Wage rises of up to 4 percent seen for 2016

Wages rises of up to 4 percent in 2016 are predicted by the Czech Banking Association amid expectations that lower unemployment and labour shortages could strengthen the hand of workers. The unemployment rate fell to 4.9 percent in the third quarter of 2015. Some economists say a critical point has now been reached where employees can press their wage demands with hopes of success. More rapid wage rises in some low paid sectors such as construction, the restaurants sector, and tourism could be expected, they say.

Author: Chris Johnstone