Almost a third of domestic companies will start the next year with an increase in staff
Although there is still a lot of uncertainty regarding the path of the economy next year, in the first quarter of 2024, 31 percent of domestic employers plan to expand their current workforce, while 21 percent predict a reduction. During this period, job seekers can expect a lively demand for labor mainly at companies operating in the IT, financial and real estate market fields, according to Manpower Hungary’s Labor Market Forecast published today.
ManpowerGroup conducted its quarterly survey of more than 40,000 employers in 41 countries around the world, in which a representative sample of 525 employers in Hungary were asked about their hiring intentions in the first quarter of 2024.
The seasonally adjusted Net Employment Indicator (NFM), derived from employer responses, reached an average value of 10 percent, which is 2 percentage points lower than the previous quarter’s value, but 20 percentage points higher than the -10 percent level a year earlier. Out of the 41 examined countries, Hungary saw the greatest improvement in company headcount change expectations on a year-on-year basis.
The 12 percent increase in the number of employees is a national average from which there are significant differences when examining the individual regions. The largest increase in staff is expected in the Southern Great Plain (NFM: +21%) and the Northern Great Plain (+17%), but in Central Hungary (+13%), Budapest (+13%) and Northern Hungary (+11%) ) are also above the national average. At the same time, the outlook is more gloomy in the regions of Transdanubia: in Southern Transdanubia (-8%) more people expect to be laid off than hired, and in the other areas of the western part of the country, neither a significant increase nor a decrease is expected.
Related news
Companies are recruiting more cautiously now than they planned at the beginning of the year
The average number of applicants remains particularly high in the…
Read more >The GKI business climate index decreased slightly in July
According to a survey by GKI Economic Research Ltd. –…
Read more >Trenkwalder: the average hourly wage of manual workers has increased further
The average gross hourly wage of skilled and trained workers…
Read more >Related news
Chicken is getting more expensive, eggs are getting more expensive – this is what awaits Hungarian consumers now
A significant price increase has taken place on the domestic…
Read more >2025 brought an unpredictable season to the stone fruit market
The 2025 stone fruit season is characterised by contrasting trends…
Read more >Top 10 Places for the Best Cottage Cheese Dumplings in Hungary
There’s a dish that transcends generations, evoking both the nostalgia…
Read more >