2023 brought a huge ups and downs in the hiring of full-time workers in IT. The keywords were stability, patience and retention, and we don't see this changing drastically in 2024. In addition to the slowing in recruitment, the dynamic wage rises of previous years has also slowed. The market, which had been candidate-driven for years, suddenly became position-driven.
Contradictions characterised the engineering and manufacturing sector in 2023. Investment continues to flow despite questions about the ability to meet the labour needs of “gigafactories”. The import and integration of foreign workers has become a major issue. In some locations, companies continue to see the retraining of Hungarian professionals as the key to the future.
Due to the slowing of economy and a decline in job postings, recruiting experts in the financial market was a challenge in 2023. The recession has led employers to adopt a more cautious recruitment strategy, while employees have become more cautious and passive. Workers were only open to new opportunities if there was a significant wage increase, and often, they also built next year's increase into their financial expectations.
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 2600 employers and professionals across the country.
This publication presents you the latest trends of 14 industries and salary ranges of more than 500 positions.
