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BBJ Event: 2005 HR Conference

The Budapest Business Journal?s 2005 HR Conference was opened by Labor and Employment Minister Gábor Csizmár at the Hilton Budapest WestEnd today. BBJ invited specialists in organization development, management consultants, trainers and other HR professionals to the conference to discuss different approaches to business development. In his keynote address, Csizmár emphasized the fact that 15% of companies in Hungary find it impossible to fill their needs for professional labor. The minister enumerated the measures recently taken by the government to alleviate the problem of unemployment among young people: as an incentive, employers are entitled to a 50% rebate on social security tax for 9 months if they employ new graduates or women returning to the workforce after receiving maternity benefits. The state also encourages employers to hire workers above the age of 50 in a similar way. According to Csizmár, the ministry is planning to extend the tax rebate in November; the new proposal is to reduce the overall employment-related tax burden of companies and state organizations hiring new graduates from the current 34% of pre-tax earnings to 15% in the first year of their employment, and to 25% in the second year. Government plans exist to change the system of vocational training to better accommodate employer needs as well, Csizmár added.