Employees often have very specific, special skills which an employer might not want to see in the service of the competition. In such cases, a non-compete agreement can be drawn up. Read on to learn how that works.
Severance pay refers to a payment an employee shall receive upon termination of their employment. In Hungary, it applies after at least 3 years of employment, while a few other conditions must be met too.
Foreign employees living in Hungary based on a work permit are eligible for the same tax benefits as Hungarian citizens. This applies to child benefits too, which might be relevant if the family of an employee is also in Hungary on residency for family unification.
If you operate a business in Hungary, sooner or later you might need your employees to do overtime for you. But how does that work? When can you expect it, and how much will it cost you? Read on to find out.
The Hungarian work permit is in fact a residence permit based on employment, tied to the job based on which you hand in the application. In line with this, you can apply for a work permit as long as there is an employer that is willing to employ you. Regarding age, this means that you should be an adult if you want to apply, while there is no upper limit on your age. However, there are a few things to consider.
When planning for salaries in Hungary, you should keep in mind the various tax benefits available to employees. Since they increase net salaries without extra costs to the employer, they also function as incentives for employing certain demographic groups.
In Hungary, the employment relationship is strictly regulated to ensure fair conditions both for employers and employees. Workers should always receive a living wage, and this is regulated by defining a minimum wage and regularly updating it.
Student residency is normally given for the purpose of full-time study in Hungary. However, many Hungarian students work while attending university, and of course, the same option is available to foreign students. However, some conditions apply.
The Hungarian work permit is tied to the job it was issued for. If you get a new job, you need a new work permit. But what to do when you want to work two jobs at the same time, that is, to get a side job? Read on and find out.