How often are you adjusting salaries in Turkey with inflation where it is?

We tried the lump sum in 2024. It was a mistake. It does not flow into severance, overtime or the bonus base, and employees worked that out within days. Attrition in our field force went from 14% to 23% in the following two quarters. We put it into base the next cycle.

A middle route that our finance team accepted: one full review in January and a July adjustment that is formula-driven and capped. If official inflation for the first half exceeds 15%, base moves by half of the excess over 15, with a cap of 12 points. Nobody has to negotiate it, finance can model it, and employees can predict it.

Worth separating the populations. Our sales and medical roles get two reviews because that market moves twice a year. Head office support roles moved back to one review with a larger January increase and we saw no difference in turnover.

Which inflation figure are you using? The gap between the official number and what employees feel in rent and food has been wide. We stopped referencing any index in our letters and talk only about market movement from survey data.