2018 will have companies focusing in retaining employee loyalty.
Companies wish to focus mainly on offering attractive benefits and on talent management. Although salaries across the entire Czech Republic will keep on growing, it won't be as rapid. It will be a more gradual equalization of salaries among employers. The research we have conducted from our survery of our employers acoss 14 regions in the Czech Republic.
The job market was significantly influenced by the very low unemployment rate in 2017 and this situation was also reflected in other trends. Employees were able to select from a greater range of job offers, which meant that employers were under pressure to adapt to the new situation and be more interesting for applicants.
This resulted in a rise in salaries across all sectors, with the benefit system offered by employers also receiving more attention. Because local job applicants were less interested in the offered job vacancies, a number of companies began focusing on foreign workers.
2018 will be the same in a number of aspects, but we can expect that candidates will be more interested in going to interviews. However, in a number of cases this will mainly be for the purpose of finding out their value on the job market and will lead to employers endeavouring to make their salaries correspond with those offered by the competition in a specific region. However, salaries will not rise significantly in most regions as they did in 2017. There might be the exception of the České Budějovice Region, however, because it's where employers are now battling the increasing trend of Czechs commuting more and more to neighbouring Germany or Austria.
Manufacturing and IT sectors continue to have the greatest shortage of people. Some regions, for instance Olomouc and Hradec Králové, expect a further rise of approximately 10% in job vacancies in these segments.
Manufacturing operators, welders, fitters, machinists, design engineers, electrical mechanics and electrical engineers are in greatest demand on the market, while programmers are needed the most in the sector of information technologies. Administrative positions are on the other end of the spectrum and candidates for these positions can be found without great difficulty in all regions of the Czech Republic. Current statistics show that there are approximately 3 job vacancies per applicant.
The conclusions of our survey agree on one thing in the individual regions: 2018 will be more complicated for employers, because employees have realized their irreplaceable position and therefore, the number of graduates looking for work is also falling.
However, the new year will bring a varied offer of positions for job applicants, along with interesting salaries and benefits. If companies also start to utilize part-time employment better, everyone will profit, both employees and employers.