Czech job market will offer higher salaries, more intense talent hunting, and new opportunities for foreigners and generation 50+.

The number of job vacancies is higher than ever in the Czech history. Recruiters send a clear message to those who consider changing their job: “Now is the time.” With insufficient suitable human resources in the market, the experts expect a rise of the salaries by 4 – 5% for both current and new employees.  Companies however try keeping today’s levels of salaries and prefer offering non-financial bonuses such as lunch vouchers, extra holidays, or multi-sport cards that allow their employees use various sport facilities in a city.

A new challenge for human resources’ specialists is the generation 50+. With aging of the European population, the idea of ideal hires between 25 and 35 has lost ground. Employers need to learn how to manage teams composed from people of diverse age groups. The data of Czech Statistical Office from 2001 to 2015 show that a group of Czechs between 20 and 29 years is 25% smaller while there is more than 40% increment in the age group of people above age 60.

Employers complain about state’s policy of employing people from countries outside of the European Union. Today, the hiring process is burdened by complicated bureaucratic procedures. Some even see this policy as a threat to the future Czech economy’s growth.

The lack of language skills presents a new-old problem of hiring people with excellent technical education and experience in the Czech Republic. This is a rather absurd situation for an export-based economy such as the Czech one. Some blame the Czech educational system that produces people capable of completing the test forms but unable to communicate in a foreign language with others.

2017 will give more chances to the fresh graduates and people from abroad. Companies will generally more invest in their current employees. They will try to win and keep their loyalty, focus on their learning process, and developing their skills. HR departments will hold a stronger position in companies’ structures and will exercise more individual and flexible attitude towards their employees. They will offer them tailored working times, bonuses, and motivational benefits.

The sectors with the deepest lack of workforce will be IT, logistics, all kind of services, and low-qualified positions such as welders or construction workers that will be even more often outsources from abroad.

Overall situation will favor the employees with more job opportunities and higher salaries while companies will deal with intensifying competition in a small economy and its job market.

Sources:
Title photo by Fabrizio Verrecchia at Unsplash.com.
Ekonom Ihned.cz 2016: Češi mají problémy s angličtinou. Špatné jazykové znalosti zaměstnanců mohou zbrzdit český export at: http://ekonom.ihned.cz/c1-65538560-cesi-maji-potize-s-anglictinou-poptavka-po-jazykove-vybavenych-zamestnancich-ale-poroste.
Finance Idnes.cz 2017: Trh práce 2017 bude plný extrémů. Personalisté prozrazují, co nás čeká at: http://finance.idnes.cz/zamestnani-kariera-personaliste-anketa-novy-rok-f6u-/podnikani.aspx?c=A170106_132119_podnikani_kho.
Novinky.cz 2017: V roce 2017 se očekává další snižování nezaměstnanosti at: https://www.novinky.cz/kariera/425146-v-roce-2017-se-ocekava-dalsi-snizovani-nezamestnanosti.html.

Recommended Reading:

Public Holidays in the Czech Republic in 2017: Less Working Days and 6 Long Weekends

Income Tax and Tax Deductions in the Czech Republic

Business & Job Market