Enormous Pressure to Raise Wages Against Inflation

HR

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There is enormous pressure on employers to somehow compensate employees due to the devaluation of salaries from inflation, job market expert at HR Portal Zoltán Karácsony told Világgazdaság.

"Everyone is besieging us for a salary increase," an HR director at an international company in Hungary complained to Karácsony a few weeks ago.

According to him, company managers also feel that something needs to be done because good employees are the first to leave. Everyone is trying something different, there are those who have given a mid-year increase of around 5%, or have already brought forward the September increase.

"I see that instead of increasing the basic salary, most of them try one-time, well-performing bonuses that are not included in the basic salary, for example cafeteria allowances of HUF 100,000-200,000-300,000," he said. "But they also know that this is only a temporary solution."

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