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Hungary: Your Next Career Move

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Hungary: Your Next Career Move HUNGARY: YOUR NEXT CAREER MOVE RELOCATION 2016 ABOUT HUNGARY CONFIDENTIAL 2 FIRST THINGS FIRST: WHERE IS HUNGARY? CONFIDENTIAL 3 WHAT YOU PROBABLY ALREADY KNOW ABOUT HUNGARY CONFIDENTIAL 4 FAST FACTS: A CLOSER LOOK • Population: ~10 million • Capital: Budapest (also the largest city) • Governmental system: Republic of Hungary • Main language: Hungarian • Timezone: GMT+1 (CET) • Currency: Hungarian forint (HUF) • Drives on the right side of the road CONFIDENTIAL 5 BUDAPEST: THE CAPITAL OF HUNGARY & HOME TO EPAM’S BUDAPEST OFFICE • Population: ~2 million • Education and development: international conferences, prestigious universities, bilingual nurseries, preschools, grammar and secondary schools • Events and culture: world-famous stars, global sporting events • Leisure and pleasure: sport, word-class dining, arts and artists, festivals, music, and a busy night life • Expat life CONFIDENTIAL 6 SZEGED: THE SUN CITY & HOME TO EPAM’S SZEGED OFFICE • Home to one of the most distinguished universities in Hungary • Named European capital of culture in 2010 • Events and culture: world-famous theater, festivals • Leisure and pleasure: sport, fine dining, SPAs CONFIDENTIAL 7 DEBRECEN: THE CIVIC CITY & HOME TO EPAM’S DEBRECEN OFFICE • Home to a prestigious university • Events and culture: world-famous theater, festivals • Leisure and pleasure: sport, fine dining CONFIDENTIAL 8 OVERALL ‘QUALITY OF LIFE’ FOR HUNGARY: HIGH Source: http://www.numbeo.com CONFIDENTIAL 9 ‘QUALITY OF LIFE’ FOR IT PROFESSIONALS IN HUNGARY: VERY HIGH Standard of living of a Hungarian IT professional is currently 2-3 times higher than the country average. Source: http://http://www.mennyitkeresel.hu/informatika-fizetesek CONFIDENTIAL 10 COST OF LIVING: HOW MUCH BASIC ITEMS COST IN HUNGARY Basic Utilities (Electricity, Heating, Public Transport (monthly pass) USD 32 Water, Garbage, etc.) (monthly) USD 155 Taxi (1km) USD 0.9 Fitness Club(monthly) USD 38 Apartment (1 bedroom, City Center) USD 345 Cinema (1 seat) USD 5 Apartment (3 bedrooms, City Center) USD 690 1 Pair of Jeans (Levi’s 501) USD 64 McMeal at McDonalds USD 5 Distribution of expenses using our statistical model Domestic Beer (0,5l draught) USD 1.3 Markets Rent per month Cappucino USD 1.3 Transportation Restaurants Milk (1l) USD 0.76 Utilities (Monthly) Sports & Leisure Beef Round (1kg) USD 8.25 Clothing & Shoes CONFIDENTIAL 11 ABOUT EPAM CONFIDENTIAL 12 FAST FACTS FOUNDED IN Q3 2016 CONSTANT GROWTH 4 Revenue Continents 1993 23 $298.3M Reported Consecutive 25 19,000+ US- Quarters Countries 2016 Revenue Engineers, Designers, and HEADQUARTERED Guidance Consultants 20+% PUBLIC COMPANY YOY organic growth (NYSE:EPAM) $1.15B REVENUE BY INDUSTRY FOCUS SERVICE GEOGRAPHY MIX 26% 23% 20% North America 57% Software Engineering & Europe 37% Product/Platform Development Financial Services Travel & Consumer Software & Hi-Tech CIS 4% QA & Test Automation 15% 9% 7% APAC 2% Managed Services Infrastructure & Licensing Media & Life Sciences & Emerging Entertainment Healthcare CONFIDENTIAL 13 ENGINEERING DNA: WE DEVELOP TECHNOLOGY PRODUCTS CONFIDENTIAL 14 PIONEERING PRODUCT DEVELOPMENT SERVICES Platform Engineering & Orchestration Services Product Development Services Technology EPAM FOUNDED Solutions IN 1993 Product Engineering 1990s 2000s 2012-2015 2015-2018 CONFIDENTIAL 15 FULL-STACK END-TO-END SOLUTION PRACTICES INDUSTRY EXPERTISE / BUSINESS CONSULTING DIGITAL ENGAGEMENT INTELLIGENT ENTERPRISE ADVANCED TECHNOLOGY Digital Strategy, Experience, Enterprise Architecture & Solution Architecture & Technology Platforms Digital Platforms Integration Data Platforms N-Tier, frameworks, Integration, J2XE, .NET, Digital Strategy, Experience, Data Consulting Scalability, Sustainability, Supportability Service Design, TRIZ Business Analysis Data Intelligence Product mgmt. process, requirement gathering Digital Marketing & Analytics Big Data/Data Lake, Data Science, Text Analytics, and mgmt. process, industry specifics CEM, DAM, CRM, Customer Identity, Loyalty Real-time/Streaming, Search, Visualization, Agile BI Embedded & IoT Appliances, Devices, Infotainment, Robotics Touchpoint Tech Enterprise Apps / Enterprise Mobility Mobile, Social, Wearables, Green Field, SAP, CRM, Marketing Automation/Ops, GameTech, AR/VR ECM, BPM, Taxonomy, Social Enterprise Agile & Lean Agile Thinking, Eng. Processes & Tools DIGITAL BUSINESS DIGITAL Commerce & Content Application and Cloud Management Assurance Infrastructure Architecture , DevOps, AppOps, SysOps eCommerce & ECM Platforms, Domain-specifics Security, QA, Testing, Automation, Performance CORE ENGINEERING / PRODUCT ENGINEERING CONFIDENTIAL 16 2016: A LEADER IN DIGITAL PLATFORM ENGINEERING SERVICES “ THE COMPANY EXHIBITED THE