Benefits Analyst Average Salary in Budapest 2024
How much money does a person working as Benefits Analyst make in Budapest?
LOW
181,000
HUF AVERAGE
394,000
HUF HIGH
627,000
HUF
A person working as Benefits Analyst in Budapest typically earns around 394,000 HUF. Salaries range from 181,000 HUF (lowest) to 627,000 HUF (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Benefits Analyst salaries in Budapest vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Benefits Analyst Pay Scale and Salaries in Budapest
Salary Structure and Pay Scale Comparison
374,000 HUF or more
328,000 to 374,000 HUF
226,000 HUF or less
226,000 to 328,000 HUF
 181,000 HUF |
377,000 HUF |
627,000 HUF |
Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range
Salary Range, Minimum Wage, and Starting Salary
Salaries for the position Benefits Analyst in Budapest range from 181,000 HUF (starting salary) to 627,000 HUF (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.
Median Salary
With a median salary of 377,000 HUF, half of the professionals who work as Benefits Analyst in Budapest earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.
Percentiles and Salary Scale
The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Benefits Analyst in Budapest earn less than 304,000 HUF, while 75% earn more. Similarly, the chart shows that 75% earn less than 434,000 HUF while 25% earn more.
Pay Scale Structure
To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Benefits Analyst in Budapest compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 226,000 HUF to 328,000 HUF. About 20% of salaries are below the 226,000 HUF mark, while 10% fall within the range of 328,000 HUF to 374,000 HUF. Only 5% of individuals have salaries exceeding 374,000 HUF.
Salary Comparison by Years of Experience / Benefits Analyst / Budapest
How do experience and age affect pay?
| 0 - 2 Years | 206,000 HUF | |
| 2 - 5 Years | +34% | 275,000 HUF |
| 5 - 10 Years | +48% | 406,000 HUF |
| 10 - 15 Years | +22% | 495,000 HUF |
| 15 - 20 Years | +9% | 540,000 HUF |
| 20+ Years | +8% | 584,000 HUF |
The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Benefits Analyst and this is what we found.
Employees with less than two years of experience earn approximately 206,000 HUF.
While someone with an experience level between two and five years is expected to earn 275,000 HUF, 34% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 406,000 HUF, 48% more than someone with two to five years of experience.
Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 495,000 HUF, 22% more than someone with five to ten years of experience.
If the experience level is between fifteen and twenty years, then the expected wage is 540,000 HUF, 9% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 584,000 HUF, 8% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Benefits Analyst / Budapest
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Benefits Analyst.
| Bachelor's Degree | 239,000 HUF | |
| Master's Degree | +93% | 462,000 HUF |
We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down salaries by education level for the position Benefits Analyst in order to make a comparison.
Level 1: Bachelor's Degree
Employees at this education level have an average salary of 239,000 HUF.
Level 2: Master's Degree
At this level, the average salary becomes 462,000 HUF, 93% more than the previous level.
Is a Master's degree or an MBA worth it? Should you pursue higher education?
A Master's degree program or any post-graduate program in Hungary costs anywhere from 2,470,000 HUF to 7,420,000 HUF and lasts approximately two years. That is quite an investment.
You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.
Many people pursue higher education as a tactic to switch to a higher-paying job. The numbers seem to support the theory. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.
If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.
Typical Salary Difference by Education for Most Careers
Salary and Compensation Comparison By Gender / Benefits Analyst / Budapest
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Benefits Analyst in Hungary, the average difference between the salary of male and female employees is 6%.
| Male | 366,000 HUF | |
| Female | -6% | 346,000 HUF |
Salary Comparison By Gender in Hungary for all Careers
Average Annual Salary Increment Percentage / Benefits Analyst / Budapest
How much are annual salary increments in Budapest for individuals working as Benefits Analyst? How often do employees get salary raises?
Individuals working as Benefits Analyst in Hungary are likely to observe a salary increase of approximately % every months. The national average annual increment for all professions combined is 9% granted to employees every 17 months.
Hungary / All Professions
The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare that people get their salaries reviewed exactly on the one-year mark, it is more meaningful to know the frequency and the rate at the time of the increase.
How to calculate the salary increment percentage?
The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 / Increase Frequency
Worldwide Salary Raises: All Countries and All Jobs
Salary Packages and Schemes
Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.
Bonus and Incentive Rates / Benefits Analyst / Hungary
How much and how often are bonuses being awarded?
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100% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while % said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from % to % of their annual salary.
| Received Bonus | % | |
| No Bonus | 100% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe most standard form of bonus, where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.
Goal-Based BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese types of bonuses are given without a reason and usually resemble an appreciation token.
Bonuses Are Not Commissions!
People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.
What makes a position worthy of good bonuses and a high salary?
The main two types of jobs | |
| Revenue Generators | Supporting Cast |
Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business. | Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations. |
Example: | Example: |
Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.
Bonus Comparison by Seniority Level
Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.
