SME Employment Stable

HR

Employment is stable in the small and medium-sized business sector, and seven out 10 companies are preparing for a wage increase, an average of 9%, K&H said yesterday based on the latest SME confidence index research, according to profitline.hu.

Employment in the SME sector is stable, said Zoltán Rammacher, head of K&H SME marketing and sales support, as 77% of companies plan to have the same number of employees for the next year, according to the March survey. Such a high rate last occurred in 2017.

Currently, 16% of companies are preparing to hire new employees, a slight drop compared to 23% in the previous quarter. At the same time, fewer firms are preparing for downsizing at 5%, down from 8%, Rammacher explained.

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