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Labor Shortages Could Pave the Way for Further Pay Increases in the Hungarian IT Sector

Péter Cseresnyés 2022.07.05.

IT professionals in Hungary are likely to receive a big pay increase in the near future, according to a statement from IT recruitment agency Bluebird.

The wages of IT professionals are expected to rise further as the labor shortage in the IT sector does not ease, the company told MTI on Monday.

According to Bluebird, the coronavirus pandemic is also affecting the IT job market, with labor shortages and wage increases being seen around the world.

Bulebird cites the United Kingdom as an example, where salaries are extremely high: IT management staff can earn up to HUF 7-9 million per month, (EUR 17,242-22,169) while software developers can earn up to HUF 7 million per month. The company also mentions e-commerce giant Amazon as an example of a company that recently announced to more than double IT staff salaries in order to find the best talents and retain existing workforce.

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According to Bluebird, a software developer in Hungary last year could earn up to 2 million forints (EUR 4926) a month, their salary increasing by 20% in a year. Domestically, entry-level employees are also highly valued, typically making between HUF 600,000-850,000 (EUR 1478-2093) gross monthly, according to the company’s own data.

Professionals working in Hungary are also expected to see a big wage increase, because the IT labor market is becoming completely global; therefore, those working in the field can easily find jobs in other parts of the world, the company said. The IT industry covers almost 40 job categories, with software developers being the most represented group, according to Bluebird.

via MTI

Featured photo illustration via Pixabay


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