In summary
In Czechia there is a statutory minimum wage of € 5.43 per hour, which makes a minimum wage of € 905.73 per month (5.10% in real growth terms comparing to the previous year). The MW is set by Trade unions and employers (and by the government if trade unions and employers do not reach agreement). The criteria guiding the adjustments of MW is 47% of average gross wage by 2029. There were higher minimum rates depending on the complexity, responsibility and qualification requirements of the work performed, so called "guaranteed wages" but this mechanism was abolished under the amendment to the Labour Code, under the transposition of the AMWD. The gender pay gap is 18.5%, while the in-work poverty rate is 4%. Finally, income inequality (calculated as Interdecile ratio S80/S20) is 3.3.