Over the past few decades, Hungary has become one of the favorite Central European destinations for outsourcing. Many small businesses from around the world have chosen to outsource various non-essential tasks to Hungary, and with good reason. Is outsourcing to Hungary the way to go for your small business? To help you decide, we’ve compiled the top six reasons why other companies do it.
1. Many available sectors
Any non-essential business task can be outsourced; whether it makes sense to outsource for you depends on the specifics of your business
Any non-essential business task can be outsourced; whether it makes sense to outsource for you depends on the specifics of your business. Once you’ve made the decision to outsource, take a look at the options in Hungary. The country offers a wide range of outsourcing services. Various companies provide all sorts of back office services, like accounting, payroll, HR, as well as software development, website management, and any other IT related tasks. Research Hungarian outsourcing companies and choose the one that’s best suited to your needs. Alternatively, if your outsourced tasks allow it, you may look for a freelancer and cut the administrative burdens and costs that come with hiring an outsourcing firm.
2. Highly skilled workforce
There are many top-ranked universities in Hungary providing quality education to students. Each year, highly trained graduates appear on the labor market, looking for work. Since English is the most popular second language and university graduation depends on passing a high-level foreign language exam, you can rest assured that language won’t be an issue and that your outsourced tasks land in the hands of highly skilled professionals.
3. Lower wages
The average Hungarian salary is $15,614 per year, while the average of all OECD member states is $29,016
Wages and living costs are lower in Hungary than in many other EU countries. Consider this comparison: the average Hungarian salary is $15,614 per year, while the average of all OECD member states is $29,016. According to another statistic, an average IT professional makes $7-10 per hour in Hungary, and $16-20 in the US. Although other costs are associated with outsourcing (including taxes, the outsourcing companies’ fees, etc.), these statistics show that outsourcing to Hungary would save money for your small business.
4. Strong work ethics
Among other features, Hungarians are known for their dedication and diligence. Although the work week is limited by law to 40 hours, overtime is very common because employees tend to remain in the office until their tasks are finished. Your Hungarian outsourced team will fully devote themselves to the tasks at hand and won’t rest until you’re satisfied with their efforts.
5. Access to EU market
Whether you want to import to or export from the EU, Hungary is a great starting point as the European foothold of your small business
Since Hungary is a member of the EU, the country provides excellent access to all other EU Member States. Whether you want to import to or export from the EU, Hungary is a great starting point as the European foothold of your small business.
6. Easy payments
If you sign up with Veem, paying your outsourcing company or freelancer will be as easy as sending an email. Veem allows you to send international payments quickly, securely, and 100% hassle-free.
We create a direct connection between senders and recipients, eliminating the middlemen along with all unexpected delays and hidden fees. If you send your payments through Veem, you can rest assured that the correct amount of money reaches its intended destination on time. In addition, Veem offers very favorable foreign exchange rates. What’s not to love? Pay your Hungarian outsourcing company through Veem and become part of our international network of small businesses.