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Hungarian Employers Planning Avg Wage Raise of 12%

2023. december 05.

Budapest Business Journal

Compared to the January plans, many more companies have finally increased the wages of their employees this year, and the increase exceeded the original plans. The primary reason for this was to retain staff and to compensate for inflation, but in the end, the raises fell short of the level of inflation. The wage increase projections for 2024 are more modest than this year, but fringe benefits remain a popular option.

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