Companies plan to pay more year-end benefits



While most businesses granted lower salary raises this year than planned, they are generally calculating with significantly higher end-of-year bonuses and premiums, according to research by job search portal

Image: Pixabay

Besides extra remuneration, providing mobile phones, training opportunities and catering support are among the most popular benefits provided to employees.

According to, surveyed companies planned to increase wages by 9.1% on average in 2019, but have only raised them by 8.3%. One-third of employees received no raise at all. On the other hand, 28% of companies plan to hand out a 13th month salary, with 56% of businesses aiming to distribute bonuses, and 37% to grant premiums. All of these rates are above those of last year.

Most businesses are calculating with wage increases of 8.2% in 2020, the report adds.

Among fringe benefits, most employers (60%) opt to hand out mobile phones. Bonus training and development opportunities are also popular, present at 40% of businesses. A little more than a quarter of companies also offer catering support to employees.

Unqualified applicants

The research also reveals that 75% of companies say some job applicants send their CVs without possessing the necessary experience and knowledge to be able to fill a given position. While still high, this rate is down from 82% last year.

On the other hand, the number of those who say that applicants ask for unreasonably high salaries is on the rise, standing at 68% of the surveyed, compared to 38% two years ago. The overwhelming majority (82%) of companies say they are planning to either increase or keep steady the number of their employees.

"Some 93% of job seekers start to look at job postings when looking for employment, so itʼs not a coincidence that 86% of businesses still think of advertising on job search portals as their primary and best recruitment tool," says Imre Tüzes, head of business development and product management at "Besides, an increasing number are trying to involve social media in their search. In order to enhance recruitment efficiency and success, ensuring the strategic role of HR and a well thought-out strategy is more important than ever," he adds.

Only 45% of surveyed companies have an HR team, and just 28% have an HR strategy, the research shows. Still, about 25% of businesses are planning to introduce such planning. More than half of respondents say they have a fixed recruitment and selection process, and a further 18% are planning its introduction. On the other hand, while some three-quarters of employers had a conscious wage policy in 2017, the rate stands at only 65% today.

Bamosz Investment Fund NAV Reaches HUF 15.624 tln in March Analysis

Bamosz Investment Fund NAV Reaches HUF 15.624 tln in March

Hungary Condemns Iranian Attack on Israel Int’l Relations

Hungary Condemns Iranian Attack on Israel

Share of 1st Time Home Buyers Climbs Residential

Share of 1st Time Home Buyers Climbs

Tribe Hotel Budapest Stadium Recognized at LIV Hospitality D... Hotels

Tribe Hotel Budapest Stadium Recognized at LIV Hospitality D...


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.