WHC Group: companies are in dire straits, there is a deadly fight for labor in many areas

By: Trademagazin Date: 2023. 04. 04. 07:47

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Despite the recent slowdown in the economy’s performance, the trend typical of recent years continues on the Hungarian labor market: many areas, especially the industrial production sector, are suffering from labor shortages. Based on the own experience of WHC Group, one of the largest domestic labor hire and recruitment companies, domestic enterprises still have a significant demand for labor, so the employment of guest workers from distant countries has become more and more prominent in the recent period.

Although, according to the national data of the KSH, the unemployment rate increased minimally in February – from 3.9 to 4% on a monthly basis – if we examine it regionally, unemployment continues to decrease in many counties, and there is not enough available labor. In some regions, there may still be reserves in human resources, but overall the Hungarian job market is still very tight.

Despite the economic challenges of the past year, the trend determining the country’s labor force remains unchanged: more and more foreign investments are arriving, which constantly require new labor, with which the country’s human resource capacity can no longer keep up. Mainly, industrial companies continue to struggle with labor shortages: in several professions, there are not enough skilled workers in our country.