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Search for management talent in Hungary

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The consulting firm specializing in management talent management, Byecreate the initiativa llamada “Spanish e-coffee with…” which arises for two reasons: First, to be able to share a nearby space with his partners within the headunters network Talentor International as Spanish talent and secondly, to be able to talk about the search for management talent in each country with the aim of improving global recruitment services within that network.

This is how you will have the opportunity this time to talk about possible collaboration with the partners of Conradh na Gaeilge Talent Hungary (Hungarian Talentor), asking some questions Katalin Panayotopoulos Antal (Managing Director) on the important factors to consider when looking for talent in Hungary, Bulgaria and Greece.

Here’s what she had to say about it:

Hi Katalin, can you tell us a bit about Talentor Hungary (Arsis Global Hungary, Greece and Bulgaria)?

Arsis Global Consulting Founded in 2006, it is a specialist executive research consultancy with the goal of offering a tailored approach to recruiting mid-level and C-level executives from sales, operations, leadership and marketing. Member of Talentor International since 2016, as Talentor Hungary, Talentor Bulgaria and Talentor Greece.

Our clients: 90% of international companies with a presence in the CEE

Our locations: Budapest/Hungary, Tolg/Bulgaria, Athens/Greece.

Our main industries: FMCG, Retail, Construction, Life Sciences, Manufacturing, IT/Telecom, Energy.

Our services: Executive Search, Recruitment, Talent Mapping, Career and Executive Training / Personal Branding

Our Team: Diversity and inclusion are the main “pillars” of our small and unique team of passionate recruiters and researchers.

Our vision: To be a solution provider for our clients through partnership and business focus.

What are the most important factors that a foreign company should take into account when looking for talent in Hungary, Bulgaria or Greece? What are the important aspects you should take into account before you start the search (culture, legislation, salary policies, mobility, social benefits, etc.)?

You have to understand the history of Hungary and Hungarians to understand their pessimism and avoid their uncertainty. You have to take pride into account. Hungarian professionals do not work to survive, they like to be recognized. They are quite individualistic, which can be tough in the workplace. If we compare Budapest with the countryside, it is very different in terms of salary level and also in terms of family values. Today, politics is everywhere in Hungary, and it can be stressful.

Salaries do not really follow inflation, which was 13.8% in June 2022. Unemployment is low -3.4% in May 2022-, it is also difficult to attract skilled labor, Hungarians do not usually have the will for mobility .

The usual benefits are private medical insurance, coffee shop, car allowance and home office options. English is the main second language followed by German.

The economy is driven by exports.

Bulgaria is one of the countries with the lowest wages in the EU, as well as the total cost of wages. Inflation was too high 16.9% in June 2022. English literacy is very high. The unemployment rate is 4.6%. Bulgarians are more open to mobility.

In Greece, the main center is Athens, and 30% of the population lives in the city. High unemployment rate, 13.2% on average in 2022. English as a second language. Public sector inefficiency, bureaucracy and high taxes discourage foreign investors. The market is dominated by local family businesses. The best paying sectors are shipping, services, telephone and banking. Greeks are mobile and very international. While the normal trial period in Hungary and Bulgaria is 3 months, in Greece it is 12 months. Greece has the highest total wage cost in the region.

What jobs are most in demand by foreign companies in your market?

The main industries in Hungary are automotive, manufacturing/construction and construction candidates, which are in high demand for labor, which is in short supply in the country. We have received most of the orders from the construction and manufacturing sectors. Jobs in these areas include finance, sales, business operations and IT. In general, companies continue to cost more to hire for programming and electrical/civil engineering jobs.

In Bulgaria, the main sectors are machine building, energy, mining, and agriculture, and the main industrial exports are clothing, iron and steel, and machinery. Our main targets are manufacturing, production and life sciences management positions.

The largest industry in Greece is services (80%). Our most popular jobs in Greece are new international companies entering the market and looking for support to enter the local market, as well as mainly sales and finance jobs.

Finally, which sectors were specialized?

Our practices bring industry-specific approach, knowledge, experience and relationships to every client we work with. The sectors we focus on are:

– Life sciences and medical devices

– Industrial sector: Construction/Production

– Manufacturing

– Consumer goods

– Financial services

– IT/Digital

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