GKI: labor shortage is the most acute at small companies
Mostly, firms employing fewer than 20 people are looking for manpower, they could employ about a quarter more than the existing staff number – the GKI Economic Research Co. announced on Wednesday, on the basis of the November business survey.
These companies have typically domestic shareholder base and are mainly working for the Hungarian market and therefore they are highly cost-sensitive. According to GKI, they are only able to give lower wage increases and therefore it is hard for them to retain the employees. These companies (staff betweeen 5 and 20) employ almost 600 thousand people in Hungary. (MTI)
Related news
GKI: Digital competences in Hungary
In today’s information society, digital competences are valued on the…
Read more >55% of Gen Z have made an online purchase while browsing social media
A new survey from Walmart and Morning Consult indicates that…
Read more >Cheeseburgers have become too expensive
McDonald’s reported a drop in sales in the second quarter…
Read more >Related news
A new office responsible for food safety and retail trade can be established under the leadership of Márton Nagy
A new top organization called the National Trade Office could…
Read more >K&H: Almost two-thirds of businesses are planning development
The majority of domestic micro, small and medium-sized enterprises, 61…
Read more >KSH: industrial production fell by 8.2 percent in June
In June 2024, the volume of industrial production was 8.2…
Read more >