The Average Wage Will Now Be Calculated Differently

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The calculation of the average wage in the Czech Republic will change. It will no longer be based on reports and data from a sample of companies, but now on the earnings of every worker in the country. The Unified Monthly Employer Report (JMHZ) will allow for a more precise amount to be determined. The Czech Statistical Office (CZSO) will start publishing it from next year. In the future, it plans to report it not quarterly, but monthly. Marek R…

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Prague - The calculation of the average wage in the Czech Republic will change. It will no longer be based on reports and data from a sample of companies, but now on the earnings of each worker in the country. Determining a more accurate amount will be made possible by the Unified Monthly Employers' Report (JMHZ). The Czech Statistical Office (CZSO) will start publishing it from next year. In the future, it plans to report it not quarterly, but …