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Salary Guide 2018: Czech Republic Labour Market Trends

I would like to take this opportunity to welcome you to the current issue of the Hays salary guide for 2018. The Czech economy continues to prosper, we are currently experiencing a record low unemployment rate, and the number of open job positions has reached another record. Both these factors reflected simultaneously in another significant increase in salaries in the course of 2017. The year of 2016 was characterised by an extremely high demand for graduates and junior candidates for newly created jobs. In the past year, this demand had been extended in a quite significant way by managerial roles, both for permanent and temporary employment, after a longer period of time. 

However, the current situation in the labour market represents considerable constraints on companies. A lot of positions remain open over a long period of time because companies are unable to find qualified professionals. There are more vacancies in the market than high-quality candidates. The critical situation persists in technical fields where we are aware of the long-term low interest of students in this field; however, there is a shortage of experienced professionals as well.

Generally, now, people are more open to work changes, but they compare job offers more closely. They evaluate them not only from the perspective of offered salary and benefits, but they also take into account the employer’s reputation on the market, communication and speed during the selection process, and last but not least, the possibilities of personal and career growth.

Information and data for this year’s edition of the Hays salary survey was collected continuously during 2017. They contain both data from companies that sought candidates for over 6,000 jobs in the last year, and from more than 20,000 candidates with whom we cooperated last year. We have also focused on preference changes in the benefits area of individual fields. This year’s supplementary survey is focused on the retention and motivation of candidates, as this will become the area that will be decisive for companies across the specialities in the coming years. You can see the results on page 8.

I hope that you will find a great deal of useful information in the 2018 Hays salary survey and we look forward to discussing what these findings mean for your organisation.