Economic policy / Employment and Social Affairs

This section reports on economic policy initiatives of the Czech government, the EU, and other entities that have a direct impact on the competitiveness of the country. It also includes information on economic priorities of the AmCham and other leading associations.

Spotlight issue

26th October 2016 / Economic policy / Employment and Social Affairs

Czech Statistical Office: Share of workers aged 70-74 with tertiary education 3rd highest in EU | PwC: Czech Republic could boost its GDP by 7% by increasing employment rates of people aged over 55

According to the Czech Statistical Office, the number of older workers in management positions (mainly specialists) has been rising. Life expectancy for Czech women is 81.7 years, 75.8 for men (2014 data), compared with 50 and 47 years, respectively, in 1920. PwC Golden Age Index: How well are OECD countries harnessing the power of their older workers? measures the labour market impact of workers aged over 55 in 34 OECD countries, including employment, earnings and training. The Czech Republic ranks 18th, improving steadily. 
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20th July 2016 / Economic policy / Employment and Social Affairs

IMF: Emigration and its Economic Impact on Eastern Europe - infographic, analysis: High share of Czech emigrants with tertiary education

 As emigration pressures are likely to persist, CESEE countries will continue to face significant challenges, with some SEE and Baltic economies facing larger emigration pressures than other countries in the region. The IMF analysis Emigration and its Economic Impact on Eastern Europe highlights some of the issues that CESEE policymakers need to pay greater attention to so as to assess the effects of emigration on their economies. The report also discusses how the EU, as a beneficiary of CESEE emigration, could support the efforts of CESEE countries in mitigating the negative effects of emigration on these countries’ economic potential and convergence prospects. 
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17th January 2016 / Economic policy / Employment and Social Affairs

WEF: Future of jobs 2016 | Czech labor market, trends

While only a minority of the world’s global workforce of more than three billion people is directly employed by large and emerging multinational employers, these companies often act as anchors for smaller firms and local entrepreneurship ecosystems. Therefore, in addition to their own significant share of employment, workforce-planning decisions by these firms have the potential to transform local labour markets through indirect employment and by setting the pace for changing skills and occupational requirements, World Economic Forum's recently published analysis Future of jobs 2016 says. Also, pay rises in the past were more than covered by productivity increases, a new trend might emerge in the Czech Republic where increased pay is no longer offset by productivity gains.
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Members of the American Chamber of Commerce in the Czech Republic