Most Czech workers fear losing their jobs next year amid economic uncertainty

Czech workers are on edge. Over half fear losing their jobs next year, and many are eyeing the exit doors at their current workplaces.

A recent Randstad CR survey reveals a storm of concerns brewing, driven by dissatisfaction with pay, work-life balance, and stunted career prospects.

Despite Czechia’s low unemployment rate of 3.8% in October, economic jitters tied to the lingering effects of COVID-19 and soaring energy prices have employees feeling uneasy. “The turbulent development of the economy in recent years has left a psychological impact,” noted Martin Jánský, Randstad CR’s director. He added that the automotive sector, particularly vulnerable to shifts in Germany, is amplifying fears.

Adding fuel to the fire, technological advancements—especially artificial intelligence—are rattling workers. “Rapid technological changes are making some employees feel threatened,” Jánský explained.

Meanwhile, job mobility is on the rise. A whopping 56.1% of workers are considering changing jobs in 2024, with 43.5% resolute about it. Low wages top the list of reasons, cited by nearly 40%, followed by a hunger for better work-life balance and career growth opportunities.

Jánský urged employers to step up. “If companies want to keep quality employees, they should focus on adequate financial remuneration, work-life balance, and career growth opportunities,” he said. He also stressed the importance of professional development programs to address workers’ concerns.

The growing unrest isn’t confined to the private sector. Last week, thousands of Czech police officers, firefighters, and other security force members staged a protest in Prague, demanding better pay and working conditions. They booed Interior Minister Vít Rakušan as he addressed the crowd, underscoring the frustration bubbling among public servants.

In response, Prime Minister Petr Fiala pledged to boost Czech wages to German levels within four years. His ambitious promise, however, drew sharp criticism. Opposition leader Andrej Babiš dismissed the idea as “nonsense,” sarcastically suggesting an investigation into Fiala’s “mental state.”

But Fiala doubled down, telling lawmakers, “Ladies and gentlemen, dear citizens, I’m not crazy, those who don’t believe in the Czech Republic are crazy.” He urged the nation to invest, reform education, and improve infrastructure, insisting, “It’s not rocket science.”

For now, though, Czech workers remain skeptical. With rising economic uncertainty and dissatisfaction in the workplace, the country’s labor force seems poised for a turbulent year ahead.

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