Reed’s Hungary salary guide 2023
Use our salary guides to compare the average salary in Hungary by sector - a resource for both employers and employees.Our 2023 salary guide looks at average salaries in Hungary and benefits across six sectors. The guide uses data from jobs posted in Hungary to outline key trends and insights, enabling you to benchmark average pay for your employees, find out what to aim for in a new role, or what your current one should be offering. Download our free guide now to compare average salaries and benefits across Hungary. This year the landscape looks uncertain as many EU countries battle rising inflation. As well as this, Hungary is experiencing high demand for workers, while trying to re-establish more normality after the Covid-19 pandemic. It’s more important than ever in this candidate-driven market to check your salaries and benchmark against your competition to ensure you can attract and retain the right professionals. Using data from jobs posted by Reed, our 2023 Hungary salary guide is the ultimate salary checker. By using our guide to inform your average salary, you’ll understand what jobs are worth across the country, helping your organisation stand out from the crowd when hiring, or when looking for a new position. Who is this salary guide for? Whether you’re looking for guidance on what your current salary should be, what you could earn if you moved into a new role, or whether you are paying your workforce a competitive rate, our salary guide allow you to compare salaries across Hungary – from accountancy and finance jobs through to the latest technology roles. Employers: looking for benchmarking advice? You can use our salary guides to compare pay and benefits, allowing you to ensure your remuneration packages are up to date and competitive. It’s vital to stay ahead of the game as failure to do so could leave job application numbers low and your competition thriving. Professionals: wondering what you should be earning? Use our 2023 Hungarian salary guide to understand your worth, help you decide on a new job you have been offered, or plan for your next step on the career ladder. Could you earn more by switching sectors? Cost of living: Hungary salaries vs inflation “As we enter 2023 the outlook looks uncertain with the exponential rise in inflation and increasing cost of living. However, we should remain optimistic, think ahead, and prepare for what’s next. The workforce across Europe has significantly shrunk – the reasons for this are quite complex, but factors include the ongoing impact of the pandemic, the rise in inflation and cost of living, and skills gaps across a number of sectors. The cost of living continues to rise at pace, partly due to the war in Ukraine, causing energy and food prices to continue to climb, leaving many people struggling. Because of this, wages have never been more in the spotlight than they are right now" - James Reed, Chairman and CEO, Reed. Which sectors are covered by the salary guide? The Reed 2023 Hungary salary guide assess salaries and benefits across the following seven sectors: Accountancy & finance Business support Human resources Marketing & sales Technology Engineering Temporary staffing So, whether you’re looking to hire a head of accounting, service delivery manager, payroll specialist, SEO specialist, or system analyst, or if you’re trying to find out what you should be earning as a project engineer or office manager, you can use Reed’s guide for reassurance. Why download the Reed Hungary salary guide? This is the most reliable salary guide in Hungary, based on jobs that come to our specialist recruitment team. On top of this, our guide features insights from our specialism experts who give an overview of the recruitment on a national level and what to expect from the jobs market in 2023. With data at your fingertips, you can ensure you are best informed to make the right choices. Benchmarking: how can Reed’s salary guide help evaluate benefits/rewards? We surveyed 298 Hungarian workers about both their current and ideal working situation to help further inform you. You can read the full highlights in our ‘Our survey says’ section of the guide. Key findings from our research include: 41% of workers surveyed are still happy with what they receive, but more than a third of professionals (37%) are unhappy with their current salary. Of those who believed their pay was adequate, 73% said it was right for the work they do; 31% said they earn at least as much or more than others in their profession; and 27% believe it gives them enough to live comfortably. Almost as many respondents (37%) are unhappy with their current wage, with 53% of those pointing to the belief they could get paid more elsewhere. 60% indicate they do much more than their job role states, and 87% are unhappy due to their salary not rising alongside the cost of living. With professionals caring about their work-life balance in the aftermath of the pandemic, it is unsurprising flexibility is so desired – 69% of respondents would prefer a hybrid working style, while 24% would like fully remote work. Where health insurance might have been at the forefront of workers’ minds in recent years, only 27% now say they would find it an attractive benefit. The pressure of financial difficulties is changing ideas about what constitutes a worthwhile benefit, with annual salary increase (58%) top of the list. To help you make an informed choice about salary and benefits, download our salary guide using the button above.
