The Indian recruitment service of our company can provide an effective solution for your business!
Bányai & Partners Consulting is a recruitment expert for multinational manufacturing companies in Hungary. Learn more about our Indian workforce placement and aftercare services from the video below.
Day by day, we experience the extraordinary labor shortage facing the Hungarian labor market. This is primarily due to demographic reasons.
According to data from the Hungarian Central Statistical Office (KSH), between 2017 and 2024, the difference between deaths and live births in Hungary amounted to approximately 370,000 people. In the same period, the difference between those retiring and the number of young people entering the labor market shows that the number of new entrants to the labor market has decreased, or is decreasing, by more than 220,000 people. Several hundred thousand Hungarian workers are currently employed in Western Europe, and since 2010, nearly 370,000 Hungarian citizens have emigrated from the country. We do not count on their return to the Hungarian labor market. Between 2021 and 2031, the working-age population is expected to decrease by about 700,000 people.
To resolve the acute labour shortage, until now companies have tried to employ workers from third countries (mainly from the Ukraine and Serbia). However, it has now become evident that this number cannot be increased any further. We have also witnessed attempts at the employment of Vietnamese, Mongolian and other third-country nationals. Experts are clearly of the opinion, however, that the definitive solution will be to employ workers from India in Hungary.
All the giant market leader companies of the world’s economies have settled in India in recent decades. Key sectors such as microelectronics, the fine chemicals industry, the computer industry, aeronautics, space technology, biotechnology and pharmaceuticals have been created in the country of continental size. Huge industrial centres have emerged, where the automotive industry has grown to astonishing dimensions. In these districts, Indian workers are socialised in the most efficient organisational cultures, using state of the art technology. They are able to perform perfectly under European, Hungarian conditions as well.
Year |
Deaths |
Live births |
Difference (natural decrease) |
Retirees |
Labour market entrants |
Reduction in workforce |
Emigrants |
2017 |
131 674 |
91 577 |
40 097 |
140 576 |
117 880 |
22 696 |
26 957 |
2018 |
131 045 |
89 807 |
41 238 |
140 852 |
112 618 |
28 234 |
23 808 |
2019 |
129 603 |
89 193 |
40 410 |
136 948 |
100 355 |
36 593 |
21 900 |
2020 |
141 002 |
92 338 |
48 664 |
131 518 |
96 469 |
35 049 |
19 322 |
2021 |
155 621 |
93 039 |
62 582 |
123 519 |
93 617 |
29 902 |
21 730 |
2022 |
136 446 |
88 491 |
47 955 |
112 163 |
89 087 |
23 076 |
28 825 |
2023 |
128 176 |
85 225 |
42 951 |
108 230 |
85 641 |
22 589 |
35 736 |
2024 |
127 470 |
77 511 |
49 959 |
105 486 |
83 303 |
22 183 |
41 294 |
|
|
|
373 856 |
|
|
220 322 |
219 572 |
*based on estimation
The largest global corporations settled in India decades ago, so today the second generation of workers has been socialised using the most modern technology. Social hierarchy and religion also require that people work fairly and responsibly. Family is an absolute priority for them. They are here because of their families. They want to earn money to support them.
The work permit is valid only in Hungary and for the given company, so the possibility of fluctuation is low.
In addition to their mother tongue, they also speak English well, so there is no need to spend time or money on language courses.
They work honestly and diligently, do their job with due care, and have respect for their superiors.
Our activities do not end with the placement of workers. We assist with the integration of workers, providing for a regional manager of Indian nationality to ensure more effective and smoother cooperation and continued integration.