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.
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 work permit issued to third country nationals in Hungary is always tied to a specific job. Because of this, there should be an agreement between the employer and the employee before the work permit application is submitted. The agreement is preferably a labor contract (although it can also be a preliminary agreement as well).
When you are moving your business to Hungary, you should be aware of the regulations that will apply to your employees. Working time in Hungary is strictly regulated to ensure that employees can maintain a healthy work-life balance, while employers can take advantage of their workers remaining healthy and motivated. Read our comprehensive summary to learn what you can expect from your employees.
The Labor Code in Hungary (and in the EU) aims at protecting the rights of both the employer and the employee. It also includes how and when an employment relationship can be terminated – while immigration law governs what happens to the work permit when that happens.