Teachers’ wages up only 11% in five years

Tourism

The private sector, coping with serious staff shortages, has generated 47% salary increases over the past five years, while payment for a beginner teacher grew only 11%, news site index.hu reported, citing information published by blog site Concorde.

The difference between the private and public sector is significant both in terms of net and gross wages, and skilled teachers are shifting to the private sector.

Concorde reports that, unless drastic steps are taken to stop the widening wage gap, the workforce shortage in the public sector will grow further. The longer it takes to pay adequate compensation, the more expensive it will be to reverse the difference, it stresses, noting that most skilled workers change jobs only for higher wages.

It will be more burdensome and costly to tempt teachers back to the public sector than to keep existing staff, index.hu adds. 

MNB Business Confidence Index Slips in March MNB

MNB Business Confidence Index Slips in March

Chinese President to Visit Budapest in May Visits

Chinese President to Visit Budapest in May

Richter Shareholders Approve HUF 423/Share Dividend Pharma

Richter Shareholders Approve HUF 423/Share Dividend

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.