Average Hourly Wage / Benefits Analyst / Budapest
2,270 HUF per hourThe average hourly wage (pay per hour) for individuals working as Benefits Analyst in Budapest is 2,270 HUF.This is the rate they get paid for every worked hour.
About The Hourly Pay Rate
The hourly wage is the salary paid in one worked hour. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fixed amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.
What is the minimum hourly rate of pay?
The minimum pay rate per hour for people working as Benefits Analyst in Budapest is 1,050 HUF. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
Salary comparison with similar jobs
| Job Title | Average Salary |
| Human Resources |  -100% | |
| Benefits Administrator | 324,000 HUF | -18% |
| Benefits Analyst | 394,000 HUF | -0% |
| Benefits Manager | 677,000 HUF |  +72% |
| Benefits Specialist | 415,000 HUF | +5% |
| Chief Diversity and Inclusion Officer | 657,000 HUF | +67% |
| Chief Happiness Officer | 708,000 HUF | +80% |
| Chief Human Resources Officer | 852,000 HUF | +120% |
| Chief Listening Officer | 598,000 HUF | +52% |
| Chief People Officer | 872,000 HUF | +120% |
| Chief Remote Work and Collaboration Officer | 590,000 HUF | +50% |
| Compensation Analyst | 407,000 HUF | +3% |
| Compensation and Benefits Manager | 687,000 HUF | +74% |
| Compensation and Benefits Officer | 290,000 HUF | -26% |
| Compensation and Benefits Specialist | 415,000 HUF | +5% |
| Compensation Manager | 698,000 HUF | +77% |
| Corporate Director of Human Resources | 849,000 HUF | +120% |
| Corporate Recruiter | 546,000 HUF | +39% |
| Corporate Trainer | 397,000 HUF | +1% |
| Director of Talent Acquisition | 772,000 HUF | +96% |
| Diversity and Inclusion Specialist | 502,000 HUF | +27% |
| Employee Benefits Administrator | 492,000 HUF | +25% |
| Employee Benefits Consultant | 607,000 HUF | +54% |
| Employee Benefits Coordinator | 242,000 HUF | -39% |
| Employee Communications Manager | 562,000 HUF | +43% |
| Employee Development Specialist | 546,000 HUF | +39% |
| Employee Engagement Specialist | 559,000 HUF | +42% |
| Employee Experience Manager | 630,000 HUF | +60% |
| Employee Health and Wellness Administrator | 503,000 HUF | +28% |
| Employee Performance Specialist | 414,000 HUF | +5% |
| Employee Relations Analyst | 546,000 HUF | +39% |
| Employee Relations Manager | 590,000 HUF | +50% |
| Employee Relations Practitioner | 616,000 HUF | +56% |
| Employee Relations Representative | 433,000 HUF | +10% |
| Employee Relations Specialist | 554,000 HUF | +41% |
| Employee Services Manager | 599,000 HUF | +52% |
| Employee Services Specialist | 568,000 HUF | +44% |
| Employee Wellness Officer | 435,000 HUF | +10% |
| Employment Advice Worker | 259,000 HUF | -34% |
| Employment Interviewer | 408,000 HUF | +4% |
| Employment Relations Officer | 252,000 HUF | -36% |
| Employment Service Specialist | 309,000 HUF | -22% |
| Employment Services Coordinator | 356,000 HUF | -10% |
| Enrollment Counselor | 531,000 HUF | +35% |
| Equal Opportunity Representative | 399,000 HUF | +1% |
| Executive Human Capital Management | 796,000 HUF | +100% |
| Executive Recruiter | 575,000 HUF | +46% |
| Expatriate Administration Manager | 558,000 HUF | +42% |
| Expatriate Administration Supervisor | 386,000 HUF | -2% |
| Global Mobility Manager | 668,000 HUF | +69% |
| Head of Culture | 643,000 HUF | +63% |
| Head of Human Resources | 784,000 HUF | +99% |
| Headhunter | 594,000 HUF | +51% |
| Health Benefits Coordinator | 344,000 HUF | -13% |
| HRIS Analyst | 292,000 HUF | -26% |
| HRIS Manager | 498,000 HUF | +26% |
| HRIS Officer | 240,000 HUF | -39% |
| HRIS Supervisor | 291,000 HUF | -26% |
| Human Resources Administration Specialist | 318,000 HUF | -19% |
| Human Resources Administrative Assistant | 239,000 HUF | -39% |
| Human Resources Administrative Coordinator | 333,000 HUF | -16% |
| Human Resources Administrator | 362,000 HUF | -8% |
| Human Resources Advisor | 530,000 HUF | +34% |
| Human Resources Analyst | 475,000 HUF | +21% |
| Human Resources Assessor | 317,000 HUF | -20% |
| Human Resources Assistant | 220,000 HUF | -44% |
| Human Resources Assistant Manager | 585,000 HUF | +48% |
| Human Resources Associate | 211,000 HUF | -46% |
| Human Resources Compliance Officer | 490,000 HUF | +24% |
| Human Resources Consultant | 668,000 HUF | +69% |
| Human Resources Coordinator | 249,000 HUF | -37% |
