Labour Market Trends to Feel The Impact of Covid-19 and Industry 4.0
The labour market will see significant changes within the next ten years, under the influence of the pandemic and the advent of the fourth industrial revolution. 30% of jobs will…
Inflation Still High at over 3% But Expected To Fall Next Year
Third-quarter inflation was higher than last year, mainly due to increases in holidays, tobacco and spirits. There are, however, signs that it has peaked and when the full economic impact…
New Forecast Sees Continued Decrease in Real Wages
This year, the average gross wage will reach CZK 34,682 (EUR 1,276), and next year CZK 35,006 (EUR 1,288). As the inflation rate is expected to be 3% this year,…
South Moravia Wages Hold Up Better Than Most Regions
Despite regional falls of up to in average monthly wages in the second quarter of 2020, the South Moravian Region managed an increase of The average wage in the region…
Ministry of Labour Proposes To Peg Minimum Wage to At Least Half the Average Wage
The new proposal, to go into effect from 2022, would see the current minimum wage increase by 17% from CZK 14,600 to CZK 17,100, which would benefit around 140,000 people.…
Women Still Earn Over 20% Less Than Men In The Czech Republic
The gender pay gap in the Czech Republic remains over 20% and is one of the highest in the EU. There is a similar picture in South Moravia. Men’s wages…
Average Czech Wage Exceeds CZK 34,000 For the First Time, Will Probably Fall After Pandemic
According to data collected in the beginning of the year, the average Czech wage increased by 5% compared with last year, to over CZK 34,000 per month. However, this figure…
Q3 2019: CSO Reports 4% Real Increase In Wages But Lower Than 2018
The latest figures from the Czech Statistical Office (CSO) for the third quarter of 2019 show real wages continuing to grow. The average monthly wage across the Czech Republic is…
Are You Being Paid Enough? Some Sectors Have Been Seeing Big Increases in South Moravia
In the 3 years from 2015 to 2018 wages in the South Moravian region have risen by 20%; all the evidence shows this trend continuing. The movement is being driven…
Average Wage in CR Reaches CZK 32,466 in Q1 of 2019
In the first quarter of 2019, the average wage reached an all-time high of CZK 32,466, which is CZK 2,236 () more than the same period in 2018. The median…