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Reversed trend? People from Slovakia come to work in Hungary
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Wages of the main contenders in the Hungarian industry have increased over the last few years and now have reached a level even higher than that of Slovakia. This wage advantage of the area near the border could increase further next year, but only if the forint does not weaken any more compared to the euro.
In the past two years, many workplaces have closed either temporarily or permanently all over the world. According to Világgazdaság, many factories of the automotive industry had to suspend their production or shut down entirely in Slovakia. Csongor Juhász, the executive manager of the Prohuman temporary employment agency said that therefore, many people have lost certainty of earning wages and have opted for commuting and working in Hungary.
The executive manager added that there are several prospering companies near the borders with a long history of operations that provide competitive wages compared to Slovakia.
In some cases, these workplaces require less travel for workers than commuting in Slovakia and they provide fair work environments and have established really good bonus schemes for their workers.
Világgazdaság says that the wage level of Central and Western Transdanubia have already surpassed that of the Pozsony and Western Slovakia regions in 2018.
Next year’s minimum wage agreement was signed in Hungary
Zoltán Matheika, leading researcher of Kopint-Tárki highlighted that it is especially true if the lower rate of personal income tax is also considered.