Asking for a raise in Czechia: How to leverage market trends for better pay

Understanding what defines a fair salary is crucial if you’re navigating the job market or eyeing a career shift in the Czech Republic. But remember, it’s not just about that paycheck figure—your compensation package includes much more than meets the eye.

As you gear up for an interview or consider negotiating a raise, take heart: you have the advantage right now. “Job seekers are in a strong position,” says Martin Malo, Managing Director at Grafton Recruitment, a leading agency that produces an annual salary guide showcasing pay trends across various industries.

This year’s guide sheds light on key job market trends, especially within the shared services sector, a major employer of foreigners in Czechia. Malo shared insights that could empower you to negotiate smarter and more effectively amid shifting economic landscapes.

Determining a competitive salary in Prague isn’t one-size-fits-all, especially for white-collar professionals. Your lifestyle is crucial: Are you a solo renter, or do you share expenses with a partner? According to Grafton Recruitment, mid-career professionals should aim for a gross salary between 50,000 and 60,000 CZK per month (roughly €2,000 to €4,000), typically covering essential living costs, rent, and the occasional indulgence, like dining out or traveling.

But don’t stop at the salary figure during negotiations. With rising living costs—think inflation and energy prices—it’s essential to factor these into your request. Strive for a compensation package that meets your basic needs and enables you to save and truly enjoy life.

When negotiating your compensation, remember to consider the full package—benefits matter. In the competitive job market of the Czech Republic, particularly within the business services sector, companies are stepping up their game with enticing benefits to attract top talent. Many firms offer packages that include bonuses, gym memberships, extra vacation days, and flexible working arrangements.

“It’s not just about the gross salary,” advises Malo. “Be sure to identify additional costs that your employer might cover.” These perks can significantly ease your monthly expenses and enhance your overall quality of life.

With Czechia's unemployment rate sitting at a mere 3.8 percent, employers are in a fierce battle for skilled workers. In fact, some sectors are experiencing near-zero unemployment, giving job seekers a powerful edge in negotiations.

As you step into your next interview, remember: the balance of power has shifted in favor of employees. This is your moment to confidently ask for a salary increase, improved benefits, or the flexibility of hybrid work options. Many business services companies now offer 2-3 days of remote work each week as standard, so don’t settle for anything less than what you deserve.

Before going into negotiations, do your homework. Reach out to current employees through social networks to get the inside scoop on the company’s work environment, salary ranges, and what benefits are typically offered. “These employees can provide more information that's not always publicly available,” Malo suggests. This knowledge could also give you the upper hand when asking for what you want.

Today’s job seekers, especially millennials and Gen Z, value training and career development just as much as salary. If you’re aiming to grow within a company, ask for training programs that will help you advance your skills. Many companies in the business services sector offer professional development opportunities, knowing that the younger workforce expects continuous growth.

If you’re fluent in in-demand languages like German, Dutch, or Danish, you’re not just adding a skill to your resume but boosting your earning potential. “The demand for candidates with foreign language skills remains consistently high,” says Malo. These abilities can be a game-changer in a global marketplace, especially for companies looking to expand their international reach.

While some business service centers are taking operations that require less qualified employees elsewhere, Malo says that, looking ahead, more international companies will bring complex operations that require skilled workers to Czechia. For mid-career professionals contemplating a shift, this is an opportune moment, as salaries in this sector are growing faster than in others, making it an attractive option for career advancement.

“The business services sector is expanding rapidly and will play a crucial role in the coming years,” he says. Don't hesitate to explore new opportunities if you’re not getting what you want in your current role. Now is the perfect time to seek out that next big career leap.