How much salary increase is expected in which sector? Here are the 2023 hike forecasts…

The minimum wage rose to 8 thousand 506 liras, an increase of nearly 100 percent compared to the previous year. It remains unclear what the salaries of white-collar workers and executives will be. For white-collar workers, an increase of 60-65 percent is expected in their salaries in 2023. Noting that the gap between the floor and the ceiling has closed, experts think that critical issues such as EYT will shape the wage strategy next year. It is a matter of curiosity how the new minimum wage will affect the salaries of white collar workers this year. The increase in the minimum wage is not reflected to other levels at the same rate. As you go from floor to ceiling, the raise rates decrease. However, despite everything, the expectation for a raise in the private sector is high. On the other hand, there are widespread concerns that the rate of increase will be lower than the minimum wage increase rate and the inflation level. The 2023 wage research covering Turkey’s largest 500 companies was published in Capital Magazine. According to the research, wages in 2023 point to significant changes compared to the last 2 years.

Record in the automotive industry

According to Mercer 2023 Wages and Benefits Survey, the highest wage increase is expected to be in the automotive sector with 70.5 percent. There are logistics and financial services sectors. In almost all of these sectors, raise rates are expected to be over 65 percent. Founder Aysen Arıduru, “Wage increase will be lower in tourism, insurance, health, construction, education, communication and service sectors” he speaks.

Transition to salary with foreign currency

The number of companies that pay salaries to candidates in critical positions such as IT, technology, management, company valuation, crypto, fintech is increasing. Those who do not provide foreign exchange index their salaries to Euro or dollar exchange rates.

New salaries started to be announced in banks

On the other hand, while employees are waiting for the increase rates to be reflected in their January salaries, new salaries have been announced in some banks. İşbank management made an average increase of 51.28 percent to its employees for 2023. In addition, the 2000 TL Maxi Points given to the employees were increased to 3285 TL per month. Thus, the rate of increase reached 67 percent. While the bank increased the meal fee to 128 liras per day, it increased the salary of its lowest employee to 18 thousand liras with side payments. Salaries and raise estimates by industry are as follows:
Here are the new salaries by positions in 500 large companies:
Position
Senior management (Minimum – Maximum)
Chairman of the board: 115,000 – 435,000
Board member: 45,000 – 250,000
General manager: 76,000 – 350,000
Deputy general manager: 58.500 – 170.000Human resources
Human Resources Senior Manager: 50,000 – 140,000
Director of human resources: 32,500 – 75,000
Talent development manager: 24.500 – 45.000
Human resources specialist: 14,000 – 27,500
Quality manager: 15,000 – 37,000
Payroll specialist: 12.500 – 25.500 IT
Information technology director: 57,000 – 200,000
IT manager: 35,500 – 110,000
Senior system programmer: 32,500 – 75,000
Analyst programmer: 23,000 – 60,000
System analyst: 19.500 – 57.500
Network engineer: 19.000 – 48.500
PC support manager: 15,000 – 35,000
System operator: 14.500 – 30.000
Technical support operator: 13,000 – 27,000 Sales
Sales director: 45,000 – 190,000
Sales Manager: 27.500 – 122.500
Regional sales manager: 24.500 – 74.500
Sales representative/manager: 14.500 – 44,000
Telesales operator: 10,000 – 22,500 Marketing
Marketing director: 54,000 – 145,000
Product group manager: 33,000 – 90,000
Product manager: 21.000 – 65.000
Comminity Relationship Manager: 21.000 – 52.500
Customer relationship manager: 20,000 – 48,000
Marketing research specialist: 14.250 – 34.500
Public relations specialist: 14.250 – 29.500 Legal & Administrative Affairs
Legal advisers: 35,150 – 160,000
Senior lawyer: 24,000 – 65,000
Lawyer: 16.500 – 24.500
Administrative affairs manager: 21.000 – 37.500
Administrative affairs manager: 18,000 – 27,500
Administrative affairs specialist: 11.500 – 18.500
Building manager: 12,500 – 19,000
Building management specialist: 10,500 – 16,000Finance
Financial Director: 45,000 – 160,000
Finance director: 35,000 – 75,000
Accounting Manager: 32,500 – 55,000
Budget control manager: 22,500 – 44,500
Budget specialist: 17.500 – 27.500
Financial analyst: 22,500 – 35,000
chief accountant: 20,000 – 32,500
Accounting specialist: 13,000 – 25,000
Accounting staff: 10,000 – 15,000Purchasing and logistics
Purchasing and logistics director: 37,500 – 120,000
Purchasing manager: 18.500 – 48.500
Purchasing officer: 14.500 – 32.500
Logistics officer: 12.500 – 27.500
Import specialist: 12.500 – 22.500Production
Production director: 43,500 – 110,000
Factory manager: 38,000 – 97,500
Production manager: 25,500 – 67,500
Quality manager: 18,500 – 45,000
Production chief: 14.500 – 35.000
Industrial engineer: 12.500 – 27.500
Production planning specialist: 12,500 – 25,000
What awaits new recruits? (Monthly net salary, TL)

