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

By: Trademagazin Date: 2024. 11. 18. 10:26

The end of the year is fast approaching, which always creates a turbulent period on the labor market. Many people are struck by the wind of change and decide to change jobs, while companies develop their workforce management plans for the next year during this period, be it an increase in the number of employees or downsizing. Compared to 2022, the proportion of employees planning to change jobs has increased by nearly 10% this year.

Termination of the employment relationship is largely done by mutual agreement, however, both parties are often unprepared in such a decision-making situation. While in many cases employees are not aware of their rights and make hasty decisions, employers do not pay enough attention to the wording of the agreement and do not consider the possible consequences – points out Dénes Rajmund Roland, head of the Human Centrum HR service company group.

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 proportion 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 manager of the Human Centrum, Dénes Rajmund Roland.