Due to the scale of investments, which has been the highest since 1995, the biggest headcount increase in the engineering and manufacturing area has come from the automotive industry. Nearly 40% of investments are automotive, and in 2017 the automotive industry’s production value exceeded HUF 8 trillion. Industry 4.0 projects are in high focus, while a key requirement for the lead plants is to integrate and educate suppliers from the SME segment.
In the future the most important goal is no longer to increase the number of job opportunities but to increase the added value and the technological standards. Lead plant function requires the build-up and retention of competence for specialists with a high level of professional knowledge in the areas of plastic injection molding, metal working, soldering and SMT technology. The growing demand for project managers is also visible, both in manufacturing and in the R&D sector. Professionals in the field of quality management are expected to become more prominent as market participants are putting more emphasis on improving quality assurance systems and processes, given the ever-expanding investments and the competition between companies. In the field of electrical engineering, there is a growing demand both for career-starting and experienced candidates. This is also relevant to the research and development area, since companies are seeking for hardware developers and test engineers in Budapest.
In addition, commissioning positions were expanded to the greatest extent in the field of automation. It is difficult to find and keep engineers with electrical background/experience, who typically run their career in automation – there is a fundamental labor shortage in this area.
The production of high technology for hybrid and electric cars is also challenging for fresh graduates and senior executives; automotive skills are highly paid by most relevant manufacturing and R&D companies.
Over the past five years, salaries have increased by 19% in non-managerial positions and by 3% in executive positions. In addition to raising salaries, career prospects and many other non-financial benefits – workplace atmosphere, employer’s image and training opportunities – keep colleagues loyal in the long-term and have a very important role in recruiting new staff.