91% of Companies Raised Wages This Year

HR

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The majority of Hungarian companies have tried to mitigate the effects of rising inflation, according to profitline.hu.

Some 91% of Hungarian firms had some degree of wage increase between January and August, according to a survey conducted by Edenred Hungary at the beginning of September.

The survey revealed that 44% of the companies employing more than 500 employees implemented some degree of compensation for all their employees this year.

For companies with between 100 and 500 employees, this ratio reached 90%.

Some 67% of respondents said they gave their employees a raise of between 5-10%, 11.3% said they issued a raise of 11-15%, and the proportion who gave a raise of more than 15% reached 13.9%.

Some 127 HR and company managers were involved in the research.

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