71% of Czech firms plan to raise wages

Published: 02.10.2021 Related countries:  Korea (south) Korea (south)

Economic growth and inflation calls for higher wages

Employers plan to increase salaries by an average of 8% in 2022, according to a survey by the HR agency Předvýběr.CZ. 71% of the respondents confirmed the increase in wages, while another 18% have not yet made a decision on wage policy for next year. Less than a third (29%) of companies will not increase wages for all, but only for selected professions, mostly technical and business.

In addition to wage increases, companies are also counting on further support for recruiting new employees and increasing the attractiveness for current ones. In total, 62% will strengthen employee benefits, 31% will offer more part-time jobs and 7% will increase recruitment allowances.

Source: CIA News
Prepared by the team of foreign office CzechTrade and CzechInvest Seoul