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SALARYHUNGARY

MARKETGUIDE &

INSIGHT2015REEDGLOBAL.HU

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Introduction

Drawing upon independent research, the report provides valuable insights into the attitudes and concerns of professionals in the Hungary today. I hope this guide provides you with helpful insights and valuable guidance to assist you in dealing with the resourcing challenges our market may present this year.

Our specialist consultants are always happy to meet with you and discuss how we may be able to support you with your resourcing requirements, and answer any questions regarding particular issues such as local market expectations and the depth of the talent pool.

We look forward to working with you throughout 2015.

Best wishes

Andrew Finlayson Regional Managing Director, EMEA REED

Welcome to the Hungary Salary Guide & Market Insight 2015. This is a comprehensive report containing useful reference material and guidance to assist you in the increasingly complex task of recruiting and retaining high-calibre talent.

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Methodology Our Salary Guide and Market Insight report has been compiled using data from the following sources:• Assignments managed by REED Hungary

• Salary information from a cross-section of professionals registered with REED Hungary

The research was carried out using an online panel of 352 European employees and employers working in a variety of industry sectors and job levels.

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Shared Service Centres (SSCs) have become some of the fastest growing and best performing businesses in the Hungarian economy and currently employ around 30,000 workers. A number of leading global organisations – including the likes of BT, BP, Citibank, IBM and Vodafone, all operate centres in Hungary, which is in turn, helping to attract further investment. Thanks to this growth, which includes newcomers to the market as well as existing companies, candidates are firmly in the driving seat and can choose from a range of roles.

The competition for outstanding talent is therefore intensifying in Hungary and employers will have to continue to look at their all-round offering to ensure candidates are attracted. This should include benefits, flexible working opportunities, training programmes (especially around languages), home working and clear long-term career planning – in addition to the salary package. These are the types of key criteria that candidates will be judging organisations on and businesses found wanting will continue to struggle to recruit the expertise they require.

With more candidates now having a two or even three month notice period, employers also need to ensure that their recruitment processes are as efficient as possible, setting the wheels in motion as soon as the decision to recruit has been made. The speed around candidate decisions is very important too and can often be the difference between recruiting the right personnel and losing them to a competitor.

Skills GapsLanguage skills, particularly English, French, German and Nordic, continue to be recognised as an increasingly important employee skill – and those with who speak two or more languages will certainly be sought after. With a number of organisations looking to drive overseas growth, candidates displaying foreign language abilities as a willingness to re-locate for a role will also benefit.

Year aheadAs businesses look to capitalise upon positive economic signs, the level of job hires will continue on its recent encouraging path as we enter 2015. Start-ups and investment plans will fuel this growth, with the demand for technology specialists – particularly in mobile – noticeable. The recent surge in salary levels for such professionals will be maintained as companies compete for essential resource. And pressure to enhance salary levels will also be keenly felt across other important sectors such as engineering and pharmaceutical. Companies who can offer a combination of attractive and competitive salaries together with good benefits, a training ethos and career progression will be in an excellent position to recruit from what is generally recognised to be a shallow talent pool.

Hungary 2014 – A Year In ReviewWhile there are positive signs of better economic indicators feeding through to support a more buoyant jobs market, there is still real pressure on satisfying employer demand with suitably qualified, experienced and active candidates.

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Hungary 2014 – A Year In Review

Market Research

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The changing workplace

1-3 TIMES

4-6 TIMES

10+ TIMES

7-10 TIMES

61% 28% 8% 0%

36%Career

Advancement

5%Location move

6%Other

14%Better

compensation

4%Improved

work/life balance

3%Culture misfit with boss/colleagues

11%Redundancy/restructuring

19%Lack of job satisfaction

We asked professionals how many times they had changed their employer.

We asked those who changed their employer what the main reason(s) for their change was.

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Compensation & benefits

12%

Job security

16%

Positive company culture

12%

47%

8%

No, and I don’t plan to in the future

49%52%

Yes, I have

4%

40%

No, but I plan to in the future

The changing workplace 17%

of professionals are either Dissatisfied or Very Dissatisfied in their current roles.

38% of professionals are actively looking for another job.

