A brutal wave of resignations looms in Hungary, but it could backfire

A lot of people would change jobs

According to Profession.hu's third-quarter trend report, almost half (46%) of domestic workers aged 18–65 are currently seeking a new job or considering new opportunities. Although employees remain active, the number of advertised jobs has fallen by more than 15% compared to the same period last year.

Due to increasing competition for vacant positions, it is taking longer and longer to find a new job,

pointed out Blanka Dencső, market research and business development expert at Profession.hu.

She added that those who changed jobs this year found new employment in an average of five months, which is a quarter longer than last year's average of four months.

The dynamic growth of the labour market is also evident in the fact that applicants are spending more time searching for new positions.

Half of job seekers now spend several hours a week on this task, compared to just 37% at the same time last year.

"Based on applicants' experiences, the number of responses from employers has declined. This year, almost half (44%) of applicants reported not receiving a response to any of their applications, compared to 35% last year. The lack of feedback, in addition to the reduced number of open positions, makes the situation more difficult for job seekers, as they do not find out why their applications were rejected," said Blanka Dencső.

All of this leads to a longer job search time. Without feedback, applicants do not know how to improve, which makes them slower and more uncertain when moving on to the next application,

she added.

The analysis revealed that a significant proportion of job seekers are open to opportunities outside their usual industry. While only a quarter of applicants would continue to apply for jobs in the same field in which they previously or currently work, three-quarters are open to opportunities in other sectors.

The order of importance of the factors considered when changing jobs has remained the same in recent years, although the proportions have shifted slightly. Salary and benefits packages have become even more important:

While 85% of candidates considered this a top priority last year, this figure has risen to 88% this year.

The location of the workplace, working hours and working conditions follow, while the personality of the manager plays a slightly less important role in decision-making.

Cover image (for illustration purposes only): Getty Images