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Job mobility worries investors

The increased level of young people finding work in foreign countries could present problems for companies that have chosen to invest in Slovakia and the Czech Republic, according to a recent labour-market analysis.

The data comes from an internet survey on the Jobs.cz and Profesia.sk websites that was carried out during the first half of 2007 on the sample of 968 young Slovaks and 1,038 young Czechs.

According to the survey, the situation in Slovakia is worse than in the Czech Republic because many educated Slovaks go to work in the Czech Republic to take advantage of the higher salaries and greater purchasing power of the Czech crown.

According to Profesia.sk, only 14 percent of the Slovak respondents would not look for a job abroad and 24 percent of the Czech respondents said that they do not intend to work abroad.

Foreign investors that have come to Central and Eastern Europe looking for a cheap and ready labour force are having problems finding it, reads an analysis by the Czech HR consultants LMC, which deals with the online labour market.

According to the analysis, the CEE labour market has only a small workforce that is qualified and available as most of the older population in pre-retirement age is not able to meet foreign companies' qualification requirements.

Compiled by Zuzana Vilikovská from press reports
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