Prices have joined a tight labor market to create a highly volatile wage market. Will wage demands create a vicious cycle of price increases leading to salary increases leading to price increases?

The labour market again saw a number of challenges last year. The relatively quick recovery of the world economy after the pandemic was sharply slowed down by the energy crisis and the war conflict in Ukraine. All this is reflected in the strategic decisions of companies and affects the planning of financial and human resources. Despite the difficult economic situation, companies' demand for qualified applicants remains strong. Sándor Bodnár, Managing Director, Hays Czech Republic