04:05
ISSUE 5
By Klára Cowan How V4 countries approach minimu guaranteed wage
Changes to the guaranteed and
Recently, there has been a significant change in the labor laws in the Czech Republic. An amendment to the Labor Code came into effect on August 1 of this year, which, among other things, abolished the system of guaranteed wages in the private sector. minimum wage, which took place in the Czech Republic in July 2024, are intended to ensure an adequate minimum wage for the entire EU. This can help close the income gap between men and women, but it carries the risk of higher costs.
Only the minimum monthly wage will remain, which is 18,900 CZK this year, and should rise to 20,600 CZK next year. The average salary in Czechia has now reached CZK 43,941 per month. We can find out whether the system of guaranteed wages is a standard when we look, for example, at the situation in the other V4 countries. The System of Guaranteed Wages applies only in Slovakia. In Poland, a similar legal arrangement operates as the one now in the Czech Republic,
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