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Top managers in Hungary earn six times more than subordinates

Top managers at Hungarian companies earn 6.2 times more than their subordinates, according to a survey by consultancy Hay Group.

The difference between wages of top managers and rank and file employees grew by 37% this year because of tax changes, Hay Group noted.

Hungary introduced a flat-rate personal income tax system from 2011.

In spite of the increase, the difference in pay was similar to that in other countries in the region. Top managers in the Czech Republic make 5.4 times more than their subordinates and top managers in Slovakia make 5.6 times more. In Poland, top managers make 8.5 times more.

The survey covered mainly multinational companies.