Getting the best from your interview
Interviews give your potential employer the chance to see you – in the flesh, or remotely over a video call – to learn about your likes and dislikes, capabilities, and get an overall feel for whether you will fit in with the organisation.However, getting the best from the interview doesn't just mean showing your best self to get the job - it also means using the opportunity to assess the environment you will be working in, those you will be working with and for, and making it clear in your mind whether the job and organisation are right for you.First interview, second interview, face-to-face interview, telephone interview, video interview: whatever the type of interview they all have one thing in common – you have the opportunity to shine."To be a great champion, you must believe you are the best. If you’re not, pretend you are."Muhammad AliWhat's inside the guide?You may be the most knowledgeable professional for the job, but without performing well at an interview you won’t stand a chance of securing your next role.The guide takes you through the following:Getting to grips with the organisation you could be working forDress codeDifferent types of interviewTackling common first interview questionsThe big daySecond interviewsPreparing for a presentation taskOn-the-day tasksBy downloading this guide, you will learn the tips and tricks on the interview process which will help you to make the most of the short time you have to sell yourself.
Reed’s Hungary salary guide 2022
Looking for 2023 salaries? Pre-register for a free copy of our 2023 Reed Malta Salary Guide today and we'll notify you as soon as it's launched.With the economy beginning to recover from the impact of Covid-19, businesses are starting to increase investment in all operations, including recruiting new staff to boost growth. This investment has led to a surge in demand for new employees. Given the need for talented professionals is rising across the country and it is vital companies understand the salaries and benefits they need to offer to attract and retain talent. Reed’s Hungary salary guide 2022 provides the information both organisations and professionals need to understand the market rate for poplar jobs. Who should read the salary guide? The salary guide provides important – which is important whether you are an employee, jobseeker or employers. If you need a benchmarking tool to align your compensation packages for current employees and prospective hires, then this guide will provide you with the right insight to do the job. The competitive recruitment landscape means that organisations who fail to research the market rate will lose talent to competitors offering better remuneration packages. With the economy rebounding, if you are actively searching for jobs or looking to understand your worth, can calculate the salaries and benefits they could receive in a new role. What sectors does the Reed salary guide cover? The guide covers all six of Reed’s specialist recruitment sectors in Hungary, providing information on roles across all seniorities. From customer service representatives, to finance managers, we have tracked salaries for the most popular jobs across these industries. Reed’s Hungary salary guide 2022 covers the following sectors: Accountancy & finance Business support Human resources Multilingual shared services Sales & marketing Technology Why should I download the guide? “The pandemic not only altered the way we work but changed what many professionals are asking of their employers. As the demand for talented, qualified employees across Hungary increases, candidates are aware of this and have raised their expectations for salary and benefits.” - Klára Pethő, Area Manager, Reed As Klára states, with professionals’ expectations raised, employers must re-evaluate what they need to offer to satisfy their demands. Reed’s Hungary salary guide 2022 contains four years’ worth of salaries, including minimum, maximum and average salary figures for 2022 – allowing organisations to understand what they should be offering and individuals to know what their market value is. Along with salary data for jobs in each of Reed’s six sectors, our industry experts provide you with insight into key developments and interesting trends across their area of expertise. In addition to salaries, our recruitment experts also outline the benefits packages which are effective in attracting professionals and examine the impact increased flexibility and remote working have had.