STRONGEST GRASP & EXECUTION OF DIGITAL PLATFORM ENGINEERING SERVICES (DPES) OF ALL THE VENDORS EVALUATED IN THIS REPORT” FORRESTER WAVE™: DIGITAL PLATFORM ENGINEERING SERVICES, Q2’ 16 The Forrester Wave is copyrighted by Forrester Research, Inc. Forrester and Forrester Wave are trademarks of Forrester Research, Inc. The Forrester Wave is a graphical representation of Forrester's call on a market and is plotted using a detailed spreadsheet with exposed scores, weightings, and comments. Forrester does not endorse any vendor, product, or service depicted in the Forrester Wave. Information is based on best available resources. Opinions reflect judgment at the time and are subject to change. CONFIDENTIAL 17 ABOUT EPAM HUNGARY CONFIDENTIAL 18 EPAM HUNGARY AT A GLANCE • 15+ years of history boosted by a merger with Fathom Technology in 2004 • CEE Headquarters in Budapest • Over 1600 IT Engineers in 3 locations: Budapest, Szeged, and Debrecen • Many Fortune Top 200 clients CONFIDENTIAL 19 EPAM HUNGARY LOCATIONS: BUDAPEST, SZEGED, AND DEBRECEN BUDAPEST DEBRECEN SZEGED CEE HQ 100+ people 300+ people 1200+ people Business domains: Business domains: Business domains: • Financial Services • Financial Services • Financial Services • Travel & Hospitality • Travel & Hospitality • Travel & Hospitality • Retail & Distribution • Retail & Distribution • Retail & Distribution Competencies: Competencies: Competencies: AWS DevOps DevOps Android / iOS Android / iOS CONFIDENTIAL 20 MOST DESIRABLE SKILLS DevOps CONFIDENTIAL 21 EPAM BUDAPEST ENVIRONMENT: CORVIN DISTRICT • Shopping Mall • Cinema • Restaurants • Cafe bars • Theater • Pubs CONFIDENTIAL 22 Why they are considering moving to Hungary—Mood CONFIDENTIAL 23 BUDAPEST OFFICE LIFE CONFIDENTIAL 24 WHAT’S GREAT ABOUT WORKING AT EPAM HUNGARY? • OPEN TRAININGS • ACCELERATION PROGRAMS • LEADERSHIP PROGRAMS • Introduction to Management Program • EPAM Elite C2 Leadership Development Course • CERTIFICATIONS, CONFERENCES, & COMPENSATION • LANGUAGE TRAININGS • CONFERENCES & MEET-UPs • LIFE @ EPAM: parties, hackatons, sport and social communities, tech communities, CSR, and much more! CONFIDENTIAL 25 LIVE LIFE @ EPAM CONFIDENTIAL 26 WORK IN HUNGARY CONFIDENTIAL 27 WORK @ EPAM HUNGARY • Hungarian employment: permanent • Special Bank Account offers (various) employee contract • Discounted Medicover Health Insurance • Working hours: 40 hours/week (M-F) • Fringe benefit (Cafeteria) package amounts • Number of holidays: to USD 1600 per year – Basic: 20 days - age and children increase it – Other elements: – E.g.: a 31-year-old man with a child: 25 days • Culture, meal vouchers, sports • Competitive salary for a well-balanced life • Holiday card for accommodation, • All benefits are the same for all employees entertainment, recreation, & meals CONFIDENTIAL 28 TAXES IN HUNGARY: NET SALARY CALCULATION GROSS SALARY (amount in the employment contract) − (minus) social security (10%) − (minus) health insurance (7%) − (minus) personal income tax (15%) − (minus) labor market contribution (1.5%) − (minus) other deductions – if applicable (Parking, Private Healthcare, etc.) = NET SALARY Personal income tax is calculated from the tax base TAX BASE = Sum of all taxable earnings – [cost of obtaining income] – [child/family benefit] – [other deductions – if applicable] After 1 dependent child: 36 USD/month After 2 dependent children: 90 USD/month After 3 or more dependent children: 353 USD/month CONFIDENTIAL 29 MEDICAL CARE IN HUNGARY: NATIONAL HEALTH INSURANCE FUND With the local employee contract, you are covered by obligatory national medical insurance. Medical insurance is a mandantory deduction from your salary Subscription cost for family members: • Adult (wife/husband): 200 USD/month • Child (under 18 or studying in governmental educational system): 120 USD/month Covered healthcare services: preventive examinations, primary healthcare, specialized inpatient and outpatient care, certain dental care, rehabilitation, ambulance service, drug reimbursement, reimbursement for medical aids, medical spa services... You can find more info here: http://www.oep.hu/ CONFIDENTIAL 30 MEDICAL CARE IN HUNGARY: PRIVATE MEDICAL CARE Few PMC providers Covered by monthly fee: access wide variety of medical services from basic doctors appointments, examinations, tests, pregnancy support etc. EPAM cooperates with MEDICOVER (discounted monthly fee) Different health insurance packages are available: http://www.medicover.hu/insurance-packages-companies/?lang=en Employee and any kind of relative(s): ~27 USD/Month English-speaking assistance Appointments booked online or via phone service CONFIDENTIAL 31 EDUCATION: GOVERNMENTAL EDUCATIONAL SYSTEM Nursery: 3 months old to 3 years of age Pre-primary education: Caters to children from 3 to 6 years of age. Primary education: Children start primary
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