Study: Salary gap sixfold in Hungary

Competition

The medium-level manager of an average firm earns six times more in Hungary, than an administrative employee of the same company who finished secondary school and has at least two years of work experience, a global study of Hay Group quoted by daily Világgazdaság presented.

The research was conducted in 61 countries, Hungary ranked among them 24th both in 2006 and 2007. Hungary’s figures close up on similar data of the Czech Republic, Slovakia, and the Baltic states, while the difference is more than 900% in Romania and in Poland. Salary gaps are highest in China, where it could be 1,200%, but Brazil, Russia and India are also top ranked, Világgazdaság wrote. The narrowest gap is in Norway, where the boss earns only 2.3 times more than the office manager. In the US a middle manager makes four times as much as an office employee. (Gazdasági Rádió)

 

ADVERTISEMENT

Századvég raises GDP forecast to 7.8% Analysis

Századvég raises GDP forecast to 7.8%

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New editor-in-chief at Betone Studio Appointments

New editor-in-chief at Betone Studio

BFK developing regional cycling strategy City

BFK developing regional cycling strategy

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.