Training & Development

9%A good

work/life balance (i.e. not having to work

too many hours)

18%

Job satisfaction

27%

EUROPE

HUNGARY

We asked those in Hungary which one of the following they would say is the most important aspect of their working life.

Asking people to think about their working life, we asked professionals whether they had ever changed their career path.

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Agree

19%76%

Don’t know

5%

Disagree

18% 9%

53%

NONE OTHER BENEFITSA PAY RISE

54%58%

A BONUSFORMAL TRAINING

We asked professionals which of the following benefits they had received in the last 12 months. More than one benefit could be chosen

We asked those in Hungary to what extent they agreed or disagreed that there is currently a skills gap within their organisation.

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34%

66%61%

39%

Yes, I would No, I wouldn’t

HUNGARY

EUROPE

32% 11%I would have selected a career

that I think would have given me greater job satisfaction

I would have delayed the start of my career to allow for more ‘life experiences’

11%I would have chosen a

career with a lower salary but better work life balance

7%I would have chosen to work for myself/ follow a

more entrepreneurial route

36%I would have

chosen a career which offered better long-term prospects in terms of pay and

benefits

Of those that said they would have chosen a different career path, we asked which of the following statements best applies. More than one statement could be chosen.

We asked people, if they had their time again after leaving compulsory education, would they have taken a different career path?

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Accounting & Finance Salary Figures

AccountancyMIN (HUF)

PER MONTH (GROSS)

MAX (HUF) PER MONTH

(GROSS)

ACCOUNTS ASSISTANT 250,000 320,000

JUNIOR ACCOUNTANT (1-3 YEARS) 300,000 450,000

ACCOUNTANT (4-6 YEARS) 400,000 600,000

FINANCIAL REPORTING ANALYST (4+ YEARS) 500,000 750,000

FINANCIAL REPORTING MANAGER 1,000,000 1,500,000

JUNIOR CONTROLLER 350,000 450,000

PRODUCT CONTROLLER (3+ YEARS) 400,000 550,000

FINANCIAL CONTROLLER (5 YEARS) 500,000 700,000

FINANCIAL CONTROLLER (8 YEARS) 750,000 950,000

CONTROLLING MANAGER 1,000,000 1,500,000

CHIEF ACCOUNTANT 600,000 850,000

PAYROLL ASSISTANT 300,000 500,000

INTERNAL AUDITOR 350,000 600,000

INTERNAL AUDITOR WITH REGIONAL RESPONSIBILITIES 500,000 800,000

INTERNAL AUDIT MANAGER 900,000 1,500,000

FinanceMIN (HUF)

PER MONTH (GROSS)

MAX (HUF) PER MONTH

(GROSS)

FINANCIAL ANALYST 300,000 500,000

FP&A (3- YEARS) 450,000 600,000

FP&A MANAGER 900,000 1,600,000

PRICING ANALYST 400,000 650,000

PRICING MANAGER 600,000 800,000

FINANCE PROJECT LEAD 650,000 780,000

TAX ANALYST (INDIRECT, DIRECT) 280,000 500,000

TRANSFER PRICING ANALYST 450,000 680,000

TAX MANAGER 1,000,000 1,700,000

FINANCE MANAGER (2-4 YEARS PQE) 1,200,000 1,800,000

FINANCE DIRECTOR / CFO (6+ YEARS PQE) 1,500,000 2,500,000

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Banking/InsuranceMIN (HUF)

PER MONTH (GROSS)

MAX (HUF) PER MONTH

(GROSS)

CREDIT RISK ANALYST 400,000 650,000

COMPLIANCE SPECIALITS 580,000 780,000

FRAUD MANAGER 900,000 1,300,000

CREDIT RISK MANAGER 1,000,000 1,500,000

WORKOUT SPECIALIST 400,000 600,000

INVESTMENT ANALYST 300,000 500,000

PORTFOLIO ANALYST 400,000 600,000

TREASURY ASSOCIATE 400,000 550,000

TREASURY MANAGER 800,000 1,400,000

UNDERWRITER 430,000 600,000

CLAIMS MANAGER 780,000 1,100,000

ACTUARY 400,000 600,000

CHIEF ACTUARY 800,000 1,200,000

FAKTORING SPECIALIST 380,000 550,000

PROJECT MANAGER (LEAN, SIX SIGMA) 750,000 1,300,000

PRODUCT MANAGER 550,000 800,000

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Executive Support Salary Figures

