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Big Corporations Outpace Small Businesses in Wages

Analysis

Photo by Liptak Robert / Shutterstock.com

The largest companies paid their employees nearly HUF 620,000 gross last year, while the average salary for companies with fewer than five employees was just over HUF 330,000, according to the detailed wage data by the Central Statistical Office (KSH), Portfolio.hu reports.

This indicates that, on paper, large companies pay workers much more money than small ones.

All this is not surprising in light of the fact that the productivity of companies employing hundreds or thousands of workers is much higher than that of smaller domestic companies.

It is certain that the bigger a company is, the higher the reported income, but the difference is probably smaller than officially measured, namely due to the black economy.

Those working in smaller companies can enjoy the white envelope now, but the bitter pill will come at the latest when they retire, portfolio.hu added.

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