• Home
• Channel: Business
• Only 1/4 of Companies Plan on Year-End Bonuses in Hungary

Only 1/4 of Companies Plan on Year-End Bonuses in Hungary

• 27 Dec 2023 7:04 AM
• Budapest Business Journal

A quarter (26%) of the domestic companies classified as competitive plan to distribute year-end bonuses to their employees, the Economic and Entrepreneurship Research Institute of the Hungarian Chamber of Commerce and Industry announced its latest survey, during which 1,825 domestic companies were asked about the benefits provided to their employees.

This practice is widespread primarily among larger, partially foreign-owned, as well as industrial and commercial companies.

In addition to regular non-salary benefits, businesses also have the option of giving employees one-off, occasional rewards, such as a Christmas bonus at the end of the year. 

Despite this, two-thirds (68%) did not take advantage of this opportunity this year, while only 6% said they had already given such a one-off benefit to their employees during the year.

MTI Photo

• How does this content make you feel?
• I love it
• I like it
• I dislike it

• Year-End Bonus Christmas Company

XpatLoop Media Partner

Budapest Business Journal

Hungary's largest and oldest source of business and financial news in English. Since 1992 it has presented essential information on Hungarian business life, including international analyses about the country. These days the BBJ newspaper is published every other week, while it releases daily business news online including premium paid content.

Explore More Reports

One of Asia's Biggest Food Firms to Build HUF 31 Billion Frozen Dumplings Factory in Hungary

• 21 Nov 2024 12:21 PM

South Korean-owned CJ Foods will build a HUF 31bn food plant in Hungary, Minister of Foreign Affairs and Trade Peter Szijjarto announced.



Hungarian Transport Ministry “No Longer Friends” With Siemens As Train Maintenance Breaks Down

• 21 Oct 2024 3:53 PM

János Lázár, Minister of Transport announced a railway renewal worth hundreds of billions of forints. However, new Siemens Desiro motor trains continue to rest in a garage. According to the national railway company, their refurbishment is stalled “due to disruptions in the supply of spare parts, which also affect Austria”.



Why Revolut US Being Urged to Set Up Local Unit in Hungary by National Bank

• 18 Oct 2024 8:27 AM

The MNB has again urged fintech company Revolut to establish a subsidiary in Hungary, which would allow its clients’ savings to be covered by the National Deposit Insurance Fund (OBA).



Magyar Posta Restructuring in Hungary A 'Success'

• 16 Oct 2024 6:41 AM

Hungary's state-owned postal company, Magyar Posta, has undergone a successful restructuring that has transformed it into a well-functioning, self-sustaining public service provider that can also hold its own on foreign markets, chairman-CEO Barnabas Balczo said at a vehicle handover.