HUF 1 mln salaries more common in Hungary

Deals

Photo by Liptak Robert / Shutterstock.com

HR firm Hays Hungary says wages continued to rise in Hungary last year, and according to its own survey and experience, it is not uncommon for a senior employee to apply for a gross salary of HUF 1 million, writes portfolio.hu.

Photo by Liptak Robert/Shutterstock.com

The initial salary of professionals in the construction and real estate market is around HUF 500,000, while an experienced senior can earn between HUF 1.5 mln to HUF 2 mln gross.

In addition to the construction industry, engineering is probably a focus of the slowdown in the automotive industry. Recruitment in this area also declined, but wage growth, as in recent years, has not stopped.

Junior salaries increased minimally for inexperienced candidates, but strongly increased among those working alongside their studies. Seniors’ wages continued to increase, especially for candidates with specialist knowledge or professional support.

Even more important is wage planning and career response to change. Initial salaries typically ranged from HUF 475,000-500,000 gross, and with five years of experience this was almost double, the average was HUF 750,000 to HUF 1.1 million.

MOL Shareholders Approve Dividend of Around HUF 250/Share Figures

MOL Shareholders Approve Dividend of Around HUF 250/Share

Gov't Awards HUF 6.5 bln of Subsidies to SMEs in Underdevelo... Government

Gov't Awards HUF 6.5 bln of Subsidies to SMEs in Underdevelo...

Poland Retail Sales Growth Stable in March Retail

Poland Retail Sales Growth Stable in March

Liz & Chain Rooftop Bar Debuts Sustainable Cocktails Drinks

Liz & Chain Rooftop Bar Debuts Sustainable Cocktails

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.