ADVERTISEMENT

Survey shows huge wage gap in Hungary

Telco

The average income of the highest-earning Hungarian workers is twenty-eight times higher than that of employees with the lowest-paying jobs, according to a recent survey covering 56,000 employees, organized by personnel services company Trenkwalder and partner Simconsult, state news agency MTI reported.

Workers employed in the lowest-paid jobs make a monthly gross HUF 117,000 (€378) on average while top managers earn a basic wage of HUF 2.4 million (€7,760), with non-regular payments increasing these incomes to HUF 122,000 and HUF 3.4 million, respectively, the statement said yesterday.

Employees earned above-average pay in information technology and technical and financial areas while wages remained below the average in logistics, administration, education, health care and social services. In terms of sectors, employers in vehicle manufacturing and the machine industry, and to a lesser extent, the construction and building materials sectors pay higher-than-average wages.

Foreign-owned companies pay at least 5-10% more than Hungarian employers, but in some areas this difference can exceed 30%. In a regional comparison, wages are higher than the average in Budapest and central Hungary as well as the western part of Transdanubia. 

ADVERTISEMENT

IMF raises Hungary 2021 GDP growth forecast to 7.6% Analysis

IMF raises Hungary 2021 GDP growth forecast to 7.6%

Parliament approves amendment to Competition Act Parliament

Parliament approves amendment to Competition Act

New CEO announced at Codic Hungary Appointments

New CEO announced at Codic Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

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.