The Hungarian labour market soon to explode?

Changing jobs in such uncertain times may not be the best idea unless one is really forced to do so. In any case, it is worth knowing that the current stagnation in the labour market will not last long – at least according to experts. Anyone who is already feeling very uncomfortable in their current location but persists for a while can be pleasantly surprised by the post-pandemic period.

According to the report of Pénzcentrum, a kind of wave of dismissals started in the spring in Hungarian workplaces, and the restrictive measures introduced in the aftermath of the pandemic were not easy for anyone, but the period after that was also difficult. Many of the people who have thought so far that they were satisfied and stable quit at work, completely recklessly.

The situation at the moment is not the same as in the spring, although this does not mean that it is less depressing: infection data shows that the number of deaths is several times higher than in March-May, and people now seem to be more attached to their jobs than before.

“It must be seen that, especially in these times, people have a terrible need for security. In such uncertain circumstances, we also tend to suggest to those who turn to us for advice that they should wait a bit now. As difficult as it may be, perhaps this seems the wisest thing at the moment,” – said Ildikó Csenteri-Dénes, an HR business partner, to Pénzcentrum, who suggests that we last at least until something comes up that seems really certain. Surveys also show that the labour market is at a standstill: Groupama Insurance’s latest national research sought answers, among other things, about the consequences of the many changes in the labour market that affected jobs in the first wave and what effects these may have in the long run.

As a result, only 17 out of a hundred are currently planning to change jobs, 13 within a year. It is mainly young people in the capital who are looking for a new job, as well as workers who have experienced some stressful, disturbing change in their current job due to the epidemic. A year ago, this rate was even higher, which clearly suggests that the coronavirus is forcing workers to be more cautious in the labour market.