The main goal of wage increases this year is to retain employees

Companies that previously expected a 5 percent wage increase typically ended up increasing it by a higher amount, 6-10 percent. In 2023, fewer, but still the majority of companies (62%) are planning a wage increase, which will typically affect the entire organization, and the amount is more likely to fall between 6-10% even based on plans, according to the latest survey by Profession.hu.

In the latest research, Profession.hu examined the wage development plans of companies and, in parallel, the expectations of employees in this regard. In 2021, 70 percent of companies, and 70 percent a year later, stated that they planned to increase their employees’ salaries. Companies mentioned an average wage increase of 9.2 percent in 2021 and 9.7 percent in 2022 at the beginning of the year, but in the end, last year’s average wage increase was higher, at 12.7 percent. This year, an average of 12.2 percent is planned.