According to experts, the labor market is transforming with unprecedented speed
The labor market is transforming with unprecedented speed, the processes are forcing both company managers and employees to constantly adapt – said the experts of the Magyar Nemzeti Bank (MNB) and PwC Hungary’s economic consultant at the labor market conference on Wednesday in Budapest.
Csaba Kandrács, the vice-president of the MNB, believed that knowledge and experience are no longer the primary thing when it comes to labor supply, but the skills necessary for the job, that is, employers are looking for employees who can be further trained in accordance with their expectations. According to his experience, job seekers value more than salary the compensation for extraordinary work, the subsidies that can be requested for individual life situations, and the fact that the employer ensures a balance between work and private life.
Csaba Kandrács added that the labor market must also prepare for the rise of digitization, automation, artificial intelligence, and robotics, as these will create new professions, while others will be transformed or even eliminated. However, despite all the changes, it is certain that human work will continue to be needed, which is why human relationships and skills, empathy, and problem-solving skills will never lose their importance. Regardless of the circumstances, employers must pay attention to ensuring that their employees have the opportunity to learn, the conditions for employee well-being, and the preservation of physical and mental health, he emphasized.
Related news
A new set of employee values is taking shape – or what does a “good workplace” mean today?
Randstad’s Workmonitor 2025 provides a comprehensive picture of how employees’…
Read more >MNB: The Monetary Council did not change the base rate
The MNB Monetary Council did not change the central bank’s…
Read more >Trenkwalder: the average hourly wage of manual workers reached 2,250 forints in the first quarter of this year
The average gross hourly wage of skilled and trained workers…
Read more >Related news
Nestlé rolls out KitKat chocolate tablets in Romania
Nestlé has launched a new 99g KitKat chocolate tablet line…
Read more >North Macedonian Discounter Stokomak Expands To Serbia
North Macedonia’s hard discounter Stokomak has launched its first Serbian…
Read more >Barilla debuts Al Bronzo collection
Barilla has announced the return of its Al Bronzo pasta…
Read more >