This may be explained by the fact that 80% of the current workforce is not properly selected. A 2018 study by the Hungarian Academy of Sciences (MTA) highlights the need for an accurate understanding of the concept of the labor shortage before seeking solutions.
There is a growing gap between the needs of businesses and the staff available but demanding higher salaries, results in companies becoming uncompetitive, the MTA study suggests.
If companies work at an inadequate profit rate, they are unable to afford the best manpower.
The solution might be to find the 20% who are worth working with and who will make up the greater part of the company’s performance when hiring a new employee or developing workforce, uzletem.hu notes.
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
