence released a new research report of 48 pages on title 'Employee Benefits in Turkey 2021' with detailed analysis, forecast and strategies. The market Study is segmented by key a region that is accelerating the marketization. The study is a perfect mix of qualitative and quantitative Market data collected and validated majorly through primary data and secondary sources.

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Summary
Employee Benefits in Turkey 2021

The Turkish social security system is largely like the Continental model, with employee contributions made according to their insurance and payroll status. Contributions are collected in a joint pool and pensions are paid, on becoming eligible, according to contributions made. From 1990, several financial problems arose in the Turkish social security system due to the implementation of early retirement, an increase in unregistered employment, and low rates of contributions and income subject to contributions. The system does not cover the entire population and does not have sufficient protection against poverty. This unsystematic method limited consistency in standards with respect to employee rights and obligations. Social security reform was introduced in 2008 to address these issues.

The report provides in-depth industry analysis, information, and insights of the employee benefits in Turkey, including an overview of the state and compulsory benefits in Turkey, detailed information about the private benefits in Turkey, insights on various central institutions responsible for the administration of the different branches of social security and the regulatory framework of the employee benefits in Turkey.

Key Highlights

- The Turkish social security system is largely like the Continental model, in which employee contributions are made according to their insurance and payroll status.
- The system’s main participants are employees, employers, and public sector representatives.
- The Turkish social security system does not include the entire population and does not offer sufficient protection against poverty.
- The Turkish social security system uses the pay-as-you-go method to finance social security benefits.
- The employers provide auto-enrolment occupational pension plans under Pillar II.
- Employers provide medical benefits to their employees by subscribing to group health insurance plans.

Scope

This report provides a detailed analysis of employee benefits in Turkey -
- It offers a detailed analysis of the key government-sponsored employee benefits, along with private benefits
- It covers an exhaustive list of employee benefits, including retirement benefits, death in service, long-term disability benefits, medical benefits, workmen's compensation insurance, maternity and paternity benefits, family benefits, unemployment, long-term care benefits, leave and private benefits
- It highlights the economic and regulatory situations relating to employee benefits in Turkey

Reasons to Buy

- Make strategic decisions using in-depth information related to employee benefits in Turkey.
- Assess Turkey's employee benefits market, including state and compulsory benefits and private benefits.
- Gain insights into the key employee benefit schemes offered by private employers in Turkey.
- Gain insights into key organizations governing Turkey’s employee benefits, and their impact on companies.

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Table of Contents
1. Executive Summary
2. Introduction
2.1 What is this Report about?
2.2 Definitions
3. Country Statistics
4. Overview of Employee Benefits in Turkey
5. Regulations
6. State and Compulsory Benefits
6.1 Retirement Benefits
- Introduction
- Eligibility
- Benefits
- Payment options
- Contribution
6.2 Death in Service
- Introduction
- Eligibility
- Benefits
- Payment options
- Contribution
6.3 Long-Term Disability Benefits
- Introduction
- Eligibility
- Benefits
- Payment options
- Contribution
6.4 Short-Term Sickness Benefits
- Introduction
- Eligibility
- Benefits
- Payment options
- Contribution
6.5 Medical Benefits
- Introduction
- Eligibility
- Benefits
- Payment Options
- Contribution ……

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