The governor of the Czech National Bank, Jiří Rusnok, has said wage rises
next year in the country can be expected to slow down.
Speaking on public broadcaster, Czech Television, Rusnok said on Sunday that real wage rises should be in line with real economic growth, that is somewhere around 4.0 percent.
In the last quarter of 2017 Czech gross average monthly wages exceeded 30,000 crowns for the first time after an 8.0 percent rise. Taking account for inflation the real wage rise was 5.3 percent with year on year growth in the quarter 5.2 percent.
Rusnok added that current Czech economic growth is around one percentage point lower than it could be if some problems, such as the shortage of labour, could be ironed out.
Czech teachers’ gross monthly wage increased to 31,632 crowns last year,
which is an increase by 7.3 percent on the previous year, according to data
released by the Czech Education Ministry on Wednesday.
Over the past five years, teachers’ salaries have increased by 19 percent, which is the most rapid wage growth increase in recent years.
The average gross monthly wage in the Czech Republic increased last year by seven percent to 29,504 crowns.
Czech use of IT technologies at work is 20 percent lower than in other
European countries, a survey carried out by Microsoft in 20 EU member
Czech employees don’t use notebooks, the intranet or online planning applications as much as their foreign colleagues. According to the survey, Czech employees don’t receive sufficient technical support and training.
The pace of yearly average gross wage rises speeded up in the last quarter
of 2017 to 8.0 percent, the Czech Statistical Office announced on Friday.
In real terms, discounting inflation, the rise was 5.3 percent. The average gross monthly wage was 31,646 crowns.
Average monthly wages for the whole of 2017 rose by 7.0 percent to 29,504 crowns.
The median wage, the level at which most people are earning removing part of the distortion from high earners, in the last quarter rose by 8.9 percent to 27,320 crowns.
The German-based discount chain Lidl, has announced plans to significantly
increase starting salaries of its employees in the Czech Republic.
As of March, the average starting wage for cashiers in Lidl supermarkets will increase by nearly a quarter to 28,000 crowns. Prague will offer slightly higher salaries than the rest of the country, starting at more than 29,000 crowns.
The average gross wage in the Czech Republic currently stands at 29.050 crowns.
Klára Skřivánková is UK and Europe Programme Manager for Anti-Slavery International, which describes itself as the world’s oldest human rights organisation. Skřivánková is an expert on human trafficking and frequently gives court testimony in modern slavery cases. When we spoke at Anti-Slavery’s offices in London, the conversation took in various forms of modern slavery, what can be done to combat it and what companies should do if they discover forced labour in their supply chains.