The period of layoffs is approaching: more people than usual may change jobs at the end of the year

Compared to the Great Resignation year of 2022, the proportion of employees who plan to change jobs within a year has increased from 19% to 28% in 2024. According to the expert of the Human Center, the fact that only a small percentage of Hungarian employees – according to the latest PwC research – only 25% – feel that their financial situation is stable can also contribute to this rising trend.

“In addition to the current economic situation and existential uncertainty, timing is also a factor that cannot be neglected. During the thirty years of operation of the Human Center, we have noticed that the number of resignations typically increases as the end of the year approaches, but there is still a lot of ignorance regarding the possibilities of termination and employee rights.

– adds the company manager of Human Centrum, Dénes Rajmund Roland.

The trump card for terminating the employment relationship: mutual agreement

According to the Labor Code, the employment relationship can be terminated by mutual agreement, termination and immediate termination. Among these, mutual agreement is the most popular form of termination of the employment relationship, if only because it is the most suitable to take into account the interests of both the employer and the employee, especially if both parties are inclined to terminate the employment relationship. It has a clear advantage that it is not subject to the rules of termination or immediate termination: for example, the employee can leave his employment without serving the relevant 30-day notice period and can start at his new workplace earlier, and the employer does not need to provide a reasoned issue a notice of termination.

“Of course, the employer must provide some kind of explanation as to why they no longer intend to work with the employee. This reason can be the employee’s behavior in relation to the employment relationship, for example if he is regularly late, or a reason related to his ability or the operation of the company, such as downsizing, group downsizing, organizational transformation, termination of a job or closure of a location.”