Analýza vývoje produktivity práce a úrovně odměňování v České republice v letech 2008–2021

This thesis analyses the development of labour productivity and the level of compensation (cost of labour) in the Czech republic in the period of 2008–2021 on a national, sectoral and regional level. The analysis extends into an international comparison. The analysis found that labour productivity development lags behind the development of employees' average compensation on the national economy level and also on the sectoral level. The sector with the worst work productivity development and average compensation of employees was found to be accommodation and food service activities. A regional analysis focused on regional differences found highest labour productivity levels in the capital city region of Prague and Středočeský region. On the other hand, regions with the worst levels of labour productivity were Ústecký, Moravskoslezský and Karlovarský region. Low labour productivity in these regions may be influenced by their sectoral structure. The situation in Ústecký and Karlovarský region may also be influenced by the educational structure of their inhabitants. International comparison shows that labour productivity levels in the Czech republic lag behind those of developed countries and are below the EU and OECD averages. At the beginning of the observation period, Czech republic used to be the leading country in terms of labour productivity between countries of the Visegrad 4. It was, however, overtaken by the Slovak republic with Poland catching up as well. Factors slowing down labour productivity development in the Czech republic are problems in the educational system and low investment and innovative activity from Czech firms.