Human Resources Salary Figures

MIN (HUF) PER MONTH

(GROSS)

MAX (HUF) PER MONTH

(GROSS)

COMPENSATION AND BENEFITS MANAGER ( 3 - 5 YEARS) 500,000 700,000

COMPENSATION AND BENEFITS MANAGER (5+ YEARS, REGIONAL ROLE) 800,000 1,000,000

EMPLOYEE RELATIONS MANAGER 400,000 600,000

HR BUSINESS PARTNER 500,000 800,000

HR ADVISOR 300,000 500,000

HR ANALYST 250,000 350,000

HR ASSISTANT 250,000 350,000

HR CONSULTANT 400,000 600,000

HR MANAGER 700,000 1,200,000

HR DIRECTOR 1,000,000 1,500,000

LEARNING & DEVELOPMENT MANAGER 500,000 700,000

RECRUITMENT MANAGER 500,000 800,000

TRAINING OFFICER 300,000 500,000

TRAINING MANAGER 500,000 700,000

MIN (HUF) PER MONTH

(GROSS)

MAX (HUF) PER MONTH

(GROSS)

ADMINISTRATOR 180,000 250,000

EXECUTIVE ASSISTANT/PERSONAL ASSISTANT 350,000 550,000

LEGAL SECRETARY 300,000 500,000

OFFICE MANAGER 270,000 400,000

RECEPTIONIST 180,000 250,000

SENIOR ADMINISTRATOR 200,000 330,000

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Engineering Salary Figures

EngineeringMIN (HUF)

PER MONTH (GROSS)

MAX (HUF) PER MONTH

(GROSS)

QUALITY ENGINEER 280,000 550,000

PROCESS ENGINEER 280,000 550,000

PRODUCTION MANAGER 700,000 1,000,000

DESIGN ENGINEER 250,000 800,000

MAINTENANCE ENGINEER 280,000 700,000

PRODUCT SUPPORT ENGINEER 300,000 550,000

MECHANICAL ENGINEER 280,000 550,000

ELECTRICAL ENGINEER 280,000 850,000

PROJECT ENGINEER 400,000 700,000

MATERIAL ENGINEER 350,000 600,000

TEST ENGINEER 300,000 550,000

CHEMICAL ENGINEER 230,000 500,000

PROJECT MANAGER 700,000 1,000,000

CNC ENGENEER (SPECIALIST) 550,000 800,000

MOLDING ENGINEER 550,000 800,000

AUTOMATION ENGINEER 500,000 650,000

SERVICE ENGINEER 500,000 600,000

PLC ENGINEER 500,000 700,000

SALES ENGINEER 350,000 600,000

Other RolesMIN (HUF)

PER MONTH (GROSS)

MAX (HUF) PER MONTH

(GROSS)

PURCHASER/BUYER 350,000 800,000

DISTRIBUTION MANAGER 800,000 1,000,000

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Multilingual Shared Service Centres (SSCs) Salary Figures

Accountancy & Finance rolesMIN (HUF)

PER MONTH (GROSS)

MAX (HUF) PER MONTH

(GROSS)

