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Company Formation Czech Republic

Company Formation Czech Republic

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Workforce in Czech Republic

Updated on Friday 22nd April 2016

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Workforce-in-Czech-Republic.jpgForeign investors who are interested in the business environment in Czech Republic should know that the country has a very stable economy, which offers a set of advantages to both local and foreign investors.
 
Entrepreneurs who want to expand their business activity in Czech Republic must know that the local workforce available here is educated and trained in accordance to the needs and shifts of the market. A significant part of the workforce in Czech Republic is highly qualified in science and engineering, sectors with an important influence on the local economy. 
 
The latest Eurobarometer research revealed that approximate 80% of the local workforce is fluent in several European languages, predominantly in English and German; our Czech company formation specialists can provide you with further information on the attributes of the local workforce
 

Highly skilled labor force in the Czech Republic

 
At the level of 2015, the population in Czech Republic accounted for 10.5 million, out of which 5.3 million is represented by the workforce. In the fourth quarter of 2014, the employment rate increased by 1.2% and most of the new jobs were created in the manufacturing sector and public services sector.
 
The workforce in Czech Republic is highly developed in important economic areas of the country, such as:
 
Prague;
Central Bohemia;
South Bohemia.
 
These areas have the lowest unemployment rates and they are responsible for the highest number of job availability, as many local and foreign entrepreneurs set up their companies here; our Czech company formation agents can provide you with further information on the employment levels. 
 
The Organization of Economic Cooperation and Development (OECD) revealed that Czech Republic is one of the states with the highest rate of students in the field of science and technology. 
 

Czech economy 

 
The labor force in Czech Republic is concentrated in several main economic sectors: 
 
the industrial sector employs approximately 37% of the total workforce;
the service sector employs 60% of the Czech workforce
 
The main industries in Czech Republic are: machinery, motor vehicles, metallurgy, electronics, brewing and pharmaceuticals. 
 
If you need further information on the workforce in Czech Republic, please contact our Czech company formation consultants for assistance. 
 

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