Top 10 soft skills you need to work in finance
When searching for a role in finance, it's often not what you know, but what you can offer. Job hunters have long been told to list, and give prominence to, technical skills on their CVs, but finance sector employers are increasingly looking for candidates with interpersonal abilities known as ‘soft skills'. Demonstrating these 10 characteristics will help candidates prove their value in the workplace.10 soft skills to help you prove your value in the workplace.1. CommunicationEarlier this year, analysis by LinkedIn showed that 57.9% of new hires who changed jobs in 2014-15 listed communication as one of their strong suits. Good communicators are in demand across a range of industries, and they're vital in fields that require employees to explain their specialist knowledge to others. An aptitude for number crunching won't get you far in finance if you can't justify and explain your calculations.2. NegotiationWhether you're closing a deal or managing expectations, it's important to know how to fight your corner without ruffling any feathers. An aptitude for negotiation will allow finance professionals to reach an agreement that benefits all parties. Failure to compromise effectively can create frustration and damage interpersonal relationships or, at worst, result in loss of revenue for a business. Having a demonstrable knack for negotiation will put you ahead in any financial enterprise.3. InfluencingFinance professionals must be prepared to explain how their objectives are mutually beneficial and anticipate objections. If, for instance, an investment banker wants to sell off a stake in a joint venture, he or she must be able to show how this will benefit the bank – even if some colleagues disagree.4. Critical thinkingA critical thinker objectively analyses or conceptualises a situation from a balanced perspective. Often, customers and clients will look to financial professionals to rationally evaluate a scenario – be it a ledger or the performance of a stock. In fast-paced business environments, a poorly thought-out decision can cost a company time and money. So the ability to make critically-informed choices is crucial for modern finance professionals.5. FlexibilityFlexible employees are capable of weathering change and staying productive in high-pressure situations. Good stockbrokers provide the most dramatic example of this: their day-to-day work revolves around coping with constant fluctuation and determining the best course of action. However, cultivating a flexible mindset also means being able to see through the eyes of others and understand their motivations. A flexible finance professional will always ask: "Why might someone think this way?"6. ResilienceResilience refers to one's ability to bounce back after facing adversity. While this is an important skill in any workplace, it's especially important in high-pressure situations. Being able to cope with changing circumstances, having confidence in your ability to deliver and thinking carefully about what you're trying to achieve can prove valuable – particularly in financial roles.7. CollaborationIt's no secret that top-level financiers are on the lookout for team players. A recent survey by Adaptive Insights showed that 70% of chief financial officers considered collaboration to be their top priority for 2016. In the financial sector, it has become increasingly common to work across multiple teams and geographies to achieve a shared goal. Someone who approaches group-working scenarios with an open mind and a willingness to listen will benefit any team.8. Problem solvingEffective problem solvers identify the issue at hand, weigh up their options quickly and make a firm decision about the best course of action. Those who excel at problem solving can really drive an organisation forward and will earn the respect of their colleagues by offering meaningful input in even the toughest situations.9. DedicationDedication is fierce commitment without the expectation of returns. Rather than becoming overwhelmed by a single task, dedicated workers will devote themselves from start to finish. Discipline, hard work and acceptance of delayed gratification are key ingredients in developing the dedication mindset.10. EmpathyIt's a common misconception that roles focused on data and numbers require a detached approach – empathy should never be undervalued in finance. Clients often seek financial advice during stressful life events, and dealing with someone who has suffered a loss requires a different approach from a couple seeking their first mortgage.An empathetic person shows that he or she cares. In displaying understanding, finance professionals will also build trust in their relationships with co-workers and clients.It's not enough to simply tell an employer you have the soft skills they're looking for. Instead, strive to demonstrate your skillset by offering up examples from previous job roles and highlighting talents you've developed outside of the workplace. Remember, employers are always seeking the right personality for the job – not just a list of positions and qualifications.How to identify your own skills:Reflect on your reactions to tense situations at work and compare them to those of managers and co-workers you admire.Prepare answers to interview questions that screen for soft skills, such as those about workplace experience in problem solving and collaboration.Ask current or past colleagues to evaluate your strengths and weaknesses. They may be able to offer insights you hadn't previously considered.Consider your strengths in relation to the job you want to apply for so you can be confident about the criteria you already fulfil and areas that you can develop on the job.How to acquire new skills:Make a conscious effort to improve your soft skills every day – remember, they're attributes to develop, not innate qualities.Take up skill-building hobbies in your leisure time. Something as simple as a cooking class might prepare you to prioritise tasks and work under pressure.Ask for help and feedback from colleagues and senior staff in your workplace.Enrol in a course designed to build soft skills, such as those offered by Reed.
