German Chamber: a rise in Hungarian wages is expected next year

According to international companies operating in Hungary, in 2018, Hungarian wages are expected to rise further, because wage continues to be a determining factor in the competition for skilled labor force – Sághy András, Country Manager of the Kienbaum Consultants International consulting firm emphasized on Monday in Budapest.

The Kienbaum Consultants International and German-Hungarian Chamber of Commerce and Industry (DUIHK) revealed their annual survey on the wages in 2017-2018 for the 19th time. 16 thousand job datas were processed in the survey among mostly DUIHK member companies.

Dirk Wölfer, DUIHK Communications Manager, pointed out that the survey found that 75 percent of respondents were dissatisfied with the number of skilled staff available, while 56 percent of companies reported increasing their investment and 61 percent employing more people.