7 out of 10 young employees expect a raise next year
Photo by Shutterstock.com
Some 54% of employees in Hungary aged between 19-29 expect a small raise below the inflation rate, while 19% expect a significant wage hike, according to the K&H Youth Index.
The research reveals that 49% like their job, but the rate of people who see opportunities to advance their career at their current place of employment has shrunk from 32% in 2018 to 22% in 2019. Only 37% feel valued, while every fifth young employee wants to go abroad to work.
The average net wages of those between 20-29 years amounted to HUF 208,000 in Q1 2019, according to the Central Statistical Office. If the expectations of the youth are met, a wage increase of 1-3% would mean a new average of HUF 210,000-214,000. In the case of a 5% salary hike, it would mean an average of HUF 218,000, K&H.
The research also revealed that 64% believe that their jobs are stable, and one-third think that finding a new job would be easy. The latter opinion is held more particularly be men and those living in Central Hungary.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 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.