JUNIOR ACCOUNTANT (WITH ENGLISH ONLY ) 250,000 350,000

JUNIOR ACCOUNTANT (MULTILINGUAL) 280,000 380,000

SENIOR ACCOUNTANT 450,000 650,000

ACCOUNTS PAYABLE/RECEIVABLE (WITH ENGLISH ONLY ) 250,000 400,000

ACCOUNTS PAYABLE/RECEIVABLE (MULTILINGUAL) 280,000 430,000

BILLING ASSOCIATE (ENGLISH/MULTILINGUAL) 250,000 350,000

TREASURY ACCOUNTANT (ENGLISH/MULTILINGUAL) 270,000 370,000

INTERCOMPANY ACCOUNTANT (ENGLISH/MULTILINGUAL) 250,000 350,000

TEAM LEADER OF AP/AR 450,000 700,000

MANAGER OF AP/AR 700,000 1,000,000

CASH COLLECTION/COLLECTORS (WITH ENGLISH ONLY) 280,000 380,000

CASH COLLECTION/COLLECTORS (MULTILINGUAL) 350,000 450,000

CREDIT ANALYST (ENGLISH/MULTILINGUAL) 280,000 380,000

CASH COLLECTION SUBJECT MATTER EXPERT 500,000 650,000

SENIOR CREDIT AND COLLECTION SPECIALIST 550,000 750,000

CREDIT AND CC MANAGER 850,000 1,200,000

HEAD OF ACCOUNTING DEPARTMENT 850,000 1,400,000

PAYROLL SPECIALIST 250,000 400,000

SENIOR PAYROLL SPECIALIST 350,000 550,000

PAYROLL MANAGER 800,000 1,000,000

VAT/TAX ACCOUNTANT 380,000 450,000

VAT COMPLIANCE (MANAGER) 600,000 900,000

TAX MANAGER 750,000 1,000,000

JUNIOR AUDITOR 380,000 450,000

SENIOR AUDITOR 450,000 600,000

INTERNAL AUDITOR 600,000 750,000

FINANCIAL ANALYST/CONTROLLER 450,000 650,000

REVENUE ALLOCATION SPECIALIST 450,000 550,000

PRICING SPECIALIST 450,000 650,000

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Multilingual Shared Service Centres (SSCs) Salary Figures

Customer Service RolesMIN (HUF)

PER MONTH (GROSS)

MAX (HUF) PER MONTH

(GROSS)

CUSTOMER SERVICE REPRESENTATIVE (WITH ENGLISH ONLY) 250,000 350,000

CUSTOMER SERVICE REPRESENTATIVE (MULTILINGUAL) 280,000 420,000

SENIOR CUSTOMER SERVICE REPRESENTATIVE 380,000 480,000

CS TEAM LEADER 450,000 650,000

CUSTOMER SERVICE MANAGER 700,000 900,000

SERVICE DELIVERY MANAGER 850,000 1,200,000

IT HELP DESK OPERATOR L1 (WITH ENGLISH ONLY) 200,000 350,000

IT HELP DESK OPERATOR L1 (MULTILINGUAL) 300,000 400,000

IT HELP DESK OPERATOR L2 (WITH ENGLISH ONLY) 400,000 450,000

IT HELP DESK OPERATOR L2 (MULTILINGUAL) 450,000 550,000

IT HELP DESK OPERATOR L3 550,000 750,000

SERVICE ENGINEER 450,000 550,000

Supply Chain and LogisticsMIN (HUF)

PER MONTH (GROSS)

MAX (HUF) PER MONTH

(GROSS)

ORDER MANAGEMENT (WITH ENGLISH ONLY) 300,000 380,000

ORDER MANAGEMENT (MULTILINGUAL) 360,000 450,000

LOGISTICS ASSISTANT 350,000 450,000

INVENTORY ANALYST 400,000 550,000

SUPPLY CHAIN PLANNER 450,000 550,000

PROCUREMENT ASSISTANT 320,000 380,000

BUYER 380,000 500,000

STRATEGIC SOURCER 450,000 650,000

REGIONAL STRATEGIC SOURCER 500,000 750,000

SOURCING MANAGER 850,000 1,200,000

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Various SSC / BPO PositionsMIN (HUF)

PER MONTH (GROSS)

MAX (HUF) PER MONTH

(GROSS)

