Business and Investment Development Agency

Wages

Wages

One of the main attractions of the Czech Republic is its skilled and well-educated labour force meeting demanding requirements of investment projects.

Furthermore, the country’s attractiveness is rooted in its dense, high-quality infrastructure as well as its geographical and cultural proximity to Western Europe. Although the country’s labor costs are higher than in some Asian countries, the above-mentioned factors far outweigh any negative aspects and make the Czech Republic an attractive destination for foreign investors.

The national average gross monthly salary rose to CZK 35,285 (approx. EUR 1,352) in the Q1 of 2021, a year-on-year increase of 3.2%. Over the past five years, average annual wage growth has been in the range of 3%-7% and it is expected to remain relatively stable at that level.

Wages in the Czech Republic are characterized by regional differences. The lowest are in the regions of Karlovy Vary, Zlín and Pardubice. Prague alone raises the national average wage by some 15%-20%.

Wages Czech Republic



























 






Source: Czech Statistical Office, 2020

Average gross monthly wages in selected regions (in EUR), 2020

Job Position / Region Prague region Pilsen region South Moravian region Moravian-Silesian region
Research and Development Managers 3,725 3,884 3,532 2,929
Manufacturing Managers 2,923 2,849 2,290 2,524
ICT Services Managers 4,448 N / A 3,716 N / A
Electrical Engineers 2,344 1,998 1,868 1,847
Mechanical Engineers 1,979 2,024 1,883 1,778
Accountants 2,276 1,553 1,632 N / A
Software Developers 3,164 N / A N / A 2,156
Database and Network Professionals 2,680 N / A 2,382 N / A
Mechanical Engineering Technicians 1,580 1,553 1,376 1,369
Administrative Workers 1,047 962 976 804
Accounting, Bookkeeping and HR Clerks 1,624 1,293 1,298 1,264
Toolmakers and Related Workers 1,276 1,229 1,133 1,238
Note: Total labor cost = gross wage + 34% social and health contributions paid by the employer.
Average exchange rate 1 EUR = 26.5 CZK (year 2020 average, Czech National Bank)
Source: Ministry of Labour and Social Affairs, 2021
 

Average hourly wages in the European Union 2020 (EUR) (compensation of employees plus taxes minus subsidies)

Labour costs Europe

 




















Source: Eurostat, 2021