Changes on the labor market – who knows and what? And how much is the knowledge What is important for the job seekers in 2020

The rule of the digital environment or it doesn’t matter where the meeting will be. The IT and engineering sectors had the lowest number of active jobseekers in the summer (20% – “partially shielded from COVID”) and the highest for marketing, PR, management, and sales customer service jobs. While a significant proportion of firms still […]
Group of young adults, photographed from above, on various painted tarmac surface, at sunrise.

The rule of the digital environment or it doesn’t matter where the meeting will be.

The IT and engineering sectors had the lowest number of active jobseekers in the summer (20% – “partially shielded from COVID”) and the highest for marketing, PR, management, and sales customer service jobs. While a significant proportion of firms still evaluate the effectiveness of working from home, jobseekers appear to have already drawn conclusions. A home office is no longer just a trend, but a basic expectation for all age groups. The majority of job seekers (70%) target jobs that can be done in a digital environment. In addition, the importance of a diverse and inclusive environment has increased, “pushing” the operation of an environmentally conscious company as a value to the third place on the podium. Among young people, of course, the social responsibility of a company is always a very important value, but over the years spent the importance of family-friendly companies are becoming more and more important. Although 95% are still looking for a full-time job, applicants have become more flexible in terms of the type of employment: 30% would also take on a project contract.

Expectations remained: after 20+ years of work, a net salary is up to HUF 730,000.

According to the summer survey, white-collar workers would be satisfied with an average net salary of between 300,000 HUF and 400,000 HUF. While the net salary requirement of a career starter is between 220,000 HUF and 280,000 HUF, those with 20+ years of experience would ask for a minimum net 487,000 HUF or even net 730,000 HUF for their work. Of course, payment needs are further nuanced by whether it is an IT or other office position, or by applicants with any technical knowledge and how much-specialized work experience. Overall people with significant work experience (3-5 or 5-10 years in the same sector) measure their own market value by European standards – especially if they have degree and language skills. Based on their payment idea, they target the net range of 1,000-1,500 EUR, so about 350,000-500,000 HUF (another issue is that most of them will accept lower wages too).

How much is that?

While in recent years the market has been slowly moving towards that companies openly specify the pay band for jobs, 90% of job seekers now boldly enter expected pay demands. It is also typical that employers request information on payment claims at the moment of application. We can already see that “white-collar workers” have a very specific idea of the value of their own work, and their professional knowledge and strengths. They do not hide their goals and expect a similar attitude from a prospective employer.

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