Five things you need to know about pre-employment credit checks
It’s becoming more common for employers to perform credit checks on candidates. The number of workers being rejected for jobs because of bad debt is on the rise, and has become the most common reason potential employees fail their vetting test. To understand the what and the why, we ask Director of Reed Screening, Keith Rosser, five key questions about pre-employment credit checks.1. What is a pre-employment credit check?“There are a range of checks you can carry out on a candidate, and these inform an important part of the recruitment process. They help employers to understand the financial situation of a candidate – to help them reduce the risk of employee fraud – as well as helping to comply with law.”2. Why should employers perform credit checks?“Many employers would argue that assessing a candidate’s financial situation reduces the risk of fraud being committed. There’s a school of thought that the ‘bad debtor’ classification indicates the person may commit fraud in future. This is challenging as there are many cases where people with no debt go on to commit fraud. While predominately used in the financial sector, an increasing number of employers in other industries are performing pre-employment credit checks, such as healthcare and engineering.”"The number of people rejected for jobs because of bad debt has grown 7% since 2016."3. What is looked at when performing a credit check? “A typical pre-employment credit check will check public and private databases for a candidate’s Court Judgements, bankruptcies, voluntary arrangements, decrees and administration orders, as well as the candidate’s electoral roll registration to confirm their current address. However, it should also be taken into consideration that debt levels across the UK have risen because of economic factors largely out of the candidate’s control.”4. What can a candidate do to aid their credit screening when they apply for a job? “Candidates can check their credit reports easily online, but for many, it won’t have crossed their mind that an employer might check. Make them aware of the fact and tactfully advise that they should be keeping an eye on their financial health with simple things like making sure they’re meeting monthly payments in a timely fashion. As there is no standardised approach to pre-employment credit checks, requirements can change between companies – which is why we are lobbying for a universal approach.”"Candidates can easily check their credit with free reports readily available online."5. What services do Reed provide? “Reed is one of the largest pre-employment screening businesses. As part of a commitment to reducing risks and with our roots firmly in recruitment, Reed uses market knowledge and expertise to recommend a background screening package that best suits the needs of your business.”Get in touch today to find out how our additional services can benefit your recruitment strategy.
How to create a great recruitment strategy
Getting your recruitment strategy right is key to hitting your business goals. Here are some expert tips to help you set up your company for success – and the shortcuts to keep you ahead of your competition.What is a recruitment strategy?A recruitment strategy is a clear plan that explains what roles you’ll recruit for, when, why and how. It should be tied to your overall company objectives.Your strategy must be possible to implement and easy to communicate. While you can tweak your tactics, the strategy must always be clear.Unsure how many employees you’ll need? Hiring temporary staff helps you expand quickly and risk free.The core aspects of a great recruitment strategyGrowth PlansIn order to scale up your workforce, you’ll need to hire – which takes time and resources.Create a measure to help you identify which areas of your business will benefit most from increased headcount.This could focus on return on investment or opportunities lost.Shortcut: Unsure how many new employees you’ll need? A recruitment agency will give you access to temporary staff and contractors to help you expand quickly and risk free.Employer BrandMake sure your employer brand and message are attractive to your target audience, particularly over social media. A well-known brand is a big selling point to talented job hunters.Be open and transparent about the company’s working culture to ensure you attract candidates that will match your business.Shortcut: If your brand isn’t well known, a recruitment agency can contact candidates directly and spend time promoting your employer messages.Skills AuditUse your company objectives to identify developing areas of the business, then decide on the skills you will need to succeed.Your recruitment strategy should include ways to find and bring new skills into the company.Employers often focus on advanced digital and technical skills, but you should also consider bringing in candidates with different experiences.Shortcut: When interviewing for a role you’ve never done yourself, your recruitment consultant can offer interview tips and support to build your confidence."You can tweak your tactics, but your end goals must be clear."FlexibilityIf your company needs to adapt quickly to an unpredictable market then hiring permanent staff may not be the right option.Your strategy should include a plan for temporary staff and contractors to cover projects that are likely to change at short notice.Shortcut: Unless you already have an advanced payroll function, it makes sense to ask your recruitment agency to manage payroll for your temporary workforce. They look after tax, holiday pay and even pension contributions – saving you a lot of hassle.When to review your recruitment strategyYou should always be thinking about how you differentiate your company from your competitors, and how you can be a more attractive prospect for potential candidates.Pay close attention to all aspects of the recruitment process, and make tactical tweaks throughout the year when necessary – while holding firm to your recruitment strategy.You should review your overall recruitment strategy annually to make sure it ties in with your wider business objectives. It’s important that everyone in the company understands your goals – so be clear and concise about what success looks like and how you will get there.