Are you planning to move to Prague or looking for a job in the city? One of the important aspects that you should consider is the minimum wage.
As per the law in the Czech Republic, all employees are entitled to a minimum wage, and it varies based on several factors. In this article, we will discuss what is the minimum wage in Prague and other important details related to it.
What is Minimum Wage?
Minimum wage is the lowest amount of compensation that an employer is legally required to pay their employees for their work. It helps ensure that workers receive a fair payment for their labor and can afford basic necessities like food, housing, and healthcare. The minimum wage varies from country to country and even within regions of a country.
Minimum Wage in Prague
In Prague, the minimum wage is set by law, with periodic adjustments based on various factors like inflation and economic growth. As of January 2021, the minimum wage in Prague is CZK 15,200 per month (approximately EUR 580). This means that an employee working full-time (40 hours per week) should receive at least CZK 91 per hour.
Who Is Eligible for Minimum Wage?
All employees who have an employment contract are eligible for minimum wage in Prague. This includes full-time as well as part-time employees.
However, there are some exceptions to this rule. For example, trainees or apprentices may be exempt from receiving minimum wages if they are undergoing training or education.
How Is Minimum Wage Calculated?
Minimum wage in Prague is calculated on a monthly basis rather than hourly basis. This means employers must ensure that their employees’ total monthly earnings meet or exceed the minimum wage requirement. If an employee works part-time or has variable working hours each month, their wages must still meet or exceed the monthly minimum threshold.
Conclusion
In conclusion, the minimum wage in Prague is CZK 15,200 per month as of January 2021. All employees who have an employment contract are eligible for this wage, with some exceptions.
Employers must ensure that their employees’ total monthly earnings meet or exceed the minimum wage requirement. We hope this article has provided you with useful information about the minimum wage in Prague and helps you make informed decisions about your employment or business in the city.
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