September 10, 2009, 10:23 CET
Survey finds Hungarian managers souring on non-wage compensation
About 23pc of company managers in Hungary said they would discontinue non-wage compensation, such as vacation and food vouchers, because of amendments to legislation that tax the form of payment at a higher rate, a survey by Publicus Research shows.
The survey showed 37pc of managers had not yet made a decision on whether to continue using non-wage compensation, while 16pc said they would reduce the type of compensation to an extent to prevent a rise in overall wage-type expenses. Just 10pc said they would keep non-wage compensation unchanged and pay the higher tax rate.
A little more than half of Hungarian companies use non-wage compensation as a form of payment for staff. The most popular form of the compensation is food vouchers.
Publicus Research surveyed 500 Hungarian companies on the question of non-wage compensation in July.
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Published every Tuesday, the Budapest Business Week newsletter contains all the previous week's headlines from Realdeal.hu and related stories from other All Hungary sites, as well as a list of upcoming events of interest to the foreign business community in Hungary.
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