Migrant Workers from Asia Expected in Hungary

There are no signs of a crisis on the labor market for the time being, but the wage pressure is so great due to inflation that HR departments are now citing this as the most pressing issue to address, Zoltán Karácsony, a job market expert at HR Portal, told the business news portal Világgazdaság [‘World economy’].

The expert noted that high inflation has caused many companies to bring forward wage increases, which were otherwise scheduled for September, to June, after the increase at the beginning of the year was practically eaten up by inflation. But as the article shows, it is not only the rise in consumer prices, but also the shortage of labor that is driving up wages, which is also the reason why wages in the sectors affected by the problem are rising steadily.

The expert also said that there are no signs of a crisis yet, with temporary employment agencies continuing to receive a flood of orders, mainly from third countries. There are currently three main target countries for recruitment: the Philippines, Mongolia, Vietnam and also, more recently, Kazakhstan. He noted that these are all labor needs, a significant part of which is not reflected in job advertisements.