The motif of last year was the economic prudence of organisations. This affected workforce strategies: some companies limited the number of recruitment processes, while others have recruited more actively. However, the common denominator is that all engaged more comprehensive and detailed selection process. Employers are not only assessing a candidates professional suitability, such as through skills testing, but also carefully considering their personal qualities, team-fit and soft skills.
Hays Czech Republic Salary Guide 2024 | Recruiting Trends
LABOUR MARKET TRENDSThe Czech market at a glance
Download the Salary GuideBUSINESS CHALLENGES AND STRATEGIES
It is clear that companies are facing challenges when it comes to accessing skilled labour, as demonstrated by 28% of companies (see chart 1, right) citing this as a key obstacle to achieving their goals. As the number of skilled professionals available in the market decreases in the long term, recruitment efforts need to be supplemented with additional resources, while simultaneously highlighting the comprehensive package that the company can offer to candidates. In addition to salary, candidates are interested in factors such as work culture, flexible and remote working policies, and benefits packages.
This is closely related to the HR investement focus areas in companies (chart 2). Employee retention and the retention of key talent are primary concerns for companies in the long term. At the same time, due to the rapid pace of technological development and the need for process optimisation, upskilling is becoming increasingly important. Therefore, companies are placing greater emphasis on employee training and development. This also increases the likelihood of retaining key talent, as employees are more likely to stay at a company that can offer continuous development and career growth opportunities.
Only 8% of employers do not plan to hire new employees in 2024 (chart 3). Companies are primarily seeking candidates with mid-level seniority, as well as independent workers and specialists. While permanent positions are traditionally the most common, there is an increasing demand for temporary workers and contractors each year. These flexible solutions help employers to better manage their resources during economically volatile times, ultimately resulting in cost savings.
INTERESTED TO FIND OUT MORE?
DOWNLOAD YOUR COPY OF THE GUIDE TODAY
Get an overview of the major labor market trends by industry and salary levels for hundreds of skilled jobs for 2024, based on the expertise and knowledge of our consultants. The publication also includes an evaluation of a survey of employers and employees, giving you greater insight into how businesses and individuals perceive and respond to labour market events.
If you're interested in a personalised salary benchmark, please let us know.