FACTORY WORKER JOBS IN HUNGARY 2022
During the next decade, Hungarian factories are set to hire more than one million factory workers. This booming economy is so in need of workers across all sectors that unemployment is incredibly low. Unfortunately, a closed door to immigration is making the situation worse. For instance, Gergely Falusi Toth plunges a piece of metal into a salty bath at high temperatures. He works at Techniques Surfaces, a Hungarian branch of the HEF Groupe. The company specializes in surface engineering.
The average hourly wage for unskilled labor in Hungary
The average hourly wage for unskilled labor rose by 10.4% in the first quarter of 2018, according to an analysis by the staffing firm Trenkwalder and reported in state newswire MTI. Compared to the same period last year, hourly wages climbed by 16% in the southwest of the country, while average wages rose by 17% in the Central Transdanubia and Central Hungary regions. However, Trenkwalder acknowledged the negative impact of a 19% increase in the minimum wage from the start of 2022 on Hungary’s economy.
The increase in wages has been seen as a reaction to the soaring prices in the country, which is one of the highest in Europe. However, Hungary’s unemployment rate remained high last year, and the average wage increase for unskilled laborers in Hungary will remain around 7 percent, according to Eurostat. Meanwhile, the average hourly wage of skilled workers will be around HUF 1,500, and that of unskilled labor is expected to rise to HUF 260,000 by 2022.
The average salary for factory workers in Hungary
The average gross salary for factory workers in Hungary is 2 872 277 Ft, equivalent to 1 381 Ft per hour. These numbers are based on survey data provided by employers in Hungary. The average bonus received by factory workers is 35 903 Ft. There are also many job categories where salaries will vary dramatically. The average salary for a factory worker varies from an entry-level of 2 400 006 Ft to a senior level of 3 405 879 Ft.
The official minimum wage in Hungary will increase slightly over the next few years. This increase is largely dependent on experience. Experienced workers make 12% more than their juniors and entry-level counterparts. Employees with between ten and fifteen years of experience earn two-thirds as much as their juniors. However, some jobs will pay less as experience increases. In this case, workers with more than 15 years of experience will earn just 17% less than those with only two to five years of experience.
Number of factories in Hungary
The automotive industry in Hungary is one of the most important sectors in the country, employing more than 100,000 people. This industry accounts for more than five percent of the GDP and employs over 700 companies. The country’s strategic location, good infrastructure, and favorable economic conditions make it an excellent place to expand an automotive manufacturing business. Another major industry in Hungary is the pharmaceutical industry, which employs tens of thousands of people.
The government continues to promote pro-government businesses through public procurement. According to data from the European Commission, 24.1% of Hungary’s tenders last year had only one bidder, and 38.8% of these procedures were closed. The government continues to roll out the red carpet for export-oriented large multinational companies, but the resulting non-transparency and lack of trust in the country have put a crimp on the freedom of private enterprise.
The employment rate in Hungary
For the past two decades, Hungary has attracted foreign investment in the manufacturing sector. Since joining the European Union in 2004, it has also expanded its manufacturing base. However, labor shortages have been a problem. In September, the state statistics agency listed 48,460 unfilled positions. Major companies employ thousands of workers in Hungary, including Audi, Bosch, Continental, Lego, Mercedes-Benz, and more. But what will the future hold for these jobs?
The labor market indicators have improved after the lifting of epidemiological restrictions. The number of employed increased by a total of 17.5% in March 2022, while the number of unemployed was down by a mere 169 thousand. The government and public sector were the largest sources of this growth, as average wages increased by more than four percentage points during the first three months of 2022. The economy is in a good position to increase employment rates.
The minimum wage for unskilled labor in Hungary
The minimum wage in Hungary is due to increase to HUF 260,000 by 2022. This increase is expected to support headline wage growth in the country. The government has proposed that payroll tax rates be cut from 27% to 15% in 2020 and 2021. This change will also make wages more affordable for workers, while at the same time maintaining their standard of living. Unions, however, have not agreed to the changes.
Earlier this year, the Hungarian government supported an increase in the minimum wage for unskilled labor by 19%. In October, the Innovation and Technology Ministry announced the plan and stated that this increase is a response to sky-high prices. Moreover, the inflation rate in Hungary is forecast to remain at 5% through 2021, making it one of the highest in Europe.
Human development index in Hungary
Despite Hungary’s oppressive political situation, the country has managed to create a thriving crowdfunding culture that has allowed several civic and independent organizations to continue their operations. As a result, Hungary’s Human Development Index is currently at an exceptional level, with an average life expectancy of 76.9 years. The HDI is also adjusted for inequality at 7.4%, the highest among Central and Eastern European countries.
The country’s recent history is marked by a fraught relationship with global leaders. Hungary’s political leadership began a vigorous anti-immigration stance and centralized its political power. This political climate aligns with a rise in populism and far-right political movements in Europe. In addition, the United States has cited corruption in Hungary’s government, and human rights organizations have accused its leaders of waging smear campaigns against civil society organizations and tolerating discrimination against Roma. Hungary is a member of the European Union, NATO, and the Organization for Security and Cooperation in Europe.
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