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.
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.
When you hear the word “cafeteria”, normally you would think of a self-service restaurant. In Hungary, however, “cafeteria” is the collective term for fringe benefits you can give your employees above their gross salary. Learn how it works, and see if it can be beneficial to your Hungarian company.