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More than half of employers in Hungary plan to freeze wages next year

A total of 57% of employers in Hungary plan to freeze wages in 2010, while 37% plan to raise wages next year and 6% plan to decrease wages, a DGS Global Research survey of 600 employers operating in the country reveals.

The survey showed that those employers who intend to increase wages in 2010 plan to do so by an average of 5.2%, while those who intend to decrease wages next year plant to do so by an average of 13%.

In a breakdown by employment categories, 42% of the employers participating in the survey said they planned to raise the wages of employees with post-secondary diplomas in 2010, while 40% of employers said they planned to raise the wages of manual laborers.

On the other hand, only 32%-33% said they planned to raise the wages of upper management and those employed in the commercial sphere. 12% said they planned to decrease the wages of upper management by an average of 17% in 2010.

DGS Global Research, an organizational-development and HR-management consultancy, said that the 600 employers participating in the survey employ more than 5.5% of all employees in Hungary. (MTI – Econews)