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
GKI is more pessimistic than the government about growth, inflation and public finances
GKI hasn’t changed its 2-2.5% growth forecast for 2024. However,…
Read more >The economic index of GKI decreased in April
According to a survey conducted by GKI Gazdaságkutató – with…
Read more >Twenty years in the EU: how has Hungarian consumption changed?
On 1 May 2004 ten new member states joined the…
Read more >Related news
What do shoppers say about the new retail tools?
At the beginning of the year, Consumer Panel Hungary GfK–YouGov asked panel…
Read more >Special foods ranking: 1. Diabetic, 2. Low-carb, 3. Lactose-free
Different special diets and foods are frequently discussed, and it…
Read more >Community in the community
The recent MasterWorks business workshop of Hungarian Product Nonprofit Kft.…
Read more >