Turkey’s manpower costs are on the rise
ANKARA - Anatolia News Agency
Turkey’s manpower costs were up 10.3 pct in the second quarter of 2012. AA photoTurkey’s manpower costs increased 10.3 percent in the second quarter of the year over the same period a year earlier, according to fresh data announced Sept. 10 in a “Manpower Cost Index” prepared by the Turkish Statistical Institute (TÜİK) in line with European Union standards of using 2008 as the base year.
When examined on a sector by sector basis, both the industrial and services sectors saw a 10.8 percent rise in manpower costs while the construction sector registered a 5.7 percent increase. However, the largest spike in the manpower cost index was the 21 percent rise in the vocational, scientific and technical activities sector.
On a pay-per-hour basis, there was a 10.6 percent increase in manpower costs for the second quarter of 2012. Again, on a sector-by-sector basis the industrial sector saw a 10.7 percent rise in manpower costs, the services sector witnessed a 12.2 percent increase and the construction sector saw a 5.6 increase. Once more the vocational, scientific and technical activities sector registered a 22.3 percent increase coming in as the leader in manpower-per-hour costs.