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
The whole world is moving its activities online. Some industries are experiencing existential threats, others are thriving. But how are the measures taken by the Czech government affecting the recruitment process in private companies? Title photo: Stock image / Freepik. Who Is Hiring at the Time of Coronavirus? Many customers who have only ever been
On Tuesday, March 10th, the National Security Council decided to ban all public gatherings with more than 100 people, and a few days later a state of emergency and quarantine were imposed to halt the spread of Covid-19 across the country. In accordance with the new regulations, the Jobspin Multilingual Job Fairs have been postponed
There are prophets of doom everywhere when it comes to the coronavirus. But looking at the possible economic effects on the Czech Republic, there is no need for panic. Title photo: stock photo – Freepik / For illustrative purposes. Here’s a look at the economic impact of the new coronavirus in the Czech Republic and
2019 was a difficult year for the Czech economy and there are plenty of things to encourage the doomsayers: Donald Trump’s trade wars, the coronavirus and Brexit. But what do the economic forecasters tell us? Photo credit: Freepik / stock pictures. Written by Charles du Parc Czech Rep., Feb 24 (JS) – The CNB quarterly
The average wage has steadily been rising in the Czech Republic in recent years. In Q3 2019, the Czech Statistical Office (CZSO) reported that the average wage in the Czech Republic had increased to CZK 33,697, a real terms year-on-year growth of 4.3%. Although increasing, Czech wages are still only a third of those in
Inflation continues to surge; rising by 3.6% in January. Pushed upwards by the price of food and rents as well as recent changes in taxation. It is not expected to fall back until early 2021. Photo credit: Freepik / For illustrative purposes. Author: Charles du Park Czech Rep., Feb 17 (JS) – Inflation in January
At their monthly meeting last Friday, the Czech National Bank (ČNB) board voted to increase their main interest rate to 2.25%. This took the markets by surprise and the Czech Koruna strengthened consequently. Almost all the analysts and commentators had expected no change at the moment. Title photo: Z. Moreau / Jobspin. Author: Charles du Park