PROCESS SPECIALIST 400,000 600,000

TRANSITION/PROJECT MANAGER 700,000 1,200,000

SIX SIGMA / LEAN EXPERTS / CONSULTANTS 700,000 1,200,000

SHARED SERVICE DIRECTOR 1,500,000 2,800,000

HR ADMINISTRATOR (ENGLISH/MULTILINGUAL) 250,000 350,000

HR CONSULTANT 350,000 500,000

RECRUITMENT SPECIALIST 350,000 500,000

TRAINING COORDINATOR 400,000 600,000

LEARNING&DEVELOPMENT SPECIALIST 500,000 700,000

HR MANAGER/BUSINESS PARTNER 500,000 850,000

HR DIRECTOR 900,000 1,500,000

INSIDE SALES REPRESENTATIVE 300,000 400,000

INSIDE SALES SUPERVISOR 450,000 600,000

INSIDE SALES MANAGER 700,000 900,000

SALES SUPPORT ANALYST 270,000 350,000

SALES SUPPORT SPECIALIST 300,000 380,000

BID MANAGER 270,000 380,000

MASTER DATA ADMINISTRATOR 250,000 350,000

DATA ANALYST 300,000 350,000

BUSINESS INTELLIGENCE ANALYST (1-3 YEARS) 450,000 600,000

BUSINESS INTELLIGENCE ANALYST (4+ YEARS) 600,000 950,000

PROJECT MANAGER (1-3 YEARS) 500,000 600,000

PROJECT MANAGER (4+ YEARS) 650,000 1,200,000

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Technology Salary Figures

MIN (HUF) PER MONTH

(GROSS)

MAX (HUF) PER MONTH

(GROSS)

DEVELOPER (APPLICATIONS) 550,000 900,000

INFORMATION SECURITY 600,000 1,300,000

IT HELPDESK SUPPORT 350,000 600,000

IT MANAGER 800,000 1,100,000

IT PROJECT MANAGER 700,000 1,000,000

IT SYSTEMS ENGINEER/ADMINISTRATOR 550,000 850,000

NETWORK ENGINEER 650,000 900,000

PROGRAMMER/DEVELOPER 550,000 1,400,000

SENIOR DEVELOPER 800,000 1,200,000

SYSTEMS SUPPORT 400,000 850,000

MOBILE DEVELOPER 700,000 1,400,000

EMBEDDED DEVELOPER 550,000 900,000

TEST ENGINEER 550,000 900,000

NETWORK ARCHITECT 800,000 1,300,000

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Sales & Marketing Salary Figures

MIN (HUF) PER MONTH

(GROSS)

MAX (HUF) PER MONTH

(GROSS)

ACCOUNT MANAGER 400,000 700,000

BRAND MANAGER 400,000 600,000

CUSTOMER SERVICE REPRESENTATIVE 300,000 400,000

MARKET RESEARCH MANAGER 350,000 600,000

MARKETING DIRECTOR 700,000 1,000,000

MARKETING EXECUTIVE 500,000 700,000

MARKETING MANAGER 600,000 900,000

PRODUCT MANAGER 500,000 650,000

PUBLIC RELATIONS MANAGER 400,000 650,000

SALES DIRECTOR 700,000 1,000,000

SALES EXECUTIVE 450,000 650,000

SALES MANAGER 450,000 800,000

SENIOR BRAND MANAGER 500,000 800,000

SalesMIN (HUF)

PER MONTH (GROSS)

MAX (HUF) PER MONTH

(GROSS)

SALES REPRESENTATIVE 250,000 400,000

JUNIOR KEY ACCOUNT MANAGER 300,000 500,000

KEY ACCOUNT MANAGER 550,000 800,000

SALES MANAGER 700,000 1,200,000

SALES DIRECTOR 1,200,000 1,600,000

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RetailMIN (HUF)

PER MONTH (GROSS)

MAX (HUF) PER MONTH

(GROSS)

REGIONAL STORE MANAGER 700,000 1,200,000

STORE MANAGER 500,000 800,000

SALES ASSISTANT 250,000 400,000

MarketingMIN (HUF)

PER MONTH (GROSS)

MAX (HUF) PER MONTH

(GROSS)

MARKETING SPECIALIST 300,000 500,000

MARKETING MANAGER 750,000 1,000,000

MARKETING DIRECTOR 1,000,000 1,500,000

SENIOR BRAND/PRODUCT MANAGER 700,000 1,000,000

JUNIOR BRAND/PRODUCT MANAGER 400,000 700,000

TRADE MARKETING MANAGER 600,000 800,000

TRADE MARKETING SPECIALIST 350,000 500,000

MARKET RESEARCH MANAGER 500,000 700,000

MARKET RESEARCH ANALYST 300,000 500,000

CommunicationMIN (HUF)

PER MONTH (GROSS)

MAX (HUF) PER MONTH

(GROSS)

PR MANAGER 500,000 800,000

PR SPECIALIST 350,000 500,000

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Accounting & Finance, Banking, Engineering, Healthcare, Human Resources, Insurance, Multilingual Shared Services, Property & Construction, Sales & Marketing, Technologyreedglobal.hu

REED Hungary

REED Specialist Recruitment Hungary

@reedglobal