Job insecurity across various occupation in Czech Republic

Abstract

Job security for most working population is crucial in ensuring living standards. The main goal of this article is to find out, based on the analysis of employment, unemployment, vacancies, and wages in various job categories in the Czech Republic between 2015 and 2022, which job groups are most prone to job insecurity and job loss. Data from the Information System on Average Earnings (ISPV) and MLSA portal were used to analyse the structure of job seekers and job vacancies and to establish employment and wages. Data were processed using descriptive statistical methods. An evaluation of the variance was performed among the selected variables. A t-test was used to measure differences in job security between the observed employment categories. The results show that higher-skilled worker requirements characterize the best job classes regarding job security and wages. On the other hand, the unstable job categories with high unemployment rates and low wage rates were support and unqualified jobs and service and sales jobs. A final important finding is that firms are creating jobs with low educational requirements, which may indicate stagnation in future job innovation.