It turned out how much the factory managers are earning in Hungary
Today, according to Wyser research, factory directors earn over HUF 3 million gross, but the salaries of technical directors are close to two million. However, according to the survey, the basic wage is not the most important in manufacturing, and managers are influenced by a number of factors in changing jobs. Many people would like to work in the countryside, they like European and Hungarian-owned companies, and they can even be seduced by multics with a favorable offer, according to a press release from Wyser Technology.
This year, executive salaries will increase by more than 10 times in production, according to Wyser research. The largest wage increase went to those working in research and development, where earnings increased by more than 13 percent. All this points to the fact that the industry continues to see dynamic wage growth, which is also prevalent among its leaders. The salaries of the factory directors have now exceeded the gross HUF 3 million, followed by the technical directors with HUF 1.9 million. Managers working in classical functional areas – e.g. engineering, quality assurance, research and development – they can expect an average salary of 1.6 million.
However, the research shows that for managers, the base salary is not the most important factor when deciding on one: the bonus, the company culture, the sector, the location, and the background of the company.
Only 50 percent of respondents say the basic salary is important, meaning that there are larger, more significant elements in the ideal benefit package. For 90 percent of those surveyed, it is important how much bonus they can expect Said Bence Szalai, Head of Wyser Technology. So these professionals are confident enough to be able to achieve their goals, so they try to steer their benefits package toward performance-based pay. Pension insurance, a-savings and the share package are also especially important pensions.Working from home would be important, but many companies have not established themselves. It is therefore a growing tension among managers working in manufacturing that homeoffice is still not widespread, and it is now possible to work from home in almost every segment of the economy. In the case of managers and engineers in production and production, the shift towards homeoffice indicates the people’s focus on the company, but due to its lack, the commitment of the owners may be questioned.
Although many people think that Budapest’s dominance is unquestionable, Wyser’s research suggests leaders are also open to rural positions.
Fifty-five percent of respondents would even move out of town because of a better offer, project, more innovative technology, or professional challenge. However, wages vary by region. According to the general market situation, as we move from Eastern Hungary to Western Hungary, salaries will increase. The salaries of Szabolcs-zatmár-Bereg county are at least 20 final lower than the earnings of Győr-Moson-Sopron county, in the same position.
The automotive industry is the most attractive sector where more than 70 percent of respondents would like to work. The automotive industry has long been a dominant player in the Hungarian manufacturing industry, a classic pulling industry, and strives for continuous renewal. It’s going through a major transformation right now, but it seems to be more appealing to workers than it would be seen as a risk.
The second industry is electronics, which is more crisis-proof than car manufacturing. Interestingly, third place went not to a classic sector such as plastics or metalworking, but to the aerospace industry, where passenger and air transport are gaining momentum.
Leaders are attracted to the development of innovative technologies and products, renewable energy and electric cars, and smart systems that make it easier to attract talent. And with greenfield investments, you can create something new that is always exciting.
The most sympathetic corporate culture for managers is German, nearly 70 percent of respondents would like to work for companies with such a background, which could be for historical reasons. According to the research, the second most popular corporate culture is Scandinavian, which is similar to German but more people-centered.
55% of the respondents would like to work for a company with a domestic company, which shows that Hungarian companies are also able to enjoy such favorable working conditions, standards and career prospects as Western multinational companies.