Business

Bank holidays in Hungary in 2024

Learn about all the holidays and special days when your business is supposed to be closed, or when special wage supplements need to be provided to employees working on these occasions.

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Salaries and payroll taxes in 2024, Hungary

Like every year, minimum wages have recently been adjusted to offset the impact of inflation. The minimum wage was increased by ca. 15%, and the guaranteed minimum salary by ca. 10%. There have been no changes to payroll taxes in 2024. At the same time, there are some new features for the SZÉP Card.

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Minimum wage in Hungary in 2024

The Hungarian government has announced the minimum wage and the guaranteed minimum salary for 2024. The gross minimum wage will increase by 15%, and the guaranteed minimum salary by 10%. The increase is implemented early, as of 1 December 2023.

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Heating at the office – winter work safety in Hungary

While fall is warm and mild this year, we are already in the season where heaters will inevitably be switched on all over Hungary. Since temperature is an essential element of an appropriate working environment, heating at the office will play an important role in the health as well as the productivity of your employees.

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Labor contract at your Hungarian company

When are you planning to make the first hire at your Hungarian company? Your new employee will need a labor contract that defines the employment relationship between the two of you, and protect the rights of both the employer and the employee. Let’s take a closer look at how that works.

The post Labor contract at your Hungarian company appeared first on Company Formation.

Expected yearly average inflation in Hungary in 2023

Based on data from 2022 and H1 2023, analysts expect yearly inflation in Hungary to be reduced below 10% by December. Even in the worst case scenario, the yearly average inflation in 2023 will not be higher than 19%.

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Job description in Hungary

Every employee at your Hungarian company must have a job description. This is a separate document that details their actual tasks, which you must give your employees within 15 days after they start.

The post Job description in Hungary appeared first on Hungarian Work Permit.

What does career cushioning mean for your Hungarian employees?

Another recent buzzword in HR is “career cushioning”, which, from the perspective of the employer, is mostly about how employees stay on the lookout for new opportunities at different organizations. However, it also has various side effects that actually benefit your business.

The post What does career cushioning mean for your Hungarian employees? appeared first on Hungarian Work Permit.

Air-conditioning at the office – Summer work safety in Hungary

Summer is on us, which means air-conditioning is being turned on in most offices and other places of business. Since the temperature of the work environment affects the health as well as the productivity of the work force, it is regulated by law to ensure the well-being of your employees.

The post Air-conditioning at the office – Summer work safety in Hungary appeared first on HELPERS.