The document provides information about the workforce in the Czech Republic. It notes that the Czech Republic has a well-educated workforce, with roughly one-third of Czech students studying economics, finance, or IT. Technical education also has a long tradition and strong reputation. While minimum wages are low, average wages are also significantly lower than in western European countries, providing businesses access to skilled labor at a lower cost. The YeYe Agency helps companies establish operations and grow in the Czech Republic by providing various business services and helping with recruitment of educated local employees.

1. Workforce in the Czech
Republic

2. About YeYe Agency
We are a Business Development Agency that goes the extra mile to help new and already expanding
companies grow locally and globally.
We understand the complexity of running a business, especially in a new country, and have accumulated
the experience and expertise to make it a success.
We make sure that our clients achieve their goals in any stage of the life cycle by planning,
implementing and growing their operations in new markets.

3. Czech Republic-heart of Europe
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4. • Area: 78,865 km²
• Capital city: Prague
• Population (2016): 10.5 million
• Language: Czech
• Currency: Czech Crown (CZK)
• Political system: Parliamentary republic
(president)
• Administrative division: 8 regions NUTS 2 14
regions NUTS 3
• Member of organization: EU, NATO, IMF, WB,
WTO, OECD, OSCE
Source: Czech Statistical Office 2017, Czech Ministry of Finance 2017, IMF 2016
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5. Czech Republic- basic data
5,0 %
GDP growth
2,6 %
Inflation rate
● Export destinations in 2016: Germany 33%, Slovakia 8,4%,
Poland 5,7%, UK 5,2%, France 5,2 %
● Average gross salaries and wages (real)
● External trade (export)
● External trade (import)
4,2 %
11,13 %
14,7 %
5
Source: Czech Statistical Office 2017, Czech Ministry of Finance 2017

6. 6
Source: Czech Statistical Office 2017, Czech Ministry of Finance 2017

7. 7
DB
2018
Ran
k
Economy DTF
Score
1. New Zealand 86.55
2. Singapore 84.57
3. Denmark 84.06
4. Korea, Rep. 83.92
5. Hong Kong SAR,
ChIna
83.44
10. Sweden 81.27
15. Taiwan, China 80.07
20. Germany 79.00
30. Czech Republic 76.27 Source: Doing Business 2018

8. Workforce

9. ● Technical education has a long tradition and
strong reputation around the world
● Czech Technical University in Prague is one of
the biggest and oldest technical universities in
Europe
● Roughly one-third of Czech students study
economics, finance or IT
● More than 300,000 university students and
nearly 80,000 graduates-according to the
Ministry of Education, Youth and Sport for
academic year 2016/17
9
Educated workforce
Source: CzechInvest

10. Wages
● Minimum wage EUR 2,15 for each hour of the employee’s work, and for the employees
remunerate on a monthly bases EUR 360,27 per month.
One of the main attractions of the Czech Republic is its skilled and well-educated
workers available at a fraction of the cost of those in western economies (for
instance, German employees earn nearly four times more than Czech workers).
Source: CzechInvest

11. Average gross monthly wages in selected positions in EUR, 2016
Job
Position/Regio
n
Prague Plzen Hradec
Kralove
Brno Ostrava
Lawyer 6,900 3,840 2,680 4,600 3,070
Java
programmer
3,840 2,100 2,300 3,070 2,680
Business
manager
2,880 2,680 2,300 2,680 2,100
Site manager 2,300 1,920 2,100 3,840 1,920
Machinist 1,530 1,040 960 1,150 1,110
Electrician 1,340 1,150 1,150 1,230 960
Source: CzechInvest

12. How YeYe can help you?
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13. 13
Wide range of services to new companies
Plan
Implement
Grow
● Feasibility Check
● Market Research
● Business Plan
● Mentorship
● Entry into the market
● Company Establishment
● Official Seat for Your Company
● Co-Working Space
● Bookkeeping & Accounting
● Legal Assistance
● Hiring
● Relocation in CZE
● Web & Social Media
Management
● Import/Export
● Logistics
● E-commerce
● Distributor Network
● Private Label Production
● Purchasing

14. We can help you with hiring educated language
speakers for your company
YeYe People
14

15. Thank you for your time
and be free to contact
us!
15

16. E-mail : info@yeyeagency.com
Tel : +420 733 123 101
HQ: Rumunská 26 Praha 2 120 00 Prague
Czech Republic
Brno | Bratislava | İstanbul
D
are
to
go
further!