| Human Resources Data Analytics Manager | 471,000 HUF | +19% |
| Human Resources Data Scientist | 485,000 HUF | +23% |
| Human Resources Deputy Manager | 607,000 HUF | +54% |
| Human Resources Development Manager | 715,000 HUF | +81% |
| Human Resources Director | 835,000 HUF | +110% |
| Human Resources Executive | 563,000 HUF | +43% |
| Human Resources Generalist | 435,000 HUF | +10% |
| Human Resources Manager | 744,000 HUF | +89% |
| Human Resources Officer | 317,000 HUF | -20% |
| Human Resources Recruiter | 575,000 HUF | +46% |
| Human Resources Representative | 301,000 HUF | -24% |
| Human Resources Section Head | 529,000 HUF | +34% |
| Human Resources Services Manager | 691,000 HUF | +75% |
| Human Resources Shared Services Manager | 544,000 HUF | +38% |
| Human Resources Specialist | 430,000 HUF | +9% |
| Human Resources Superintendent | 309,000 HUF | -22% |
| Human Resources Systems Administrator | 437,000 HUF | +11% |
| Human Resources Technology Consultant | 494,000 HUF | +25% |
| Human Resources Training Executive | 542,000 HUF | +38% |
| Human Resources Transformation Consultant | 578,000 HUF | +47% |
| Human Resources Vice President | 814,000 HUF | +110% |
| Industrial Organizational Psychologist | 723,000 HUF | +83% |
| Job Evaluation Specialist | 540,000 HUF | +37% |
| Labor Relations Director | 631,000 HUF | +60% |
| Labor Relations Manager | 642,000 HUF | +63% |
| Labor Relations Specialist | 301,000 HUF | -24% |
| Learning and Development Manager | 675,000 HUF | +71% |
| Learning and Development Specialist | 480,000 HUF | +22% |
| Occupational Health and Safety Officer | 307,000 HUF | -22% |
| Organizational Development Consultant | 636,000 HUF | +61% |
| Organizational Development Manager | 714,000 HUF | +81% |
| Organizational Development Specialist | 345,000 HUF | -12% |
| Payroll Assistant | 267,000 HUF | -32% |
| Payroll Supervisor | 338,000 HUF | -14% |
| People Development Officer | 427,000 HUF | +8% |
| People Operations Analyst | 513,000 HUF | +30% |
| Personnel Officer | 237,000 HUF | -40% |
| Personnel Recruiter | 557,000 HUF | +41% |
| Records Clerk | 200,000 HUF | -49% |
| Records Manager | 331,000 HUF | -16% |
| Recruiter | 553,000 HUF | +40% |
| Recruiting Coordinator | 281,000 HUF | -29% |
| Recruiting Manager | 750,000 HUF | +90% |
| Recruitment Consultant | 554,000 HUF | +41% |
| Recruitment Officer | 302,000 HUF | -23% |
| Recruitment Supervisor | 472,000 HUF | +20% |
| Remote Collaboration Consultant | 432,000 HUF | +10% |
| Remote Work Compliance Manager | 580,000 HUF | +47% |
| Remote Work Coordinator | 392,000 HUF | -1% |
| Remote Work Manager | 531,000 HUF | +35% |
| Research Associate | 253,000 HUF | -36% |
| SAP Resource Manager | 590,000 HUF | +50% |
| Talent Acquisition Manager | 759,000 HUF | +93% |
| Talent Acquisition Specialist | 451,000 HUF | +14% |
| Talent Brand Manager | 648,000 HUF | +64% |
| Talent Management Officer | 349,000 HUF | -11% |
| Technical Recruiter | 355,000 HUF | -10% |
| Training Administrator | 313,000 HUF | -21% |
| Training and Development Manager | 697,000 HUF | +77% |
| Training and Development Section Head | 581,000 HUF | +47% |
| Training Executive | 630,000 HUF | +60% |
| Training Manager | 661,000 HUF | +68% |
| Training Officer | 273,000 HUF | -31% |
| Training Specialist | 432,000 HUF | +10% |
| Workforce Planning Analyst | 484,000 HUF | +23% |
Salary Comparison By City
| City | Average Salary |
| Budapest | 394,000 HUF |
Government vs Private Sector Salary Comparison
Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Hungary is 9% on average across all career fields.
| Private Sector | 476,000 HUF | |
| Public Sector | +9% | 518,000 HUF |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Benefits Analyst in Budapest?
A good and competitive compensation would range anywhere between 377,000 HUF and 434,000 HUF. This is a very rough estimate. Experience and education play a very huge part in the final earnings.
Gross Salary (before tax) and Net Salary (after tax)
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.
Base / Basic Salary
The base salary for a careers like Benefits Analyst in Budapest ranges from 181,000 HUF to 304,000 HUF. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.
What is the difference between the median and the average salary?
Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary
