The Czech Ministry of Labor expects a possible 5% rise in unemployment due to the coronavirus outbreak. The southern European economies had been struggling with high unemployment long before the coronavirus emergency. So how is the recruiting process working now? Will coronavirus lead to even more people moving around Europe for work than ever before?
Title photo: Stock photo / Freepik. A lump sum payment of CZK 25,000 to self-employed workers was one of a number of economic measures announced by the government on Tuesday, March 31, 2020. Other measures included confirmation of the government’s intention to pay wage costs for employers in cases where staff would otherwise be laid
Hourly labour costs in the Czech Republic in 2019 averaged around EUR 13.5. While still below the EU average of EUR 27.7, this represented an increase of 7.5%, compared to an increase of 2.9% across the whole EU. The cost of labour in the Czech Republic was the highest in the Visegrad Group countries. Photo