Minimum – Maximum by education
University 11,500 – 17,000
Degree 14.500 – 24.500
Doctorate 16.000 – 27.500Note: Wages are calculated considering Turkey’s 500 largest companies. Fees by industry Minimum – Maximum)Textile
General manager 48,000 – 192,000
Deputy general manager 37,500 – 72,000
Manager 18,000 – 45,000
Expert 10.000 – 21.000Banking
General manager 150,000 – 387,500
Deputy general manager 97,500 – 167,500
Manager 31,500 – 85,000
Branch manager 24,750 – 55,000
Expert 11,250 – 22,000 Advertisements
General manager 57,000 – 135,000
creative director 42.000 – 102.000
art director 35,000 – 91,000
customer relations director 33,000 – 68,000Medicine
General manager 107,000 – 330,000
Deputy general manager 78,000 – 165,000
Manager 32.000 – 85.000
Expert 15,500 – 35,000
Sales Representative 12.500 – 21.000Retail
General manager 63,000 – 185,000
Deputy general manager 37.500 – 102.500
Manager 19.500 – 45.500
store manager 18,000 – 31,500
Expert 10.000 – 17.500Tourism
General manager 40,500 – 135,000
Deputy general manager 33,000 – 87,500
Manager 18.750 – 44.500
Expert 12.000 – 23.500Fast consumption
General manager 64.500 – 210.000
Deputy general manager 39.000 – 92.000
Manager 20,250 – 56,000
Expert 11.000 – 26.500Energy
General manager 82,500 – 280,000
Deputy general manager 38,250 – 201,250
Manager 24,000 – 119,000
Expert 12.000 – 41.125Informatics/Telecom
General manager 81.000 – 297.500
Deputy general manager 47,250 – 145,000
Manager 30,000 – 95,000
Expert 12.000 – 42.000Automotive
General manager 87,000 – 253,750
Deputy general manager 62.250 – 152.250
Manager 27,000 – 82,000
Engineer 16.500 – 35.000
Expert 12.500 – 33.250Construction/housing
General manager 47,250 – 202,500
Deputy general manager 37,500 – 97,500
Project Manager 22,500 – 85,000
Expert 12.500 – 37.500Private health
General manager 61,500 – 237,500
Deputy general manager 51,750 – 140,000
Manager 26,250 – 87,500
Specialist 23,500 – 95,000
Expert 12.500 – 33.500 Minimum-maximum increase rate estimation in 14 sectors for 2023Sector Minimum (%) Maximum (%)
IT-internet 32.5 – 67.0
Medicine and health 29.5 – 59.0
Fast consuming 33.5 – 66.5
Textile 17.5 – 44.5
food 35.0 – 66.5
consultancy 28.5 – 55.0
Energy 34.0 – 67.5
Production 29.0 – 60.5
Logistics 27.0 – 55.0
Banking 36.0 – 67.5
Automotive 25.0 – 57.5
construction-real estate 17.5 – 51.5
Insurance 34.0 – 62.5
Tourism 25.0 – 55.5
Source: Datassist Expected average pay increase
Automotive Main Industry 70.5
Energy 68.6
Production 67.3
Automotive Supply Industry 67.1
Mining & Metal 66.8
Logistics 66.3
Financial Services 65.4
Technology 62.5
Insurance 61.2
Chemical 60.3
holdings 57.8
Consumer Products 57.2
Retail 5