Employment Contract
When you operate a Hungarian company, planning your budget should include planning for payroll costs. Depending on your business model, you might need to apply wage supplements from time to time, so it is worth getting familiar with them.
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This year, the minimum wage was increased by 15%, while the guaranteed minimum salary by 10%. No changes were made to payroll taxes in 2024, but there have been some changes to the SZÉP Card.
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Starting from 1 November 2023, a new residency option will become available to third country nationals coming to work in Hungary. The new “guest worker residency” promises a simplified procedure in exchange for some the curtailment of some rights, but only people working for specific employers and in specific projects will be eligible.
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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.
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Unlike quiet quitting, quiet firing can actively hurt your business many ways. It is a mismanagement of your work force, since it affects not only the employee that is a target of this practice, but also the entire business. Read on to learn how it works and how you can build a better organization.
The post What is quiet firing? Is it a good idea for your business? appeared first on Hungarian Work Permit.
Quiet quitting is a new term that started circulating over the last year or so. It refers to employees doing the bare minimum at their job, as if they were already considering quitting – a behavior that gives rise to frustration among employers. What can you do against it? Get a better idea below.
The post What is quiet quitting and how does it affect your employees in Hungary? appeared first on Hungarian Work Permit.
Employees often have very specific, special skills which an employer might not want to see in the service of the competition. In such cases, a non-compete agreement can be drawn up. Read on to learn how that works.
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Severance pay refers to a payment an employee shall receive upon termination of their employment. In Hungary, it applies after at least 3 years of employment, while a few other conditions must be met too.
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With the ca. 15% increase to minimum wages in Hungary, you must make sure that the salaries you pay your employees are still above the required minimum, and adjust salaries and labor contracts as necessary.
The post Salaries and payroll taxes in 2023, Hungary appeared first on HELPERS.
When planning for salaries in Hungary, you should keep in mind the various tax benefits available to employees. Since they increase net salaries without extra costs to the employer, they also function as incentives for employing certain demographic groups. Tax benefits and gross salary The tax benefits available in Hungary apply to everyone who is […]
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