In 2024, tech sector cutbacks increased available candidates, while Germany's economic downturn also impacted Hungary. Full remote work is less common, making it more valuable and reducing salaries. Many international companies have returned to the office, preferring hybrid work, which has widened the wage gap between the capital and rural areas.
The past year has complicated the market for industrial players. New investments in eastern Hungary have disrupted supply-demand and increased salary expectations. In the west, companies struggle, often downsizing or delaying staff replacements. Eastern Hungary progresses due to investment, but sustainability is uncertain. Development centers and R&D remain unchanged.
The pharmaceutical industry has been busy, with employees eager to change jobs to meet pay expectations despite inflation. In medical devices, job change willingness was high, but senior professionals faced 6-8 months of job searching. There's a persistent specialist shortage, and recent graduates are tempted by foreign qualifications. Domestic firms compete with foreign companies who are offering relocation support and broad benefits for candidates.
The Hays Salary Guide is the most comprehensive analysis of the Hungarian labour market. The guide includes insights of 14 different industries, based on the analysis of our specialised recruitment consultants and survey results of over 3 000 employers and professionals across the country.
The report presents you the latest trends of 14 industries and salary ranges of more than 600 positions.
