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    Tag: survey
    6 of June, 2017Research
    Corporate reactions to the raise of the minimum wage and the guaranteed minimum wage

    This brief analysis is to study what steps national corporations have already taken or they plan to take in 2017 concerning minimum wage raise and the increased guaranteed minimum wage for the skilled workforce in 2017. In the analysis eight taken or due steps in 2017 will be examined: (1) to avoid wage disparity those earning beyond the level of minimum wage will have a wage increase: (2) planned staff recruitment will be cancelled; (3) there will be layoffs; (4) planned investments will be postponed; (5) the scope of activity and tasks of those employees affected by the wage increase will be modified; (6) the affected employees’ employment will become part-time employment; (7) the benefits of the affected employees will be cut; (8) variable pay/at-risk pay will be decreased (bonuses, on-target earnings).

    This study used the research conducted in April 2017 on corporate prosperity by HCCI (Hungarian Chamber of Commerce and Industry) IEER (Institute for Economic and Enterprise Research); during this research more than 3200 corporate leaders provided answers to the research questionnaire.

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    2 of February, 2017Research
    Business perception of labor shortage in Hungary

    In its analysis the Institute for Economic and Enterprise Research (IEER) examined the perception of labor shortage among Hungarian companies. The analysis is based on the data of the October 2016 Business Climate Survey of 3185 companies among which 2980 answered questions related to recruiting difficulties, and labor and skill shortage. The analysis also covers how recruiting difficulties and expected investments, stock orders, and plans of salary increase are related. The results show that a growing number of Hungarian companies consider recruiting difficulties and labor shortage as an obstacle to business activity and two thirds of them expect that the problems related to this are going to worsen in 2017. The most prevalent problem mentioned by the companies is the recruitment of senior employees. Plans of salary increase and recruiting difficulties are positively related showing that salary increase is a possible way of adaptation to labor shortage among the Hungarian companies.

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    22 of December, 2016Research
    Short-term Labor Market Forecast – 2017

    The following summary comprises the latest results gained from the largest representative survey series on the Hungarian labour market. During the study 6835 company leaders’ answers on employment, on the company’s business situation, and on the company’s future expectations were registered and analyzed. The history of the survey series targeting short-term expectations of the labour market goes back to the years following the regime change of 1989-90 in Hungary. The latest survey in this research program took place between September 7 and October 14, 2016 as the ninth occasion of the collaboration between the Hungarian Ministry for National Economy and the Institute for Economic and Enterprise Research (IEER) to forecast the short-term economic prospects of the private sector, and to review corporations’ labour market decisions in an empirical study.

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    23 of August, 2016Research
    Results of the IEER SME Outlook Survey August 2016

    The results of the latest IEER SME Outlook business climate survey reveal less favourable economic conditions compared to the previous quarter: the Business Climate Index decreased from 31 to 27 points. Thus the upward trend since last October was broken. While enterprises regard their current situation more favourable compared to the previous quarter, they consider their future prospects more negatively than in April. It means that the SME sector predicts a turning point in the trends of domestic business climate.

    The Uncertainty Index is at a current level of 36 points, which is almost the same as the value measured in the preceding quarter (it was 37 points in April 2016). The value of the Uncertainty Index indicates that the current trend is not uniform within the private sector, and that it will continue to be confined to one part of the economy and will not be felt by all small and medium sized companies.

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    26 of July, 2016Research
    Where would students like to continue their education? The continuing education plans of students from the country’s best high schools

    The IEER analysis examines plans for further education of students from the nation’s best high schools. The results show that a vast majority of students want to continue their education, namely at national institutions of higher education, and only 7% of them would study abroad (as well). The available statistics also indicate that Hungarian students do not participate in large numbers in (long-term) foreign study, but in recent years their numbers show a growing trend.

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    6 of June, 2016Research
    Results of the IEER SME Outlook Survey April 2016

    The results of the latest IEER SME Outlook business climate survey reveal more favourable economic conditions compared to the previous quarter: the Business Climate Index increased from 25 to 31 points, which is the highest value since the beginning of the research (January 2005). This value is far higher than the one in April 2015 (23 points). The Uncertainty Index is at a current level of 37 points, which is almost the same as the value measured in the preceding quarter (it was 38 points in April 2015). The value of the Uncertainty Index indicates that the current trend is not uniform within the private sector, and that it will continue to be confined to one part of the economy and will not be felt by all small and medium sized companies.

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    3 of June, 2016Research
    Results of the IEER Business Climate Survey – April 2016

    Regarding the new results of the IEER Business Climate Index (the survey is based on the answers of 3187 enterprises) further positive changes can be expected. The IEER Business Climate Index rose to +49 points in April 2016 from +45 points in October 2015. The value of the Uncertainty Index has not changed since the last survey (October 2015).

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    1 of June, 2016Research
    Integrity and corruption risks within the Hungarian corporate sector – 2015

    In the summer of 2015, EY and IEER conducted their fifth joint research on integrity and corruption at the Hungarian companies. The focus of the research was to investigate corporate measures against corrupt behavior and misuse of information or position, the penetration of corruption, and to have Hungarian corporate leaders’ opinion on corruption and their expected behavior about the subject. Our interviewers conducted personal interviews with owners and top management members of companies employing at least 50 people. The survey is based upon 305 interviews and can be considered representative concerning employment and ratio in the economic sectors. The research analyses the rule of law and the regulatory environment including the relationship with the government, the role of personal connections with state officials and the opinion of the managers on the recent governmental measures against corruption. In the second part of the paper we investigate the corporate governance and corporate rules against fraud and corruption such as ethical codes, ethics hotline, and handling of ethical misconduct. In the third part corruption risks are investigated considering corporate leaders’ perception of corruption and, with an experimental approach, their answers for hypothetical situations involving corruption are studied. Finally the research also examines the measures of risk management and the data security applied by companies.

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    15 of February, 2016Research
    Results of the IEER SME Outlook Survey January 2016

    The results of the latest IEER SME Outlook business climate survey reveal more favourable economic conditions compared to the previous quarter: the Business Climate Index increased from 20 to 25 points, which is the highest value since the beginning of the research (January 2005). This value is far higher than the one in January 2015 (16 points). The Uncertainty Index is at a current level of 37 points, which is almost the same as the value measured in the preceding quarter (it was 38 points in October 2015). The value of the Uncertainty Index indicates that the current trend is not uniform within the private sector, and that it will continue to be confined to one part of the economy and will not be felt by all small and medium sized companies.

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    27 of January, 2016Research
    Short-term Labor Market Forecast – 2016

    The latest survey for the annual “Short-term labor market forecast” research project of the Ministry of National Economics and HCCI Institute for Economic and Enterprise Research (IEER) took place in September-October 2015. During the survey county government offices and IEER staff interviewed 7,112 company managers about their current and expected need for labor. The results can be considered representative by the companies’ geographical location and economic sector, and within this by employee numbers. In the following the results of this research are presented compared to other relevant data sources and estimates.

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