Over 20 percent of Czech employees changed their job over the past six months, and more than a fifth are considering finding new employment or are actively searching for it, according to a global survey Workmonitor carried out by the recruitment agency Randstad. The survey also suggests that 65 percent of Czech employees are happy with their current employer.
Unemployment in the Czech Republic rose to 2.9 percent in December, up from
2.6 percent in November, according to data released by the Czech Labour
Office on Thursday.
Despite the rise, it is the lowest figure for the period of December since 1996. According to the statistics, there are currently 215,500 people seeking employment.
The lowest unemployment rate was in Prague, with 1.9 percent, while the highest number of unemployed, 4.4 percent, was registered in the region of Moravia-Silesia.
Trade unions will demand at 6-7 percent rise in average wages this year,
according to Josef Středula, head of the Czech-Moravian Confederation of
In an interview with iDnes.cz published on Sunday, Středula said that despite an expected slowdown, Czech companies can afford pay hikes. If wages stagnate, he said, the entire Czech economy – half of which is driven by consumption – is at risk.
Czech GDP in real terms has already exceeded 90 percent of the European Union average, yet Czech wages are at around 30 percent of the European average in nominal terms, Středula said.
Pensioners in the Czech Republic will see an increase in their monthly
old-age pensions by 6.7 percent on average, which amounts to around 900
crowns, as of January 2020.
The hike is higher by about 200 crowns than the increase that the pension law would normally allow, based on salary growth and inflation. It is the second hike in succession as the government strives to bring pensions faster to a higher level.
The Social Democrats of the ruling coalition, who hold the Labour and Social Affairs portfolio, say they want pensions to reach 50% of the average wage by the end of the government’s term in 2021.