GKI: how companies protect themselves against cost increases due to mandatory wage increases?
The corporate survey of the GKI Economic Research Co. in February interviewed the companies how they avoid cost increases caused by the minimum wage increase.
In terms of an average company, the raising of norms is the “most popular” technique, to mitigate rising costs caused by the mandatory wage increases. Almost every third company raised the norm. This is not surprising since it is the easiest way to avoid the decline of the employees’ working hours (so the total output) will not be reduced, and simultaneously, the employer can comply with the statutory obligations. A quarter of companies trying to ease the burden by using temporary workers. In addition, 14-19 percent of the companies to reduce the official working hours (the number of gray employers will increase), or classify employees to another job or decreases the cafeteria and lay off people.
Related news
The GKI business climate index increased slightly in April
According to a survey by GKI Economic Research Ltd. –…
Read more >Earth Day: Climate awareness among the Hungarian population is on the rise
April 22 is Earth Day, so the domestic perception of…
Read more >GKI expects a 2-2.5% economic growth in 2025
GKI Economic Research Zrt. forecasts a 2-2.5% GDP growth for…
Read more >Related news
Márton Nagy: the government would introduce margin restrictions for stores selling household goods
The government may discuss on Wednesday and is expected to…
Read more >More expensive Barbie, thinner Heinz – Trump’s tariffs redraw the global consumer market
The impact of Donald Trump’s tariff policy is affecting more…
Read more >The Hungarian Food Bank Association is organizing a record-sized food collection on Friday and Saturday
At the Friday and Saturday fundraiser organized by the Hungarian…
Read more >