Hays Hungary Issues New Salary Guide
The following article was written by Tammy Nagy-Stellini, Managing Director at Hays Hungary.
Hays Hungary, the leading specialist recruiter, has issued its 2015 Salary Guide and Market Overview. Managing Director Tammy Nagy-Stellini provides a sector-by-sector breakdown of the key findings.
Hungary is still one of the most attractive locations for newly established SSCs. In the case of existing SSCs the number of more complex roles are increasing while in some cases some transactional functions are taken over by other countries. We predict continuous demand for French, German speaking and trilingual candidates and a high number of openings in the financial sector in 2015. A competitive advantage can be gained by ensuring a smooth, flexible hiring process and applying innovative recruitment solutions.
This year again we can expect serious demand for talented and experienced software developers in the domestic market. As a result of the increasing entrepreneurship, the start-up sector keeps getting stronger. Enthusiastic developers, willing to take risks for new and innovative ideas are becoming more popular. Besides development, the importance of cloud-based technologies continues to stand out, which is referred to as the most cost-effective solution in the IT market. The changes in IT security trends have also had a strong impact on the market and we can expect the demand for experts with relevant knowledge or qualifications to grow further in 2015.
We experienced more activity in the pharmaceutical labour market in terms of the number of recruitment projects undertaken compared year-on-year. Demand for pharmaceutical and medical device sales professionals has increased, despite special taxes and regulations affecting the industry. In the field of regulatory and drug safety outsourcing still remains the leading trend at a global level. These service delivery centres offer various entry-level positions for junior and/or fresh graduate applicants with life science degrees who would like to pursue a pharmaceutical career. As a result of outsourcing clinical trials the demand for clinical research professionals is increasing on the CRO side, while clinical research departments of pharmaceutical companies showed a decline.
The automotive industry is still the key sector in this field. Many factories are expanding and there are currently some significant greenfield investment projects running in Hungary. While for Hungarian companies the biggest challenge is to retain employees, multinational competitors face difficulties with their headcount expansion. There is huge market demand for experts in the fields of process development and experts of Continuous Improvement (Lean or Six Sigma). Employers within the market are increasingly interested in professionals with automation knowledge and for a growing number of companies programming is a basic requirement, even for mechanical engineers. There is also a great demand for technical project managers; this is because of the continuously growing number of development and manufacturing projects running in or managed from Hungary.
ACCOUNTANCY AND FINANCE
Due to the challenging time of the financial sector, the banking and insurance companies can hardly stabilize their human resources. In the crucial specialisms (risk, restructuring, sales and product development), there is a high demand for expertise and well qualified people. Employers who don’t focus on retention can face difficulties due to the notable demand for candidates in these areas. However thanks to the slight improvement in the economy, we can see more job opportunities mainly at experienced level.
SALES AND MARKETING
This year we have seen a lot of interest in technical sales areas. We were pleased to see, that many companies were expanding their sales teams - in some cases international expansion was also observed. In the field of marketing, we have seen a growing recruitment for online, digital and e-commerce managers which underlines the trend, that multinational companies have also experienced the necessity of digital devices in addition to traditional marketing tools.
Hays Hungary conducts annual salary guides. The report presents the minimum, maximum and average gross monthly salaries in HUF for the most typical full-time positions in various sector. The data is taken from hundreds of recruitment projects run by Hays Hungary’s experts nationwide for our multinational and SME private sector clients in 2014.
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