LATEST JOBS IN HUNGARY 2022
The current job market in Hungary offers many job opportunities for both professionals and students. There are a number of positions in the tourism, hotel, and restaurant industry. Some jobs require no Hungarian language skills or special training. If you’re looking for an international job, you’ll find plenty of opportunities in the country’s largest cities.
Average monthly gross wage
In March 2022, the average monthly gross wage in Hungary will increase by 17.5%. This is the total of regular earnings plus bonuses and one-off benefits. The monthly average wage is based on the CEIC exchange rate and is reported by the Hungarian Central Statistical Office.
The minimum wage is also increasing across the European Union. It is currently in the lowest third. However, it is ahead of Slovakia, Estonia, and Latvia. It is also ahead of Czech Republic, Latvia, and Slovakia in purchasing power. In fact, the Hungarian minimum wage is already higher than those in these countries. However, the average monthly gross wage is still well below the minimum wage in many other European countries, such as the UK and France.
While the average wage in Hungary is lower than the average wage in Western Europe, there are opportunities for expats and entrepreneurs to earn more than the average. In addition, Hungary is a member of the European Union and the Schengen free-trade zone. This is one of the main reasons why Hungary is one of the most attractive locations for expatriates in Europe. It is a relatively stable economy, with lower costs of living compared to western Europe.
Average monthly gross salary of blue-collar workers
The average gross hourly wage of blue-collar workers in Hungary rose 10.4% in the first quarter of 2022, compared to the same period last year. The increase is mainly due to the public sector, which reported an average salary increase of 16.8%. The southwest region experienced the largest increase in remuneration, rising by 16%. By contrast, the Central Transdanubia and Hungary regions saw a modest increase, averaging HUF 1,600 a month.
Although there are significant regional differences in the country, there are some positive factors. Compared to Europe, Hungary’s GDP per capita is projected to grow by 4.3% by 2022. The country’s inflation rate, at 7.9%, is less than the rate in some neighboring countries, including Estonia, the Czech Republic, and Belgium. This makes Hungary an attractive option for outsourcing companies.
The Hungarian Central Statistical Office reports a 3.6 percent unemployment rate for April 2022. This indicates that Hungarian businesses are still hiring, despite a lack of workers. Despite the negative news from the global economy, the Hungarian labor market is expected to remain strong this year. With more workers needed, wages will increase.
Job opportunities in the tourism, hotel and restaurant business
According to Laszlo Kovacs, the president of the Hungarian Catering Industry Association, there are around 40 to 50 thousand vacant jobs in the hospitality sector. While some people have returned to the industry, many chose other fields. Some went into IT, which has become a very stable career option. In addition, many applicants for jobs in the hospitality industry have unrealistic expectations when it comes to negotiating wages.
The service industry is expected to face many challenges in Hungary in the years to come. Inflation, utility costs, and labor shortages are all predicted to impact the industry. Moreover, many Hungarian workers have fled the country to find employment, so the industry may need to bring guest workers from abroad.
Foreigners who wish to work in Hungary should focus on the representative offices of international companies. Most of them are located in Budapest. Experienced engineers have good prospects in Hungary, and vacancies in banking, accounting, and management are plentiful. There are also jobs in unskilled labor that require little or no Hungarian language.
Average monthly gross wage of healthcare sector workers
The healthcare sector in Hungary earns just one-tenth of what healthcare workers in neighboring countries make. As a result, health workers often leave the country in search of higher pay. Every year, around 600 health technicians leave Hungary to work in other countries. The reason for the migration is a combination of a lack of skills, poor working conditions, and a low salary.
The Hungarian government has announced several wage increases and subsidy plans in several sectors. While most Hungarians are likely to welcome these increases, it is important to note that wage inflation has recently reached a 14-year high and higher wages will likely cause a wage-price spiral. Additionally, it is unclear how the extra spending will be funded.
The government is required to present a proposal on how to raise wages in the health sector by the end of March. Its spokesman, Zoltan Kovacs, said the government would consider raising wages for health sector workers depending on the performance of the economy.
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