1. What kinds of incentive plan are most commonly offered and
to whom?
The most prevalent type of monetary incentive plan in Turkey is
bonus paid monthly or annually. For most of the employees this
bonus may be calculated as sales commission calculated upon good or
services sold to customer or the employees may receive project
bonuses from the work performed with their team. The highest ranked
employees may also benefit from profit sharing. Some of the
companies also establish funds and trust to financially support
employees.
Within the last decade with the new commercial code mostly high
ranked employees as executives, key personnel so on and so forth,
started having incentive plans as share options and share purchase
plans. However, these options are still narrowly implied in Turkey
and least popular incentive plans due to the lack of legislation.
They are offered mostly by foreign companies doing business in
Turkey offering shares of the foreign mother company
