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IMPACT – MEDIUM
The Turkish government has increased the national minimum wage because of inflation.
Key Points:
BAL Analysis: The new threshold is about 28 percent higher than the previous minimum wage. Businesses may see an increase in labor costs . Employers should take the new minimum wages into account and adjust budgets if necessary.
This alert has been provided by the BAL Global Practice Group. For additional information, please contact berryapplemanleiden@bal.com.
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