An analysis of a selected factor of supply in the Czech Republic's labor market

Abstract

A labor market is characterized by a labor supply of potential employees and a labor demand by companies. There have been significant disproportions between the supply and demand in the labor market in the Czech Republic. These disproportions lead to unemployment. The labor supply often does not reflect demanded professions required by individual companies. The requirement for experience in a given field occurs more frequently. This experience can lead to the lack of interest to work again in the field in the future. A research performed at Tomas Bata University studies both how current students' experiences influence their preferences concerning their future employment and whether students want to be employed or prefer their own business to employment. The research results can provide an insight into the emerging trend in the labor market in the Czech Republic.