MediaMarkt Implementing HUF 2 bln Wage Raise in Stages

HR

Image by Christoph Blumbach / Shutterstock.com

To retain its employees, MediaMarkt responded to the economic situation that has developed since the coronavirus pandemic with the most significant wage increase in its 25-year history in Hungary, according to profitline.hu.

In addition to the HUF 2 billion wage improvement implemented in several stages, the company started general employer branding and external and internal strategic renewal.

The retailer says this is not just a facelift but a deeper change that unfolded based on the economic and labor market experiences of the last couple of years and last year's energy crisis and inflationary situation.

Many structural transformations have taken place in the organization as a result, it said.

MOL Inaugurates EUR 22 mln Green Hydrogen Plant Green Energy

MOL Inaugurates EUR 22 mln Green Hydrogen Plant

Gov't to Postpone HUF 675 bln of Investments - Varga Government

Gov't to Postpone HUF 675 bln of Investments - Varga

Close to 2,500 Companies Apply for EV Subsidies Automotive

Close to 2,500 Companies Apply for EV Subsidies

Olympic Fest of Street Sports in Budapest Coming This June In Budapest

Olympic Fest of Street Sports in Budapest Coming This June

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.